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

DXY - Long DXY (as a Euro hedge) from 93.00 (via UUP) with a stop below 92. Corrective rise targets 95.30/50 with scope to 96.50 stemming from Euro short covering. Immediate pivot lies at 94.20/23 and would induce further USD short covering.Two factors that would see accelerated USD short covering are 1) A spike in yield 2) Equity fallout lending support to the USD particularly against Asian and EM FX.Key pivot points for the USD are: 1) T-Note 125.90 is a key pivot for yield 2) USD/JPY 111 for…

DXY - Long DXY (as a Euro hedge) from 93.00 (via UUP) with a stop below 92. Corrective rise targets 95.30/50 with scope to 96.50 stemming from Euro short covering. Immediate pivot lies at 94.20/23 and would induce further USD short covering.Two factors that would see accelerated USD short covering are 1) A spike in yield 2) Equity fallout lending support to the USD particularly against Asian and EM FX.Key pivot points for the USD are: 1) T-Note 125.90 is a key pivot for yield 2) USD/JPY 111 for…

USD Cover Pressure with Weaker EM FX Linked to Equity Peaks

Economist

Richard Iley

Macroeconomics

Reserve Bank of India's (RBI) 6-berth Monetary Policy Committee (MPC) trimmed its key policy rate - the repo rate - by 25bp to 6% as had been largely expected yesterday; its first policy move since last October. But the decision to re-engage with rate cuts however is unlikely to mark the start of a series of further eases. Importantly, the MPC maintained a neutral bias after the decision, indicating no tilt to policy moving forward. Notably, the MPC is increasingly divided. Ravindra Dholakia -…

Reserve Bank of India's (RBI) 6-berth Monetary Policy Committee (MPC) trimmed its key policy rate - the repo rate - by 25bp to 6% as had been largely expected yesterday; its first policy move since last October. But the decision to re-engage with rate cuts however is unlikely to mark the start of a series of further eases. Importantly, the MPC maintained a neutral bias after the decision, indicating no tilt to policy moving forward. Notably, the MPC is increasingly divided. Ravindra Dholakia -…

Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

Chief Economist & Political Strategist

REAL-Economics.com

-Although the RBI is likely to admit its policy error and cut its policy rate by 25bp on 2nd August, the MPC will still be behind the curve (as inflation is far below its "4% YoY in the next 5 years" target). With inflation at record lows and industrial growth desultory, India needs a 50bp cut now, but is unlikely to get it. -The sharp widening in the trade deficit over the past half-year (with imports surging despite the absence of any rebound in domestic demand) suggests that the rupee has…

-Although the RBI is likely to admit its policy error and cut its policy rate by 25bp on 2nd August, the MPC will still be behind the curve (as inflation is far below its "4% YoY in the next 5 years" target). With inflation at record lows and industrial growth desultory, India needs a 50bp cut now, but is unlikely to get it. -The sharp widening in the trade deficit over the past half-year (with imports surging despite the absence of any rebound in domestic demand) suggests that the rupee has…

India: Cyclical Downturn Is Getting Worse as the RBI Sleeps; the Rupee Needs to Depreciate

June's record low CPI print of 1.59% y/y will further ratchet up the pressure on the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) to deliver a 25bp rate cut at its August 2nd Policy Review. Despite one MPC member dissenting at the last MPC meeting, the bar for any additional policy ease is high with the three RBI 'insiders' on the MPC chiming a decidedly hawkish note in the minutes from that meeting. Benign as the June CPI report is, it is no smoking gun for a rate cut…

June's record low CPI print of 1.59% y/y will further ratchet up the pressure on the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) to deliver a 25bp rate cut at its August 2nd Policy Review. Despite one MPC member dissenting at the last MPC meeting, the bar for any additional policy ease is high with the three RBI 'insiders' on the MPC chiming a decidedly hawkish note in the minutes from that meeting. Benign as the June CPI report is, it is no smoking gun for a rate cut…

At the stroke of midnight on 1st July, India finally became an effective single market with the long-awaited introduction of the Goods and Sales Tax (GST). The importance of the moment should not be underestimated. Without a doubt, it is the single biggest tax reform in India's almost seventy-year history since independence.The NDA government is keenly alive to the historic nature of the reform, <a href="http://www.ndtv.com/india-news/live-gst-launch-2017-government-to-rollout-the-biggest-tax-reform-at-midnight-1718823" target="_blank">holding a midnight ceremony that aped Jawaharlal Nehru's 'tryst with destiny' speech on the eve of</a>…

At the stroke of midnight on 1st July, India finally became an effective single market with the long-awaited introduction of the Goods and Sales Tax (GST). The importance of the moment should not be underestimated. Without a doubt, it is the single biggest tax reform in India's almost seventy-year history since independence.The NDA government is keenly alive to the historic nature of the reform, holding a midnight ceremony that aped Jawaharlal Nehru's 'tryst with destiny' speech on the eve of…

India

The Indian rupee is the official currency of India. 

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INR (USDINR CURNCY)

USD Cover Pressure with Weaker EM FX Linked to Equity Peaks

DXY - Long DXY (as a Euro hedge) from 93.00 (via UUP) with a stop below 92. Corrective rise targets 95.30/50 with scope to 96.50 stemming from Euro...

Thomas Schroeder

RBI: Curb Your Enthusiasm

Reserve Bank of India's (RBI) 6-berth Monetary Policy Committee (MPC) trimmed its key policy rate - the repo rate - by 25bp to 6% as had been...

Richard Iley

India: Cyclical Downturn Is Getting Worse as the RBI Sleeps; the Rupee Needs to Depreciate

-Although the RBI is likely to admit its policy error and cut its policy rate by 25bp on 2nd August, the MPC will still be behind the curve (as...

Prasenjit K. Basu

RBI: Rate Cut Door Ajar

June's record low CPI print of 1.59% y/y will further ratchet up the pressure on the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC)...

Richard Iley

India: The GST Game-Changer

At the stroke of midnight on 1st July, India finally became an effective single market with the long-awaited introduction of the Goods and Sales...

Richard Iley

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