Chinese equity markets opened back up today with a huge gap down pushing our shorts close to our buyside liquidity targets. Our shorts remain comfortably in profit ~ +3.50%. We expect a fade and continuation lower. We have taken some partial profits here and will begin scaling in on a correction and more favourable price. Our last update
The Bitcoin bull leg has begun with price pushing higher as indicated in our last update. Our buys are now sitting up a healthy +1.75%. We will continue to provide commentary as price develops further toward our $20k buyside target. Note: Monthly timeframe is looking promising for a strong leg higher. We continue to buy strategic levels on pullbacks during...
We see opportunity for sellside opportunities across the S&P 500, however remain cautiously optimistic for a correction to push higher. We remain net short on ES however will look to load into call options on the way down, initially as a hedge however may build on a buyside bias on technical confirmation. We'd like to t hank all of the support received so far ...
Traders & Investors! The Norwegian krone currently offers the prospect of serious value as markets fail to price solid economic performance against the backdrop of hawkish monetary stimulus. Reasons currently include discounts in exportation pricing due to selloff's in Oil, Natural Gas & Salmon prices. We remain optimistic on a rebound in these markets and as...
Traders & Investors! Our AUD shorts are running smoothly as predicted following The Australian Dollar continues to see deterioration in the local currency as it experiences pressure from easing monetary stimulus and the prospect of future QE. We anticipate flow on effects including slowing growth and consumer spending subsequent to the bushfire crisis....
Traders & Investors! Our shorts (longs of ZN1! Futures) of the US10Y yield are playing out as expected on the the retest and breakdown of the corrective leg structure. We now watch closely for price to hit our buyside liquidity targets where we intend to close out exposure across both our macro and directional portfolios. Our last update ...
Traders & Investors! The VIX has now confirmed a break higher in implied volatility, which confirms our viewed of impending escalated moves in the S&P/ES1! and USDJPY markets. Our last VIX update Our last USDJPY update We will begin adding additional exposure across these markets in line with our current sellside bias. ------------------------- We...
Traders & Investors! What an opportunity. Natural Gas Futures approaching 2016 lows and key buyside liquidity zone with record short interest (250k contracts) (only 26% of hedge funds long with total shorts increasing 10 weeks in a row) begging for a short squeeze and covering from here. We see increased reversal risk approaching and great asymmetric...
Traders & Investors! Our bullish bet on USDCAD has commenced well with risk off sentiment combined with a dovish BoC driving the market higher. We remain moderately positioned on the buyside and continue to monitor technical indicators for conviction higher into our buyside targets. Ideally we would like to see some solid conviction through the 200 Daily Moving...
Traders & Investors! Yet another opportunity to leverage the Coronavirus theme out of China. We anticipate flow on effects of lacklustre industrial demand for the precious metal through to Silver importation through EM Asia/China resulting in a sell off. Technicals are lining up for favourable entries across the board. We have added sellside exposure across...
Traders & Investors! Our first trade of the year has just played out as anticipated, calling a crude bear run following the de-escalations in US/Iran tensions, record supply numbers out of the EIS/API and technical sensitivities positioned to the downside. We have added approximately +18.50% to our directional portfolios and macro allocations in the space of...
Traders & Investors! We are now looking at potential buying opportunities in the US Dollar playing the risk aversion theme on a short-medium term basis. Bids should remain supported by flows out of Asia into safe haven bets driving demand for similar markets such as Gold and Yen. Our view - Bids to remain supported amidst risk aversion as flow shifts to safe...
Traders & Investors! Short, short, short. Chinese viral outbreak fuels the technical fire Chinese equities sought in relation to it's recent selloff. We see this move as only the beginning of larger selloff toward $2,600. We have positioned ourselves accordingly and see SSE as the best vessel for this view. We have also coupled this view via additional put...
Traders & Investors! We are now looking at potential opportunities across MYR crosses following the unexpected BNM easing yesterday when key rates were cut 0.25% in response to slowing domestic growth, trade uncertainty and continued geopolitical risks Our view - Markets to re price 0.25% rate cut, finding buyside liquidity on RM4.05xx floor - Downside risks...
Traders & Investors! We are happy to announce in addition to our Weekly Macro Outlook, Analysis & Market Commentary our new trade idea series "Swing Sessions" . This series is managed by our Proprietary Trading Desk offering pure technically based, daily market commentary across major financial markets. This daily market commentary will offer greater insight...
With a bull run well underway, we remain positioned heavily long from the break of the last corrective leg. - Sensitivities remain positioned to the upside from here and a last extension into sellside liquidity around $1,750 - $1,800. - Earnings season may provide final catalyst for supportive bids and buyside demand from here We've continued to add buyside...
We see many compelling reasons to load up on Bitcoin futures. We will be actively tracking the impulsive leg up to our target of $20,000. Our view - Bakkt platform daily futures volume hit all-time high during November 2019 - Exchange-traded bitcoin options launched Monday on the Chicago Mercantile Exchange - Increased institutional flow should support next...
Area of interest here for selling opportunities if we see a push up into 1.315xx