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

FX Dashboard: US Dollar, Commodities, and EM Currencies

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

Technical Analysis

To many, it has been a classic year of ‘follow the pain’ when it comes to major foreign exchange. Here we are once again at the top of the range for the USD and can spot reversals across different indices.Given the levels from where these developments are unfolding, the latest price action suggests a lower USD from here at least in the near term. Beyond that we may even see a move to the other end of the ranges which could be anything up to 3% away.Note, USDJPY does not look particularly concerning. The recent breaks higher in long end US yields is likely to support it. Should it remain stable, it is still expected that JPY crosses may do well – see <a href="https://www.smartkarma.com/insights/fx-jpy-crosses-ready-to-move" target="_blank" data-smartkarma-citation="insights:55906" rel="noopener">FX: JPY Crosses Ready to Move?</a> .

To many, it has been a classic year of ‘follow the pain’ when it comes to major foreign exchange. Here we are once again at the top of the range for the USD and can spot reversals across different indices.Given the levels from where these developments are unfolding, the latest price action suggests a lower USD from here at least in the near term. Beyond that we may even see a move to the other end of the ranges which could be anything up to 3% away.Note, USDJPY does not look particularly concerning. The recent breaks higher in long end US yields is likely to support it. Should it remain stable, it is still expected that JPY crosses may do well – see FX: JPY Crosses Ready to Move? .

Dollar Index

Another Turning Point for the USD