Managing Director, MTS Research

Peter Beuttell

Managing Director

MTS Research

MTS Research Limited is an independent investment research company specialising in technical analysis. 

MTS Research provides technical analysis services in the form of regular publications and consultancy advice, catering for a number of different investment approaches from absolute or relative returns to long-only and long/short.  The company has a global client base of blue-chip financial institutions ranging in size and stretching from Los Angeles to Tokyo, via New York, London, Frankfurt and Hong Kong.  

MTS was founded in 1989 at the request of Morgan Grenfell Investment Services Limited (MGIS), the ERISA arm of Morgan Grenfell Asset Management (subsequently Deutsche Asset Management), by Peter Beuttell, a Portfolio Manager at MGIS between 1987 and 1989. 

Peter is a qualified Chartered Accountant and self-taught market technician with over 30 years experience.  At MGIS, Peter managed money in European, Australasian and Far East markets for US clients, such as American Airlines and American Petrofina.  He achieved first quartile perfomance on their behalf by blending fundamental and technical analysis in his investment decision-making.  

After an initial focus on the EAFE markets (Europe, Australasia and Far East), the company has recently expanded its coverage to include the Americas, thanks to the recently-completed two-year Knowledge Transfer Partnership with the University of Plymouth.  The resulting software – the Technical Overlay Program (TOP) – allows fund managers to access an immediate Technical view on any market, sector, stock, bond yield, currency or commodity within their selected universe.

MTS Research consists of a team of five based in Penzance and London. 

Technical Analysis

This month we are turning bullish on the Dollar.  The main conclusions are:<ul><li>The Dollar Index had achieved almost all we expected of it on the downside last month, but there was still conflict in the signals. It had produced the minimum pattern needed to end the 5-wave decline from the 2017 high, its initial rally and correction off the Q1 low both had bullish shapes.  Since then a base-like pattern below 91.00 has begun to break upwards, targeting 93.70 minimum.  In practice, that means a retest…</li></ul>

This month we are turning bullish on the Dollar.  The main conclusions are:The Dollar Index had achieved almost all we expected of it on the downside last month, but there was still conflict in the signals. It had produced the minimum pattern needed to end the 5-wave decline from the 2017 high, its initial rally and correction off the Q1 low both had bullish shapes.  Since then a base-like pattern below 91.00 has begun to break upwards, targeting 93.70 minimum.  In practice, that means a retest…

Emerging Markets Cross-Asset Strategist, Emvest Partners

Guillaume Coutant

Emerging Markets Cross-Asset Strategist

Cross-Asset Emerging Markets Technical Research

Emvest Partners

Emvest Partners is the leading independent French financial analyst specializing in Emerging Markets for  Asset Managers, Hedge Funds and Family Offices. The studies provided by Emvest Partners are based on a top-down, cross-asset and relative-value approach of the financial markets. The articulation of macroeconomic analysis and technical analysis improves the consistency of the recommendations, the mitigation of risks of error and a significant improvement in performance.

The US Dollar outlook calls for a USD last push down, with <a href="https://www.smartkarma.com/entities/26018" target="_blank" data-smartkarma-citation="entities:26018:1">U.S. Dollar Index (USDX) (DXY CURNCY)</a> expected to reach 87.10/86.40 and EURUSD 1.2640/1.2770 within the coming weeks.South Africa rates outlook calls for further bullish flattening of the curve, expecting 5y and 10y to be received with a 10bps flattening on the curve.<a href="https://www.smartkarma.com/entities/24169" target="_blank" data-smartkarma-citation="entities:24169:1">Zar (USDZAR CURNCY)</a> consolidation started in 2016 is not over yet and needs one last 7-9% push down as long as 12.30 remains resistance to reach 11.50 at first then shape…

The US Dollar outlook calls for a USD last push down, with U.S. Dollar Index (USDX) (DXY CURNCY) expected to reach 87.10/86.40 and EURUSD 1.2640/1.2770 within the coming weeks.South Africa rates outlook calls for further bullish flattening of the curve, expecting 5y and 10y to be received with a 10bps flattening on the curve.Zar (USDZAR CURNCY) consolidation started in 2016 is not over yet and needs one last 7-9% push down as long as 12.30 remains resistance to reach 11.50 at first then shape…

