Sam_Eder

Sam_Eder

Yesterday we expected the Italian 10yr to break back through recent supports, after Conte's initial proposals on immigration, taxes, welfare seem to imply a decisive clash with Brussels. These measures would be good for the population, but EU will not allow them. Further downside is expected and 90.00 is the first target.

Sam_Eder

The Italian Government has started it's fight against Brussels. BTPs are responding and we may see further downside today.

Sam_Eder

The tech sector continues to outperform. While superficial reasons don't do this trend justice, we may speculate that it has to do with flows exiting Europe (where political issues and internal problems are causing havoc) to the USA (where companies are prone to benefit from Tax cuts and the political situation is more stable).

Sam_Eder

Conte's League/MS5 Government would win a vote of confidence today. A clash with Brussels is only a matter of time. Markets a little nervous. A breach of key supports would open up the downside again.

Sam_Eder

Our bearish call on Crude Oil is being proven correct as prices push through yesterday's lows and head towards 64.00. Immediate resistance is 65.00/20 zone.

Sam_Eder

AudUsd currently pulling back, looking for support. Here are some levels to watch.

Sam_Eder

US stocks continue to shrug off trade fears for the time being. Nasdaq is the leader and is continuing it's ascent. Trail stops appropriately, and hold for further gains.

Sam_Eder

Trading the USD will prove tricky in current conditions. DXY is looking for direction within it's current 93.75-94.50 range, despite being in a broader uptrend. Traders beware.

Sam_Eder

A mix of fundamental influences has Crude oil biased short still, after last week's close below 66.00.

Sam_Eder

There are no fundamental drivers at play yet, but GBP seems like it's trying to find a base. One for the watchlist, that may become interesting as the week progresses.

Sam_Eder

We're back on EurAud shorts as fundamental developments seems to favour Aussie strength. We are currently transacting 5300/20 support zone, so our preferred stance is to use pullbacks to get aboard for a move towards 5250 initially.

Sam_Eder

We were looking for a Long stance in Nasdaq last week and the market obliged. The main support zone has been trailed as we have reached our 7100 main target. Risk-on sentiment driven by Non-Farm Payrolls has been supportive of this trade.

Sam_Eder

Recent fundamental developments (risk-on sentiment inspired by NFP, better local Retail Sales) have boosted Aussie back onto our radar as it breaks through previous resistances. We like playing it on pullbacks, at least until the trade tensions come back into focus.

Sam_Eder

A series of fundamental developments have boosted Aussie onto our radar. We see potential further strength so long as the trade tensions don't surface. Reminder: RBA due tomorrow although no change is expected.

Sam_Eder

Most retail traders jump in the market at exactly the wrong moments. Here is our reasoning on why NFP should be avoided.

Sam_Eder

NZDJPY has created a busted breakout from a key support zone. The main appeal of this trade is the keen risk:reward it presents.

Sam_Eder

GBP is the weakest currency going into month-end. Coupled with strong CAD after the Bank of Canada's hawkish statement yesterday, there is further downside potential if we can get through 1.7100.

Sam_Eder

With Crude Oil stabilizing, Italy's Technocrat Cottarelli extending a hand to MS5 and Lega, US/NKorea meeting today and G7 starting in Whistler, the market has calmed down and risk assets have been bought overnight. There is potential for a breakout through yesterday's high and 7000 again in Nasdaq.