FTSE 100, USD/JPY Evaluation & InformationQUICK TAKE: Democrats on Course for Blue Wave Following Georgia Senate ElectionEQUI
FTSE 100, USD/JPY Evaluation & Information
QUICK TAKE: Democrats on Course for Blue Wave Following Georgia Senate Election
EQUITIES (US Futures): DJIA (+0.14%), S&P 500 (-0.3%), Nasdaq 100 (-1.4%)
The Nasdaq 100 is the notable underperformer as markets reprice the potential of greater company tax and regulatory dangers, which may see massive tech come below larger scrutiny. As such, the rotation commerce seems to be again in vogue with worth outperforming development as Russell 2000 futures commerce at a file excessive. Elsewhere, the FTSE 100 outperforms with good points led by power (Saudi determination to chop manufacturing by 1mbpd for February and March) and monetary names (firmer bond yields).
| Change in | Longs | Shorts | OI |
| Every day | -23% | 40% | 9% |
| Weekly | -44% | 94% | 4% |
FX: The US Greenback has prolonged losses with the blue wave commerce in full swing, dangers now mounting for a transfer in direction of the March 2018 lows. In the meantime, cross-JPY has tracked threat urge for food greater, whereas the pick-up in US charges has additionally underpinned. That mentioned, eyes are on USD/JPY, which stays under 103.00, as such, with US charges pulling again off earlier highs, this will likely pave the way in which for a transfer in direction of help at 102.50. A break under raises the chance of a transfer in direction of 101.50. With this in thoughts, it’s value noting that USD/JPY has been extra a USD play versus a threat play with the Japanese Yen (vs US Greenback) now positively correlated with threat urge for food (S&P 500)
| Change in | Longs | Shorts | OI |
| Every day | 0% | 0% | 0% |
| Weekly | 9% | 13% | 10% |
