Weekly Technical Analysis –“Bullion Buy The Dips” 3rd Feb15

European equities have a strong monetary tailwind for now. Unlike the Yen and US$ quantitative move the euro has debased prior to the commencement of the euro OMT program which commences in March. This effectively creates an even warmer tailwind to euro equities especially exporters though from a macro perspective how long this can sustain remain to be seen via US and German trade balances.

Here below please find this week’s major releases:

First up the Swiss team with their usual excellent weekly technical update. “Gold buy the dips”.

Wklytech-2-2-15

And here Fitzpatrick with his usual weekly update:

cb-wlyteh-30-1-15

And here GS with their weekly technical perspective:

gs-wktech-29-2-15

And here CS with their own technical chart update:

cs-charts-1-2-15

And here CS wiith their macro trades update:

cs-macrotrades-30-1-15

And here ML with a solar view:

ML-solar-jan15

And here a couple of ML reports on energy:

ml-energy-jan15

ml-oil-jan15

And here a couple of macro updates:

jp-macro-1-2-15

RBC-marcro-1-2-15

And here on seasonality:

RBC-seasonality-jan29-15

And here JP on flows:

JP-Flow-1-2-15

Here MS with their regular FX weekly:

ms-fx-30-2-15

And here ML with their FX 2015 trades..  Note the AUDUSD has already reached her target in 4 weeks.

ML-FX2015

And here ML with a US equity view of the consumer discretionary sector:

ml-usequity15

The long euro equity funded with euro cash has been the trade over the last week or so. The problem with the trade is volatility but for now the gr-exist has an air optimism founded on little substance but this is enough for now.

I’m traveling across Asia for the next few weeks but i’ll be updating as usual.

All the best

Rich