Multi-asset Macro/Emerging Markets Strategist

Virgil Fernandez Esguerra

Thematic (Sector/Industry)

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<p><strong>Executive summary</strong>: Our guide to this week’s global macro risk events and trading opportunities. </p>
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<strong>This week in trade ideas</strong>, we are tactically long S&amp;P volatility and short EUR-JPY. On a strategic basis, we are long German DAX and Malaysian equities, while short Brazilian stocks and US Treasuries.</li>
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<strong>Monday</strong>: Markets will begin the week digesting weekend events in Washington (government shutdown talks), Germany (SPD convention) and possibly Oman (OPEC-Russia meeting).</li>
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<strong>Tuesday</strong> brings the BOJ meeting and…</li>
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Executive summary: Our guide to this week’s global macro risk events and trading opportunities. 


This week in trade ideas, we are tactically long S&amp;P volatility and short EUR-JPY. On a strategic basis, we are long German DAX and Malaysian equities, while short Brazilian stocks and US Treasuries.

Monday: Markets will begin the week digesting weekend events in Washington (government shutdown talks), Germany (SPD convention) and possibly Oman (OPEC-Russia meeting).

Tuesday brings the BOJ meeting and…



Week Ahead in Global Macro: US Shutdown, Germany SPD, BOJ, ECB, Malaysia BNM, Brazil Lula in Court

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<div><strong>Chartonics</strong></div><p>Saturday 15 July 2017</p><div><strong>S&amp;P update</strong></div><p>To view click on this link: <strong><a href="https://www.screencast.com/t/Ayual8S3VPPY" target="_blank" data-saferedirecturl="https://www.google.com/url?hl=en&amp;q=https://www.screencast.com/t/Ayual8S3VPPY&amp;source=gmail&amp;ust=1500227263058000&amp;usg=AFQjCNGlam5gnKujiQ7mwoHihA8YIdJAQA">https://www.screencast.com/t/Ayual8S3VPPY</a> </strong>12:56 min.</p><div>
<figure class="editor-figure mceNonEditable"><img class="editor-image img-responsive" src="https://static-prod.smartkarma.com/images/media/000/029/800/original/CPG%20INSERT.png?1500140956" data-smartkarma-image-id="29800"></figure><div class="content-caption">Equity webcast</div>
<p><strong>S&amp;P</strong> - Rise into our 2,440-60 turn zone. Given momentum we have yet to pull the trigger on any short in the S&amp;P but now looking for a minor new high near 2,460 to reduce S&amp;P exposure. If we clear 2,460 it does open the way to an extension to 2,515 that would need core sectors firing on all cylinders (banks/transports and tech).</p>
</div><div>Sectors we like near term are XLV…</div>

ChartonicsSaturday 15 July 2017S&amp;P updateTo view click on this link: https://www.screencast.com/t/Ayual8S3VPPY 12:56 min.
Equity webcast
S&amp;P - Rise into our 2,440-60 turn zone. Given momentum we have yet to pull the trigger on any short in the S&amp;P but now looking for a minor new high near 2,460 to reduce S&amp;P exposure. If we clear 2,460 it does open the way to an extension to 2,515 that would need core sectors firing on all cylinders (banks/transports and tech).
Sectors we like near term are XLV…

US Rotation, EEM 44 and DXY 94.50 Inflection

Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

<p>The ECB may start tapering its bond purchases (currently at 60 billion Euro per month) later on this year, probably in September.</p><p>With official US rates currently at 1.25% (and anticipated to raise further) and the Fed expected to begin winding down its $4.5 trillion bond holdings later on this year, the upcoming tightening of monetary conditions may not be good news for stock markets, whose demand has been fuelled by years of low yielding fixed income assets product of quantitative easing by…</p>

The ECB may start tapering its bond purchases (currently at 60 billion Euro per month) later on this year, probably in September.With official US rates currently at 1.25% (and anticipated to raise further) and the Fed expected to begin winding down its $4.5 trillion bond holdings later on this year, the upcoming tightening of monetary conditions may not be good news for stock markets, whose demand has been fuelled by years of low yielding fixed income assets product of quantitative easing by…

