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Markets Await for Georgia

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STATE OF THE MARKETS

Markets await for Georgia. US equities recovered some of the earlier loses done on Monday as Georgia election results came in and it would be couple of days before it’s final. In a most likely scenario, Republican will retain control of US senate and markets goes on as about its usual business. Shall Democrat won both seats, then fear of further tax hike could derail the markets. The benchmark US 10Y bond lost demand as yield surged higher close to 1% as investors started the new year with seeking better returns in riskier markets.

Crude rebounded sharply, closed above $49.90/bl, as OPEC+ finally reached an agreement for a supply cut with Saudi Arabia voluntarily took the hit with 1m barrel/day cut starting next month. Gold edged higher, closed above $1,949.35/oz as markets fears of rising inflation post economic stimulus on the falling value of the Greenback.

In the FX space, devalued Dollar is benefitting the commodity currencies the most, in all three horizon, though CAD remain stagnant in the long term. Block orders suggested a move lower in EUR/GBP as confirmed by turnover in all three horizon. Aussie benefitting from the rise in gold, finally took the helm of demand in all three horizon, though recent CFTC reports suggested that speculators were net short in Aussie.


G8 CURRENCIES SENTIMENTS

ST AUD NZD CAD JPY GBP EUR CHF USD ST
MT AUD CAD NZD JPY GBP CHF EUR USD MT
LT AUD NZD GBP EUR CHF JPY CAD USD 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
SYN 1.00 + 99.96 360,215.2K 1,059.5K
JAGX 1.95 + 9.55 334,251.6K 29,827.9K
CHEK 1.73 + 19.31 279,399.4K 6,355.7K
BNGO 4.95 – 31.25 236,533.8K 31,168.7K
NIO 53.20 – 0.54 147,474.7K 157,210.8K
AAPL 131.01 + 1.24 97,664.9K 134,488.7K
GE 10.77 + 2.87 83,700.3K 103,673.9K
ABEV 3.06 + 2.34 79,550.7K 22,845.9K
FUBO 27.33 + 12.75 75,896.3K 6,821.0K
UVXY 11.47 – 4.66 71,282.3K 43,190.5K
** % Change here refer to price vs previous day price

WALL ST TOP FLOWS

TICKER LAST PRICE

VOLUME

% CHANGE FUNDS FLOW $
TSLA 735.11 32,245.1K – 42.30 23,703.7M
AAPL 131.01 97,664.9K – 10.80 12,795.1M
BABA 240.40 35,823.8K + 24.35 8,612.0M
AMZN 3,218.51 2,655.5K – 25.37 8,546.8M
NIO 53.20 147,474.7K  + 15.16 7,845.7M
MSFT 217.90 23,822.9K  – 13.54 5,191.0M
NVDA 536.19 8,068.9K + 28.50 4,326.5M
BA 211.63 19,338.3K + 16.15 4,092.6M
QS 59.50 56,103.0K + 124.13 3,338.1M
AMD 92.77 34,207.9K – 7.15 3,173.5M
** % change here refers to volume vs. 20 days average volume.

TOP 5 BLOCK ORDERS

TICKER PRICE/STRIKE TYPE VOL/OI FUNDS FLOW
TEVA 10.87/12.00 stock options/call 63.12 268.8M
RP 0.9049 FX futures/EURGBP 1,107 136.3M
ZB 172.02 US bond futures 3,000 51,606.0M
GC 1,949.50 gold futures 200 39.0M
CL 49.50 – 50.10 crude oil futures 4,686 233.1M

OUR PICK – No New Pick

No new pick for first week of the new year due to thin markets. First week of the new year is the usual time to rebalance the portfolio and readjust our trading system and strategies to reflect new market dynamics. We will wait until after the release of US employment figure for December before making any new pick.

HORIZON STRATEGY SL TP1 TP2
Short-Term Flat
Medium-Term Flat
Long-Term Flat

 

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.

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