HALISTER1: MAJOR TECHS: USD/JPY Climbs After Clinton Cleared at FBI

MAJOR TECHS: USD/JPY Climbs After Clinton Cleared at FBI

(Bloomberg) -- Daily levels for GBP and Asian currency pairs:
  • USD/JPY -- Rebounding from 55-DMA support
  • 3rd resistance: 106.54, July 27 high
  • 2nd resistance: 105.63, July 29 high
  • 1st resistance: 105.12, Nov. 1 high
  • Spot: 104.01; pivot point: 103.90
  • 1st support: 102.73, 55-DMA
  • 2nd support: 102.17, 61.8% Fibo of Sept. 27 to Oct. 28 rally
  • 3rd support: 101.18, Oct. 3 low
  • GBP/USD -- Capped below 55-DMA
  • 3rd resistance: 1.2770, 55-DMA
  • 2nd resistance: 1.2623, Oct. 7 high
  • 1st resistance: 1.2494, Nov. 3 high
  • Spot: 1.2472; pivot point: 1.2530
  • 1st support: 1.2269, 21-DMA
  • 2nd support: 1.2083, Oct. 15 low
  • 3rd support: 1.1990, 76.4% Fibo retracement of Oct. 7-10 rally
  • AUD/USD -- Consolidating above 50- and 100-DMA support
  • 3rd resistance: 0.7835, April 21 high
  • 2nd resistance: 0.7756, Aug. 10 high
  • 1st resistance: 0.7734, Oct. 20 high
  • Spot: 0.7670; pivot point: 0.7684
  • 1st support: 0.7607, 50-DMA
  • 2nd support: 0.7584, 100-DMA
  • 3rd support: 0.7556, Oct 14 low
  • NZD/USD -- Approaching 5-week high
  • 3rd resistance: 0.7564, 17-month high
  • 2nd resistance: 0.7486, Sept. 7 high
  • 1st resistance: 0.7369, Sept. 22 high
  • Spot: 0.7328; pivot point: 0.7338
  • 1st support: 0.7266, Oct. 20 high
  • 2nd support: 0.7240, 50-DMA
  • 3rd support: 0.7206, 100-DMA
  • USD/KRW -- Consolidating between 100- and 200-DMAs
  • 3rd resistance: 1,155.27, 200-DMA
  • 2nd resistance: 1,153.63, July 14 high
  • 1st resistance: 1,152.20, Nov. 2 high
  • Spot: 1,143.40 (close on Nov. 4); pivot point: 1,143.77
  • 1st support: 1,136.50, Nov. 3 low
  • 2nd support: 1,135.32, Oct. 26 high (breakaway gap)
  • 3rd support: 1,129.19, 100-DMA
  • USD/MYR -- Bullish signal from 100- and 200-DMA crossover
  • 3rd resistance: 4.2350, Feb. 29 high
  • 2nd resistance: 4.2242, Oct. 13 high
  • 1st resistance: 4.2130, Oct. 31 high
  • Spot: 4.1980 (close on Nov. 4); pivot point: 4.1961
  • 1st support: 4.1442, Oct. 26 low
  • 2nd support: 4.1325, Oct. 11 low
  • 3rd support: 4.1335, 50-DMA
  • USD/SGD -- Consolidating below 21-DMA resistance
  • 3rd resistance: 1.3964, Oct. 27 high
  • 2nd resistance: 1.3876, Oct. 26 low
  • 1st resistance: 1.3874, 21-DMA
  • Spot: 1.3856; pivot point: 1.3850
  • 1st support: 1.3819, Nov. 2 low
  • 2nd support: 1.3791, 38.2% Fibo retracement of Sept. 22 to Oct. 27 rally
  • 3rd support: 1.3776, Oct. 14 low
  • USD/IDR -- Extending gains toward 100-DMA
  • 3rd resistance: 13,261, 200-DMA
  • 2nd resistance: 13,130, 100-DMA
  • 1st resistance: 13,115, Nov. 4 high
  • Spot: 13,068 (close on Nov. 4); pivot point: 13,081
  • 1st support: 12,980, Oct. 20 low
  • 2nd support: 12,955, Oct. 10 low
  • 3rd support: 12,920, Sept. 28 low
  • NOTE: Mark Cranfield is an FX strategist who writes for First Word. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Don’t Stress Election as Yield Hunt to Win, Asian Bond Funds Say

Don’t Stress Election as Yield Hunt to Win, Asian Bond Funds Say

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
806 HK (Value Partners Group Ltd)

People
Leo Hu (NN Investment Partners Singapore Ltd)
Gordon Ip (Value Partners Hong Kong Ltd)
Hayden Briscoe (UBS Asset Management Japan Ltd)
Hillary Clinton ((US)2016 Presidential Election)
Jonathan Armitage (National Australia Bank Ltd)

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UUID: 7947283

HALISTER1: Trafigura Says Not Party to Storage Contracts in Petrobras Probe

Trafigura Says Not Party to Storage Contracts in Petrobras Probe

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
PETR4 BZ (Petroleo Brasileiro SA)
1201138D NT (Farringford NV)

People
Marc Rich (Marc Rich & Co Holding GmbH)
Mariano Ferraz (DT Group)
Paulo Costa (Petroleo Brasileiro SA)
Victoria Dix (Trafigura Pte Ltd)

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UUID: 7947283

HALISTER1: U.S. Credit Markets Seen Staying Defensive After Vote: Analysis

U.S. Credit Markets Seen Staying Defensive After Vote: Analysis

(Bloomberg) -- U.S. credit spreads are edging wider into the presidential election, just like before the 2012 vote. But don’t yet bet on an encore of that year’s post-event rally, as a close result this time could raise risks of legal challenge and recounts, prolonging uncertainty, Bloomberg strategist Simon Ballard writes.
  • U.S. HY corporate spread index were quoted quoted 531bps OAS on Friday, +48bps since Oct. 27; many investors may be running fairly flat (hedged) risk exposure going into Tuesday
    • In 2012, similar spreads widened 48bps between Oct. 18 and Nov. 16, before rallying by more than 100bps through January 2013 following President Obama’s re-election
  • A Clinton victory still seems the majority expectation, the confirmation of which should fuel a relief risk rally; however, market performance could be damped if there’s only a small margin of victory
  • On the other hand, a Trump victory may fuel more adverse knee-jerk market reaction; maintain wider spread bias across synthetic credit indexes, IG and HY corp bonds, dollar weaker
    • Uncertainty over implementation of Trump rhetoric into policies likely to fuel defensive bias among investors, short-term flight to quality in corporate credit
    • Could lead to re-evaluation of risk tolerance more globally, and possibly capital outflows
  • NOTE: Simon Ballard is a credit strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Barack Obama (United States of America)

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UUID: 7947283