Trading strategy
Intraday mean-reversion trades using overbought/sold technical signals, pattern recognition


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Write a Squawk to Logich
  • 20h
    Fashionapolis Fashionapolis
    i am long on gbpjpy already :) uk gdp n us gdp shld be gd. And then with jpy weakening
    FBT431 FBT431
  • Squawk / Friday at 8:39 GMT
    Head of FX Strategy / Saxo Bank
    Euro rallies again on strong France and Germany flash March PMI's. The flash Markit Services PMI leapt all the way to 58.5 for the preliminary March reading, handily beating expectations and reaching the highest level in nearly six years, while the manufacturing PMI also beat with a 53.4 reading, just below multi-year from January. Germany's numbers were equally strong, with the Manufacturing PMI reading at 58.3, the highest since 2011, and the services PMI at a respectable 55.6. The Euro Zone wide flash PMI's are also up shortly and likely to show similar tendencies - offering the Euro broad support as we look for an eventual ECB taper and start to price in rate hikes for early next year.
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  • Squawk / 22 March 2017 at 14:49 GMT
    Head of Commodity Strategy / Saxo Bank
    US crude oil inventories rose by 5m barrels to a new record last week. Distillate and gasoline both dropped in line with expectations. The inventory rise was driven by increased imports, especially from Saudi Arabia, Kuwait and Iraq. The average import from these Opec producers showing no signs of slowing y-t-d.
    Production rose by 20k b/d while refinery demand rose by more than expected on solid refinery margins.
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    22 March
    Ole Hansen Ole Hansen
    More supply: Reuters reports that Libya's production has returned to 700k b/d and the NOC Chairman say they are hoping to reach 1.1m b/d by August
  • Squawk / 22 March 2017 at 14:33 GMT
    Head of Commodity Strategy / Saxo Bank
    US crude oil inventories rose by 5 m barrels last week primarily due to a 900k b/d pick up in imports. This was more than expected while gasoline and distillates both dropped in line with expectations. Production rose 20k b/d. Brent and WTI both hit a new low for the day
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  • 20 March
    Logich Logich
    Ole S. Hansen, what is your thought on Coffee fundamentally short to midterm, please? - It´s been highlighted technical in Macro Monday Call this morning as...
  • 17 March
    Cecio Contrarian Cecio Contrarian
    17 March
    Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
    yes... hate big figures
  • Squawk / 17 March 2017 at 14:41 GMT
    Head of FX Strategy / Saxo Bank
    JPY on the move. The Japanese yen has risen as US yields have dropped and on a bit of noise from Japanese officialdom as we have a G20 finance ministers summit today and tomorrow. US Treasury Secretary Mnuchin and Japan Finance Minister Aso have been speaking together today, if producing a few statements from Aso (Aso stated that he told Mnuchin that he is against protectionism but that the two didn't discuss "current FX market" but did have a fruitful discussion on FX...okay). Just now, we have Japan Prime Minister Kuroda saying that the G20 will pay close attention to what Mnuchin says.

    If feels like the market is a bit nervous of the risk of statements in late trading today from Mnuchin or possibly over the weekend.
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  • Squawk / 15 March 2017 at 8:15 GMT
    Head of Commodity Strategy / Saxo Bank
    Crude oil made a dramatic V-shaped recovery yesterday following Saudi comments that rising oil production in February went into storage. This was followed by the API which reported a surprise 0.5 million barrel inventory draw last week.
    Today's EIA report at 14:30 GMT will be crucial with regards to the short term direction. Surveys point to a 3 million barrel inventory rise and a rise of that magnitude carries the risk of sending oil straight back down again. Before then the IEA will release its monthly report at 9:00 GMT
    Open interest on WTI crude oil futures have spiked during the past week, indicating increased short-selling.
    WTI crude oil has bounced of $47.18/b, the technical important 61.8% retracement of the November to January rally while Brent crude oil found support at $50/b which is also the trend line from the 2016 low.
    Additional consolidation above the 200-day moving average on CLJ7 could see it return to $50.25/b
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    15 March
    Market Predator Market Predator
    Hello Ole, nice. Yesterday action of Saudi is clear sign that Opec cartel is NOT working.
    15 March
    A point to also keep in mind is that The OIL Price is set by the NYMEX and Not OPEC .
    15 March
    Agree, and not to forget that the weekly API figures many times have differed from the official EIA figures (sometimes even the API showed a draw, but...
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