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STATE OF THE MARKETS

Vaccine news continue to drive markets, for now. US equities climbed Monday after another promising vaccine results from Astra Zeneca, but still floating below last week open as investors look forward to taking profits before Thanksgiving Thursday. Bonds lost demand on the continued optimism, with 10Y yield closed higher around 0.865% compared to 0.824% Friday.

Optimism was seen across the board, with crude continue to climb higher to close above $43.15/barrel and gold dipped below $1,830/oz for the first time in 18 weeks. Dollar surged higher against the safe-haven Yen and Swiss, with the index seen bidders absorbing all offers above the 92 mark.

In the medium and long-term accounts, CAD joined GBP, AUD and NZD in the driver seat as Yen was pushed to the back seat. Consolidation and profit taking in the medium term, pushed Dollar back in demand while short and long term accounts continue to sell the reserve currency.

 


G8 CURRENCIES SENTIMENTS

ST GBP CAD NZD AUD USD EUR CHF JPY ST
MT NZD GBP CAD USD CHF AUD JPY EUR MT
LT NZD AUD GBP CAD JPY USD EUR CHF LT
** ST refers to Short-Term which is daily turnover, MT is Medium Term which is 
weekly
and LT refers to Long-Term which is monthly turnover.

WALL ST MOST ACTIVE

TICKER LAST PRICE

% CHANGE

VOLUME 90 DAYS AVG
DPW 7.19 +237.56 303,030.0K 4,360.3K
IDEX 2.62 +70.13 281,082.8K 10,089.6K
NIO 55.38 +12.45 270,203.0K 140,127.5K
FCEL 8.55 +54.33 239,064.2K 24,797.5K
AAPL 113.85 -2.97 127,959.3K 156,073.1K
GE 10.07 +3.18 108,197.3K 101,000.5K
XPEV 72.17 +33.92 100,012.2K 20,942.5K
AAL 13.56 +8.22 100,764.0K 65,664.1K
GEVO 2.13 +57.78 98,188.9K 32,709.7K
RIG 1.80 +30.43 91,742.7K 25,680.2K
** % Change here refer to price vs previous day price

WALL ST TOP FLOWS

TICKER LAST PRICE

VOLUME

% CHANGE FUNDS FLOW $
TSLA 521.85 50,260.3K +45.06 26,228.3M
NIO 55.38 270,203.0K +4.77 14,963.8M
AMZN 3,098.39 4,708.8K -7.54 14,589.7M
AAPL 113.85 127,959.3K +11.76 14,568.2M
XPEV 72.17 100,012.2K +107.69 7,217.9M
BABA 270.11 25,317.1K -9.97 6,838.4M
BA 211.53 28,372.3K +10.05 6,001.6M
FB 268.43 20,990.7K -0.51 5,634.5M
MSFT 210.11 25,683.5K -18.10 5,396.4M
NVDA 525.60 9,033.8K -8.52 4,748.2M
** % change here refers to volume vs. 20 days average volume.

TOP 5 BLOCK ORDERS

TICKER PRICE/STRIKE TYPE VOL/OI FUNDS FLOW
BLNK 33.62/25.00 stock options/put 170.72 2,642.7M
FCEL 8.55/9.00 stock options/call 162.70 2,043.9M
OL 42.80/40 – 60 crude oil options/call 1,200 4.2M
GC 1,833.00 gold futures 200 36.7M
ZB 174.24 US bond futures 3,000 52,272.0M

OUR PICK – CAD/CHF

Holidays call for carry trades. Current climate of low risk aversion, plus coming holidays, we believe it’s time to load on higher-yielding currency and sell the lower ones. There are plenty of pair to choose from especially with recent rate cut by the RBA. Shorting AUD/CAD or AUD/NZD is one of them, but we prefer long CAD/CHF as the sentiments are stronger on all short, medium and long term accounts. (Long USD/CHF is also another option and we have raised SL to 0.9070 as 0.9100 is now the 5 days VPOC for USD/CHF. Target remains.)

HORIZON STRATEGY SL TP1 TP2
Short-Term Buy 0.6970 0.7000 0.7020
Medium-Term Buy 0.6950 0.7020 0.7050
Long-Term Buy 0.6940 0.7050 0.7100

 

Disclaimer:

This article is for general information purpose only. It is not an investment advice or a solicitation to buy or sell any securities. Opinions expressed are of the authors and not necessarily of MFM Securities Limited or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.