'Today we wrap up Friday's positive action in the equity market as we continue to note that US treasuries may be a barometer for excess liquidity, not the market's assessment of inflation risks or the growth outlook. In FX, it was curious to see a sharp USD move higher when...
Market Quick Take – June 14, 2021
US equity markets are pushing on all-time highs after another positive session on Friday, with sentiment remaining positive despite an uptick in US yields. A G7 meeting produced a lengthy communique promising significant spending initiatives that US President Biden positioned as competing with Chinese influence. The key event risk towering...
Macro Dragon WK #25: All about the Fed (Yawn!), with lower lows in vol & higher highs in the S&P…
Macro Dragon = Cross-Asset Quasi-Daily Views that could cover anything from tactical positioning, to long-term thematic investments, key events & inflection points in the markets, all with the objective of consistent wealth creation overtime. (These are solely the views & opinions of KVP, & do not constitute any trade or...
Footonomics by Jakobsen & Garnry #3
Footonomics by Jakobsen & Garnry is about the serious and fun differences on macro and equities between two countries playing in the UEFA EURO 2020 tournament.Match: England vs Croatia Macro: Le Roast Beef vs. Our Beautiful (Liepa nasa) Croatia takes the win on the Misery Index (CPI + Unemployment + Budget...
Footonomics by Jakobsen & Garnry #2
Footonomics by Jakobsen & Garnry is about the serious and fun differences on macro and equities between two countries playing in the UEFA EURO 2020 tournament.Match: Denmark vs Finland Macro: Danish Dynamite vs. Finnish Sisu Denmark has clear win on the Misery Index (CPI + Unemployment + Budget deficit) with the...
Carbon and gas driving strong week for energy
Commodities traded higher for a third week with broad gains in energy and metals off-setting pockets of weakness across the agriculture sector. While the Bloomberg Commodity Spot Index stayed closed to a ten-year high, it was four non-index members from Dutch gas and carbon to iron ore and coal that...
EURCAD potential for further upside! | 11th June 2021
EURCAD is facing bullish pressure from ascending trendline support in line with 50% Fiboancci extension and 78.6% Fibonacci retracement . Prices might push up towards horizontal swing high resistance in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement . If prices push down further, prices might take support on...
EURAUD facing bearish pressure | 11th June 2021
Price is facing bearish pressure as it continues to hold below the Ichimoku cloud and descending trendline resistances. We could see a further drop below Pivot , in line with 78.6% Fibonacci retracement and 127.2% Fibonacci extension , towards 1st Support, in line with 61.8% Fibonacci extension and horizontal swing...
GBPCHF facing bearish pressure | 11th June 2021
Price is facing bearish pressure as it continues to hold under the descending trendline resistance, and Stochastics is also showing signs of bearish pressure as it is approaching the resistance level where it has reacted off of before, in line with our analysis. A break and close below Sell Entry...
AUDCAD further drop incoming | 11th June 2021
AUDCAD is currently hovering above 1st resistance in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension . If prices break through 1st resistance, a further drop is expected towards horizontal overlap support in lie with 50% Fibonacci retracement and 50% Fibonacci extension . If prices reverses from 1st resistance,...