Extended
Neutral to mildly bullish consolidation expected as February 5 BoE narrow 5-4 hold signals approaching end of easing cycle with USD weakness providing tailwind
Extended
USD/JPY consolidation with slight bearish JPY bias on persistent rate differentials; Takaichi election victory seen constraining BOJ normalization through political pressure
Extended
Copper rallied to record highs on supply concerns with elevated prices expected into 2026 but near-term consolidation likely as market digests extraordinary gains, China Q4 demand declining 8% YoY, and Shanghai speculation concerns
Extended
Small-caps positioned to extend outperformance following historic breakout with superior 17-22% earnings growth and Fed easing supporting continued rotation despite January 29 pause
Full Desk
Bearish consensus has complete dominance expecting continued weakness yet acknowledging potential for tactical bounces from extreme positioning and emerging Black Sea weather concerns with February seasonal patterns historically strong but completely ignored after 2025 failure
Full Desk
Constructive consolidation within structural bull market as extraordinary 2025 gains digest against 2026 balanced forecast, with February seasonal support providing near-term floor before next directional move
Full Desk
Fed easing cycle dramatically shallower than expected with terminal rate near 3% creating structurally bearish duration outlook; March 17-18 FOMC likely on hold with bonds consolidating 112-118 awaiting clarity
Full Desk
Shifting from aggressive bullish expecting continued RBA tightening toward cautious bullish recognizing inflation-driven hawkish floor creates support but acknowledging 12% rally extension and approaching major resistance requires consolidation
Full Desk
Cautiously bullish on Trump-Xi breakthrough potential upgrade to 20 MMT but concerned about pricing execution risk and whether deal represents consideration versus confirmed commitment
Market expects LDP to gain seats enabling continued expansionary policy; yen consolidation with slight bearish bias on persistent fiscal concerns
Weekly Report
Cautiously neutral with growing defensive positioning after DeepSeek disruption and February seasonality concerns tempering January optimism despite positive earnings momentum
Weekly Report
Bullish medium-term with structural central bank support intact and Fed maintaining accommodative bias creating constructive backdrop for continuation toward $5200-5400 despite January profit-taking consolidation