Asia biased macro & technical analysis, Untying The Gordian Knot

Untying The Gordian Knot

Asia biased macro & technical analysis

A differentiated process with a primary focus on Asia. Technical Analysis as core and Macro drivers that could bring the view to fruition & changes that could make the idea fall apart. The objective is to be the best in class, hence corner shop.

Macroeconomics

<ul><li>Equity: It's noteworthy that the Japan Index performance is gaining significant attention across several notable platforms, including CNBC and Chinese Wealth Management magazine.</li><li>The assets of ETFs listed on Chinese exchanges that track Nikkei 225 doubled in May.</li><li>It's also essential to highlight Overseas investors bought a net JPY 2.7 trillion (USD19.3 billion) in May in Japanese equities/funds with the uptrend in equity prices, recording another month of heavy buying and taking YTD net inflows to JPY 4.1 trillion(USD 29.4 billion), which is quite remarkable.</li></ul>

Equity: It's noteworthy that the Japan Index performance is gaining significant attention across several notable platforms, including CNBC and Chinese Wealth Management magazine.The assets of ETFs listed on Chinese exchanges that track Nikkei 225 doubled in May.It's also essential to highlight Overseas investors bought a net JPY 2.7 trillion (USD19.3 billion) in May in Japanese equities/funds with the uptrend in equity prices, recording another month of heavy buying and taking YTD net inflows to JPY 4.1 trillion(USD 29.4 billion), which is quite remarkable.

CEO, ByteTree Asset Management

ByteTree Asset Management

Specialising in Bitcoin, Gold and Digital Assets

Investment Manager specialising in bitcoin, gold and digital assets

Cross Asset Strategy

<ul><li>Who’d have thought that the pound, universally ridiculed by the FT’ies (lefties who read the Financial Times), would be on the verge of a 6-year high? Only the Swiss Franc and the Singapore Dollar, both financial safe havens, are ahead of the pound over this post-Brexit period.</li><li>The pound has also been doing well against emerging market currencies, with just the Mexican Peso ahead.</li><li>With consistently high real interest rates (rates above inflation), the Mex has been a standout performer, even ahead of the Swiss Franc.</li></ul>

Who’d have thought that the pound, universally ridiculed by the FT’ies (lefties who read the Financial Times), would be on the verge of a 6-year high? Only the Swiss Franc and the Singapore Dollar, both financial safe havens, are ahead of the pound over this post-Brexit period.The pound has also been doing well against emerging market currencies, with just the Mexican Peso ahead.With consistently high real interest rates (rates above inflation), the Mex has been a standout performer, even ahead of the Swiss Franc.

The British Pound Flirts with a 6-Year High

<div data-attrs='{"url":"https://gordianknot.substack.com/subscribe?","text":"Subscribe"}'><div><form class="subscription-widget-subscribe"><div><ul><li><span style="font-size: var(--content-font-size);">To a 180-degree flip at the End of the Dollar hegemony and reserve system, opinions were pushed aggressively over mainstream CNN, FOX News networks, News Headlines, and fringe opinion makers looking for click baits.</span></li><li>We look at sentiment shift, and is it different from when Dollar peaked in October 2022?</li><li>We cover JPY, CNY, KRW, INR, TWD, AUD, CHF, EUR &amp; GBP charts. We have added equity and rates charts in China, India, and Korea where possible to help corroborate cross-market analysis.</li></ul></div></form></div></div>

To a 180-degree flip at the End of the Dollar hegemony and reserve system, opinions were pushed aggressively over mainstream CNN, FOX News networks, News Headlines, and fringe opinion makers looking for click baits.We look at sentiment shift, and is it different from when Dollar peaked in October 2022?We cover JPY, CNY, KRW, INR, TWD, AUD, CHF, EUR &amp; GBP charts. We have added equity and rates charts in China, India, and Korea where possible to help corroborate cross-market analysis.

<ul><li>We seem to be playing to the Oscar-winning movie title “Everything Everywhere All at Once” in the financial markets.</li><li>Two bank failures in the US, and we go from No Landing to Crash Landing.</li><li>The three days move in 2-year yields was the most significant drop since 1987 and a $ 485 billion loss in banks' market cap.</li></ul>

We seem to be playing to the Oscar-winning movie title “Everything Everywhere All at Once” in the financial markets.Two bank failures in the US, and we go from No Landing to Crash Landing.The three days move in 2-year yields was the most significant drop since 1987 and a $ 485 billion loss in banks' market cap.

Macroeconomic and Investing, The Macro Compass

Alfonso Peccatiello (Alf)

Macroeconomic and Investing

The Macro Compass

Actionable investment ideas and unique global macro insights. From the desk of a former Head of $20 bn Investment Portfolio straight to your inbox.

Actionable Investment Ideas

<ul>
<li>Heading into yesterday’s Fed meeting, the bond market asked a tough question to Powell: do you mean business?</li>
<li>Powell took a ‘’Bad Cop, Good Cop’’ stance: he answered with a firm ‘’Yes’’ at first, and then tried to soften the message during the press conference.</li>
<li>This spurred a relief rally in risk assets, but it won’t last.<br>Bond markets hate half-hearted stances, and they will keep testing the Fed and risk assets until they get what they want: clarity.</li>
</ul>


Heading into yesterday’s Fed meeting, the bond market asked a tough question to Powell: do you mean business?
Powell took a ‘’Bad Cop, Good Cop’’ stance: he answered with a firm ‘’Yes’’ at first, and then tried to soften the message during the press conference.
This spurred a relief rally in risk assets, but it won’t last. Bond markets hate half-hearted stances, and they will keep testing the Fed and risk assets until they get what they want: clarity.


Japan

The Japanese yen is the official currency of Japan. 

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Japan @ Inflexion

It's noteworthy that the Japan Index performance is gaining significant attention across several notable platforms, including CNBC and Chinese...

Untying The Gordian Knot

The British Pound Flirts with a 6-Year High

With consistently high real interest rates (rates above inflation), the Mex has been a standout performer, even ahead of the Swiss Franc.

ByteTree Asset Management

US Dollar is Dead Redux

This note extensively focuses on sentiment as the market is overwhelmed with the Negative Dollar narrative that is mainstream. And it begs the...

Untying The Gordian Knot

Mean Reversion

We seem to be playing to the Oscar-winning movie title “Everything Everywhere All at Once” in the financial markets. Two bank failures in the US,...

Untying The Gordian Knot

Stop Fooling Around, J-Pow

Powell took a ‘’Bad Cop, Good Cop’’ stance: he answered with a firm ‘’Yes’’ at first, and then tried to soften the message during the press...

Alfonso Peccatiello (Alf)

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