Founder & Chief Market Strategist - SAV Markets, SAV Markets

Shyam Devani

Shyam Devani provides key market commentary encompassing analysis of Foreign Exchange, Fixed Income, Commodities, and Equities globally – both in G10 and Local Markets. He takes a multi asset class approach incorporating fundamental, behavioural, and historical trends as well as technical signals.

Shyam has delivered strategic market insights to a number of trading desks and institutional clients internationally (funds/corporates/banks) through written publications, presentations, face to face meetings and conferences. He has had numerous appearances on CNBC, Bloomberg, and Singapore Radio providing his short and medium term views on markets while being the front office media commentator during his time at Citi.

He has been commentating on financial markets since 2004. Since 2006, he was running one of Citi’s top market products, CitiFXTechnicals, initially in London followed by Singapore where he took a lead role in enhancing the coverage of markets in Asia.

Founder & Chief Market Strategist - SAV Markets

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Provide Comprehensive Analysis & Commentary

SAV Markets

SAV Markets aims to provide comprehensive analysis & commentary on foreign exchange and asset markets. The approach is multi asset as markets are typically interlinked. Cause and effect are always at work, even if those effects take time to manifest. As nothing is permanent we strive to get ahead of the curve in an ever changing world.

Cross Asset Strategy

<ul>
<li>The rebound on the Dow Jones Industrial Average over the past several weeks has been impressive, as is the case with other US stock market indices</li>
<li>However, when we zoom out and measure it in the proper manner against Gold with an historical lens, a different image emerges</li>
<li>Overall, the picture on this Spooky Chart –Dow/Gold Ratio– still warns of another low over the coming 1-2 months i.e. a move in favour of Gold and against stocks</li>
</ul>


The rebound on the Dow Jones Industrial Average over the past several weeks has been impressive, as is the case with other US stock market indices
However, when we zoom out and measure it in the proper manner against Gold with an historical lens, a different image emerges
Overall, the picture on this Spooky Chart –Dow/Gold Ratio– still warns of another low over the coming 1-2 months i.e. a move in favour of Gold and against stocks


Dow Jones Industrial Average (INDU INDEX)

Spooky Chart Update III - Dow/Gold: The Next Low Ahead