European Equities - Good News Thanks to Inflation & Growth

<h2><strong>Escaping the fiscal straitjacket</strong></h2><p>A common monetary policy without fiscal union has shown its limits in the Eurozone since the aftermath of the last financial crisis.</p><p>As nominal foreign exchange rates in the region cannot adjust individually, but are fixed to the Euro instead, the burden of adjustments to any country’s crisis in international payments shifts from the depreciation of its exchange rate to a downward adjustment of price and wage levels, forcing lengthy and painful corrections.</p><p>As we…</p>

Escaping the fiscal straitjacketA common monetary policy without fiscal union has shown its limits in the Eurozone since the aftermath of the last financial crisis.As nominal foreign exchange rates in the region cannot adjust individually, but are fixed to the Euro instead, the burden of adjustments to any country’s crisis in international payments shifts from the depreciation of its exchange rate to a downward adjustment of price and wage levels, forcing lengthy and painful corrections.As we…

Can Securitization Fix Europe's North / South Imbalance

Public Relations and Social Media Manager, Dechert LLP

Peggy Heffner

Public Relations and Social Media Manager

Dechert is a global specialist law firm

Dechert LLP

Dechert is a global specialist law firm.
Focused on sectors with the greatest complexities, legal intricacies and highest regulatory demands, we excel in delivering practical commercial judgment and deep legal expertise for high-stakes matters.

Our work is widely recognized. We have 20 standout practices noted by Chambers Global, including global-wide rankings for arbitration, corporate investigations, anti-corruption, investment funds and life sciences. Named Antitrust Team of the Year, Chambers USA commends our “accomplished group” as “routinely sought after to handle some of the most significant litigation and transactions in the antitrust world.” 

In an increasingly challenging environment, clients look to us to serve them in ways that are faster, sharper and leaner without compromising excellence. We developed a first-of-its kind legal project management department, which uses technology, people and processes to drive efficiency and deliver value for our clients.

We are innovators. Dechert ranked #7 in the Financial Times’ Top North American Innovative Law Firms. Financial Times also recognizes us among the Top European Innovative Law Firms and highly commends World Compass, our marketing compliance service, which offers investment firms advice in more than 100 jurisdictions.

<p>The UK Government today formally triggered the process of leaving the EU by invoking Article 50 of the Treaty on European Union. How are the negotiations likely to affect your business? Defining your priorities, developing concrete proposals, communicating these to influencers and decision-makers, and planning for different potential outcomes are all now critical.</p>

The UK Government today formally triggered the process of leaving the EU by invoking Article 50 of the Treaty on European Union. How are the negotiations likely to affect your business? Defining your priorities, developing concrete proposals, communicating these to influencers and decision-makers, and planning for different potential outcomes are all now critical.

Brexit: Article 50 Triggered. A Legal Update from Dechert's International Trade and EU Law Team

Germany

iShares MSCI Germany ETF is an exchange-traded fund incorporated in the USA. The ETF's objective seeks to provide investment results that correspond to the performance of publicly traded securities in the German market, as measured by the MSCI Germany Index.

ishares msci germany etf (EWG US)

Week Ahead in Global Macro: US Shutdown, Germany SPD, BOJ, ECB, Malaysia BNM, Brazil Lula in Court

Executive summary: Our guide to this week’s global macro risk events and trading opportunities. This week in trade ideas, we are tactically...

Virgil Fernandez Esguerra

US Rotation, EEM 44 and DXY 94.50 Inflection

ChartonicsSaturday 15 July 2017S&P updateTo view click on this link: https://www.screencast.com/t/Ayual8S3VPPY 12:56 min. S&P - Rise into...

Thomas Schroeder

European Equities - Good News Thanks to Inflation & Growth

The ECB may start tapering its bond purchases (currently at 60 billion Euro per month) later on this year, probably in September.With official US...

Pelham Smithers Associates

Can Securitization Fix Europe's North / South Imbalance

Escaping the fiscal straitjacketA common monetary policy without fiscal union has shown its limits in the Eurozone since the aftermath of the last...

Pelham Smithers Associates

Brexit: Article 50 Triggered. A Legal Update from Dechert's International Trade and EU Law Team

The UK Government today formally triggered the process of leaving the EU by invoking Article 50 of the Treaty on European Union. How are the...

Dechert LLP