Our weekly publication insight into which data and events has the potential to move markets in the week ahead, an update on the more interesting chart developments and concludes with a summary of our core strategy views.
- ECB’s conditionality lets it off the hook, fundamental slowmo car crash will continue
- EZ equities bounce should be seen as corrective, m/t EUR trend remains weaker
- A soft UK is a trend, waiting for 30yr Gilts to retrace to buy levels above 3.0%
- Pound looks overstretched, room for EUR/GBP to correct back through 0.8000
- QE3 reflation trade still has legs, UST’s and DXY stay vulnerable short-term
- S&P500 break brings 2012 highs back into play, still our preferred market
This note covers US, UK and European markets for the week commencing August 18th.
Full report below…
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