US Dollar, Euro, Sterling, Yen crosses - summary of conclusions: <ul><li>The Dollar Index has achieved almost all we expected of it on the downside, but there is still conflict in the signals. It has produced the minimum pattern needed to end the 5-wave decline from the 2017 high, and its initial rally off the recent low was a 5-waver. However, that is not automatically bullish, and there was almost no bullish divergence in the daily indicators at the low, although the medium-term indicators have…</li></ul>

US Dollar, Euro, Sterling, Yen crosses - summary of conclusions: The Dollar Index has achieved almost all we expected of it on the downside, but there is still conflict in the signals. It has produced the minimum pattern needed to end the 5-wave decline from the 2017 high, and its initial rally off the recent low was a 5-waver. However, that is not automatically bullish, and there was almost no bullish divergence in the daily indicators at the low, although the medium-term indicators have…

<h2>US DOLLAR INDEX (DXY) / EURUSD: expecting new USD lows to be printed</h2><ul>
<li>
<a href="https://www.smartkarma.com/entities/26018" target="_blank" data-smartkarma-citation="entities:26018:1">U.S. Dollar Index (USDX) (DXY CURNCY)</a> is in a bearish trend since the beginning of 2017, illustrated by the descending line resistance at 91.00 and the 55-day MA capping the market.</li>
<li>Mathematical indicators are back at resistance which suggest a new drop. <figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/047/823/original/DXY%20Curncy%20%28DOLLAR%20INDEX%20SPOT%29%20T%202018-03-19%2015-31-16.png?1521618760" class="editor-image img-responsive" data-smartkarma-image-id="47823"></figure>
</li>
</ul><ul>
<li>EURUSD remains clearly above its ascending trendline and 55-day MA support at 1.2220/1.2170.</li>
<li>The surpassing of 1.2380 would confirm the rise towards 1.2540 and new highs at…</li>
</ul>

US DOLLAR INDEX (DXY) / EURUSD: expecting new USD lows to be printed

U.S. Dollar Index (USDX) (DXY CURNCY) is in a bearish trend since the beginning of 2017, illustrated by the descending line resistance at 91.00 and the 55-day MA capping the market.
Mathematical indicators are back at resistance which suggest a new drop. 


EURUSD remains clearly above its ascending trendline and 55-day MA support at 1.2220/1.2170.
The surpassing of 1.2380 would confirm the rise towards 1.2540 and new highs at…


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. 

USD downside momentum and conviction has tapered off with the prospect of higher yields down the road but recent weakness has been more about USD outflows. Our cycle work is leaning to a final bout of USD weakness into our DXY 87 turn target zone that would act as a key turning point for the dollar.We have a key line in the sand for the 10yr yield at 3% above which would start to lend support for a USD bottom. The current yield posture implies we waffle within a correction falling wedge pattern…

USD downside momentum and conviction has tapered off with the prospect of higher yields down the road but recent weakness has been more about USD outflows. Our cycle work is leaning to a final bout of USD weakness into our DXY 87 turn target zone that would act as a key turning point for the dollar.We have a key line in the sand for the 10yr yield at 3% above which would start to lend support for a USD bottom. The current yield posture implies we waffle within a correction falling wedge pattern…

United States

The U.S. Dollar Index(USDX) indicates the general int'l value of the USD. The USDX does this by averaging the exchange rates between the USD and major world currencies. The ICE US computes this by using the rates supplied by some 500 banks. FOR REAL TIME SEE EIS ICEA<GO>.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Dollar Index (DXY CURNCY)

US Dollar: Monthly Currency Focus

This month we are turning bullish on the Dollar. The main conclusions are: The Dollar Index had achieved almost all we expected of it on the...

Peter Beuttell

USDZAR : Final Drop

The US Dollar outlook calls for a USD last push down, with U.S. Dollar Index (USDX) (DXY CURNCY) expected to reach 87.10/86.40...

Guillaume Coutant

US Dollar: Monthly Currency Focus

US Dollar, Euro, Sterling, Yen crosses - summary of conclusions: The Dollar Index has achieved almost all we expected of it on the downside, but...

Peter Beuttell

US Dollar Last Push Down Before Reversal

US DOLLAR INDEX (DXY) / EURUSD: expecting new USD lows to be printed U.S. Dollar Index (USDX) (DXY CURNCY) is in a bearish trend since the...

Guillaume Coutant

USD Major Cycle Low in Sight

USD downside momentum and conviction has tapered off with the prospect of higher yields down the road but recent weakness has been more about USD...

Thomas Schroeder

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)