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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 continues
  • 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 towards 3.20%
  • Pound looks overstretched, express via short GBP/USD @ 1.5700+
  • QE3 reflation trade still has legs, watch 200-DMA in 10yr UST
  • S&P500 still our preferred market although recent gains look vulnerable

This note covers US, UK and European markets for the week commencing August 20th.

Full report below…

 

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