Commodity currency: The good, the bad and the ugly

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

<ul>
<li>Bias/Focus: AUD short (and NZD), Euro maturing wedge. USD/JPY long from 130 (policy push). USD/ZAR bull. Sterling long from 1.2450 gaining traction.</li>
<li>Commodity currencies and the USD/JPY have been our USD positive bets hidden within the DXY slide. Within EM, USD/ZAR is out top USD long theme. </li>
<li>The USD/KRW has been the weak performer within Asia outlined some fairly clear USD divisions. USD/SGD macro support at 1.32/31 is compelling.</li>
</ul>


Bias/Focus: AUD short (and NZD), Euro maturing wedge. USD/JPY long from 130 (policy push). USD/ZAR bull. Sterling long from 1.2450 gaining traction.
Commodity currencies and the USD/JPY have been our USD positive bets hidden within the DXY slide. Within EM, USD/ZAR is out top USD long theme. 
The USD/KRW has been the weak performer within Asia outlined some fairly clear USD divisions. USD/SGD macro support at 1.32/31 is compelling.


GBP

USD Long and Short Positioning