• All
  • Articles
  • Squawks
  • Trade views
  • Must reads
  • Videos
  • Calendar
Write a Squawk
No posts
  • Squawk / Yesterday at 21:49 GMT
    Senior Analyst /
    Saint Vincent and the Grenadines
    Weekly Trading Forecasts on Major Pairs (March 2 - 6, 2015)

    Dominant bias: Bearish
    This market, which was in an equilibrium phase for a few weeks, experienced further weakness last Thursday. Price dropped by 180 pips, closing below the resistance line at 1.1200. While price might saunter into the territory below the resistance line at 1.1100, it may not be able to go down further from there. The outlook for the EUR is bullish for this week, and therefore, price may rally by 100 – 200 pips any day in the week.

    Dominant bias: Bullish
    One would expect that USDCHF would go northward seriously, just as EURUSD went southward seriously. However, the bullish movement on USDCHF has been limited, for bears are making effort to drag the pair lower. Should price fail to go above the resistance level at 0.9550, it may experience some bearish correction which may take the price lower towards the support levels at 0.9500 and 0.9450.

    Read the Squawk
  • Squawk / Friday at 18:04 GMT
    Foreign Hedging - "Another notable trend has been greater FX hedging of EURdenominated investments. Given that FX hedges are typically done over-the-counter, we gauge this dynamic by examining the ETF market. Since the ECB implemented a negative deposit rate, implicitly using EUR as the transmission
    mechanism for monetary policy, foreign investors have
    significantly increased FX-hedged equity investments relative
    to unhedged ones (see Exhibit 6). As long as front-end rates
    trade in the red, foreign investors essentially are paid to
    remove FX risk from their European investments. And
    knowing that the central bank welcomes a significantly weaker
    currency to boost competitiveness and increase imported
    inflation, we expect this hedging to continue." in THE EURO IMITATION GAME by Morgan Stanley (FX Pulse - )
    Read the Squawk
  • 8h
    donal wislow donal wislow
    This comment has been redacted
  • Article / Friday at 15:05 GMT

    No inflation? No problem

    Managing Partner / Spotlight Ideas
    United Kingdom
    No inflation? No problem
    US GDP growth may have fallen short of expectations and CPI readings may signal deflation, but the American economy is fundamentally strong. A deeper look into the statistics, including into energy trends and Core CPI readings, makes this quite clear.
    Read the article
    donal wislow donal wislow
    This comment has been redacted
  • Squawk / Friday at 14:54 GMT
    Head of Macro Strategy / Saxo Bank
    Chicago PMI drops sharply in February to 5-year low:

    Consensus had looked for a small decline to 58 in February from 59.4 in January, but instead the Chicago PMI surprised everybody with a plunge to just 45.8, the lowest print since mid-2009.

    S&P 500 is down 0.2% on the news.

    The ISM manufacturing report will be released on Monday.
    Read the Squawk
    Mads Koefoed Mads Koefoed
    University of Michigan consumer confidence is revised up in the final February report to 95.4 from 93.6. Still a decline from January's 98.1.
  • Trade view / Friday at 13:54 GMT
    Medium term

    Lululemon coils up for a big move

    Trader /
    United States
    Shares of Canadian athletic clothing maker lululemon athletica (LULU:xnas) rallied sharply since last October but since late January have largely traded in a tight consolidation range. This healthy price action could soon see the stock release higher again, allowing active traders and investors to hop on board.
    Read the Trade View
    donal wislow donal wislow
    This comment has been redacted
    donal wislow donal wislow
    This comment has been redacted
  • Squawk / Friday at 13:49 GMT
    Senior Equity Trader / Saxo Bank
    Volkswagen operatin profit €12,7B vs €12,5Be
    Read the Squawk
    Jens_Black Jens_Black
    stock is down 0,5% or close to €5 after the results
    Jens_Black Jens_Black
    Now down almost 2%
    Waheed786 Waheed786
    Will it kill Dax?