Price is reacting below our pivot level at 1.95330 which is in line with 127.2% Fibonacci retracement level. Price could potentially drop to support at 1.93660 which coincides with 78.6% Fibonacci retracement level and 161.8% Fibonacci extension level. MACD is indicating bearish momentum for further downside. Alternatively, price could potentially...
USDJPY potential bullish momentum | 2nd Sep 2021
Price broke out upwards from the triangle pattern signifying a bullish pressure. Price is expected to move towards the take profit level in line with the 78.6% Fibonacci retracement level. Our bullish bias is further supported by the price holding above the Ichimoku cloud and the RSI indicator shows a...
GBPUSD is consolidating at pivot, potential for drop
Price is consolidating around pivot level at 1.37725 which is in line with 61.8% Fibonacci retracement level , 78.6% Fibonacci extension and descending trendline resistance. Price may potentially drop to support at 1.36945 which is in-line with 50% Fibonacci retracement and 61.8% Fibonacci extension level. Stochastic is also indicating negative...
The equity strategist’s guide to wealth management
How should I invest? It is single-most asked question in the financial industry by retail investors. Here is a guide for how to think about the problem.I often get the question from clients, friends, and family which stocks they should buy. I do not see myself as the new Warren...
Equities dip, but FX points to fresh risk sentiment boost
Today we look at the slight dip in risk sentiment in US equities, but note a more risk-on tone in FX, where the USD and JPY are continuing south and the formerly beleaguered Aussie has staged a v-shaped recovery from recent lows. A look at oil in the wake of...
Market Quick Take – September 2, 2021
US equities rolled over back to the downside after attempting a run at the highs after US private payrolls growth for August came in at about half of the rate the market was expecting, according to the ADP survey. Elsewhere, Ethereum is grabbing the spotlight in the crypto-space with a...
Monthly Fixed Income Chart Pack
We find that the summer government bond rally did little to tighten corporate bond spreads further. In the United States, we begin to see signs of distress from the money market space as Congress hasn't reached an agreement regarding the debt ceiling. In Europe, despite the recent selloff, EUR-hedged US...
Macro Dragon Reflections: Afghanistan – The Return of the Taliban. What if, This Time Its Different?
Our latest Macro Dragon Reflections think piece highlights Afghanistan & the Return of the Taliban, with the most contrarian of pathways. This is a country of +33M people, with one of the lowest GDP per capitas figures in the world. The market cap of Apple is +34x larger than Afghanistan's...
Will EU defence contractors benefit in a post Afghanistan period?
With the US exit from Afghanistan the Nixon Doctrine from post the Vietnam war is now completed. That leaves Europe in a new situation and potentially a growth path for European defence contractors.There have been many political analyses about how the US has badly executed its exit from Afghanistan, but...
FX Update: Resurgence in EU yields supports euro rally.
EU sovereign yields got a big boost yesterday from a higher than expected EU inflation print, but also on a couple of known hawks arguing for a reduction of stimulus. But the fact that EU yields have moved at all, especially relative to the moribund activity in US yields, has...