If The Shoe FITZ

IF The Shoe FITZ: Start Your Engines For The Week Ahead

Starting a new pre-open note looking at what charts I think look most interesting to start the week.

Yields:

As we start the week lower US Yields and potentially narrower spreads versus Europe is the focus.

 

FX

EURUSD still looks set to move higher especially if the 5-year German-US spread continues to narrow. EURO looks bid on crosses also with EURJPY and EURCHF two favourites to continue higher.
USDMXN still looks susceptible to further losses

https://44475689.fs1.hubspotusercontent-na1.net/hubfs/44475689/image-png-Jan-26-2025-05-35-58-9721-PM.png

Commodities

Gold remains bid and a move towards $2,900+ remains the bias. WTI struggled last week, and further struggles look likely in the week ahead

Equities

The breakout on Es1 remains intact suggesting we could still rally to 6,400+

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