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"UK Outlook"
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.
- Market more confident on ECB’s OMT backstop despite Spanish procrastination
- EZ equity dip should tempt buyers but EUR’s corrective bounce at its limit
- UK data still looking constructive, political risks worth closer scrutiny
- Pound looks rich, Cable support at 1.5977 vulnerable, switch to neutral EUR/GBP
- US data improving, election noise should distract from fiscal cliff worries near-term
- S&P500 remains bullish, pre-crisis highs at 1,576 in play while market holds 1,419/22
This note covers US, UK and European markets for the week commencing October 22nd.
Full report below…
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 OMT ‘plan’ to remain just that as PM Rajoy stalls amid ranging periphery yields
- EZ equity run could extend but EUR’s corrective bounce reaching its limit
- UK data still looking constructive, market buying into improvement
- Pound looks rich, still waiting for signal to short Cable, like long EUR/GBP
- US data improving, election noise should distract from fiscal cliff worries near-term
- S&P500 remains bullish, pre-crisis highs at 1,576 in play while market holds 1,419/22
This note covers US, UK and European markets for the week commencing October 15th.
Full report below…
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 OMT ‘plan’ to remain just that while periphery yields look tolerable
- EZ equity run could extend but EUR’s corrective bounce reaching its limit
- UK data remains constructive for now, market buying into improvement
- Pound vulnerable to political risk, prefer USD, still waiting for signal to short Cable
- US data improving, election noise should distract from fiscal cliff worries near-term
- S&P500 remains bullish, pre-crisis highs at 1,576 in play while market holds 1,422
This note covers US, UK and European markets for the week commencing October 8th.
Full report below…
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 OMT plan, German ESM approval positive, political posturing should now complicate
- EZ equity run ought to extend but EUR bounce bad news for periphery, still corrective
- Unwind of Jubilee a positive s/t kicker for UK data, overall trend still weak
- Pound vulnerable to fundamentals and political risk, waiting for signal to short Cable
- Fed delivers above expectations with open ended QE3, underpins Gold
- S&P500 move through 1,440 brings pre crisis high at 1,576 into view
This note covers US, UK and European markets for the week commencing September 17th.
Full report below…
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 OMT plan a significant step thanks to prospects for ‘unlimited’ support
- EZ equity break dents bear case in the s/t, still sceptical of EUR bounce
- Unwind of Jubilee a positive s/t kicker for UK data, overall trend still weak
- Pound vulnerable to shaky fundamentals and political risk, looking to short Cable
- Payrolls might be the QE3 ticket, but look to buy DXY dips, Gold bullish
- S&P500 rally building surprising steam, move through 1,440 would reinforce bulls
This note covers US, UK and European markets for the week commencing September 10th.
Full report below…
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.
- Market expectations too optimistic on ECB intervention where a consensus still lacking
- EZ equities bounce faltering, EUR bounce nearing an end, mid-term trend lower
- UK data still dominated by risks rather than hopes, still like long-end of the curve
- Pound vulnerable to shaky fundamentals and political risk, looking to short Cable
- QE3 reflation trade out of steam, look to buy DXY, Gold remains bullish
- S&P500 still has room to test new highs but whole rally fragile, sell strength
This note covers US, UK and European markets for the week commencing September 3rd.
Full report below…
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 intervention plan looks incomplete, market expectations probably too optimistic
- EZ equities bounce remains corrective, m/t EUR trend weaker
- UK data still dominates by risks rather than hopes, we like the long-end of the curve
- Pound overstretched, external forces should create opportunities for bear bets
- QE3 reflation trade still has legs, DXY should take the pain s/t, Gold break bullish
- S&P500 has room to test new highs before eventual reversal
This note covers US, UK and European markets for the week commencing August 20th.
Full report below…
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…
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…
