From the Punter Trenches (17 Jan 2018)

Starting today, enjoy succinct daily financial market commentary via posts titled From the Punter Trenches.


By Tanya Rawat

Taking cues from the US session yesterday, today Asian equities with the exception of Chinese and Indian names took a beating. Watch Gold which after a pull back, shows plenty of upside till we start testing 2014 levels, Dollar which I was bullish start of the week given it was testing strong support and resistance levels apropos the Japanese Yen and Euro respectively. I expect rotation into Value names after Momentum stocks in the US gained plenty traction start of the year. Europe with the exception of UK looks healthy equities wise. Expect more sizeable losses out of UK equities this week.

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