Previous Issues

THE CAPITAL OBSERVER

August 2017 -   published on 30th August 2017

Contents

15 / From the Fall, the
stage is set for a weaker
Japanese Yen and
stronger Nikkei – the
harbingers of Reflation
Wave II

04 / Executive Summary

06 / Mapping the markets

23 / Base Metals Outlook
Reaffirmed: getting long
on base metals and
China is optimal in Q3
2017

18 / Timing and Tactical Insight

A weaker Yen and a stronger Nikkei will require hedging for currency risk

08/ Shrinking the Fed’s balance sheet: it will start in September – the ongoing risk assets correction may extend to the fall leading to an interestingbuying opportunity

32 /EUR/USD, EU stock markets are hostages
to the inflation data,
as the ECB waits for
further developments

26 / Timing and Tactical Insight

China and base metals are re-accelerating; these trends should continue into H1 2018

11/ Timing and Tactical Insight

The reflation trade is still bouncing off and re-testing its retracements lows; the bottoming process could extend into late October / early November. Commodities seemed to have turned the corner and are leading the way into
reflation wave II

“Keep An Eye On Commodities
To Lead The Reflation Trade
(Phase2).”

Bryan Rich, Forbes Contributor

35/ Timing and Tactical Insight

Strong Euro into October should keep European markets under pressure, following that we would consider them a Buy

​

41 / Splicing the markets - Gold: the “canary in the gold mine” for reflation trades

April  2018

February  2018

January  2018

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