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

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

Technical Analysis

The past week’s price action and that seen overnight in the US cannot be ignored now that we have taken out important short-term levels on US yields.Higher yields should be seen in the short term which makes recent views of lower ‘real’ yields now look dubious, especially as Copper and Oil are both down.The setup on US 10-year yield argues for a test of 1.50% ahead which will likely steepen the curve from here. With that in mind, the breaks on S&amp;P Banks and Financials Indices both look good.

The past week’s price action and that seen overnight in the US cannot be ignored now that we have taken out important short-term levels on US yields.Higher yields should be seen in the short term which makes recent views of lower ‘real’ yields now look dubious, especially as Copper and Oil are both down.The setup on US 10-year yield argues for a test of 1.50% ahead which will likely steepen the curve from here. With that in mind, the breaks on S&amp;P Banks and Financials Indices both look good.

US 10Y

Near Term Break on US Yields