Author: Shyam Devani
Money FM – Global markets as we start the 2nd half 2021
It was a pleasure speaking with JP Ong at Money FM in Singapore about global markets. The decline in long end yields and the slip in metal prices starts to…
Podcast – Jim Rogers on Global Markets & Bubbles
Jim Rogers is one of the best known market investors and financial commentators with experience that spans 6 decades. After a successful career on Wall Street, which included co-founding…
Media – Forex Friday’s: Recapping the 1st Quarter
A conversation on Money FM discussing the USD, Oil, Stocks, Bonds, inflation, Europe, EURUSD, USDCNH and India as we approach Q2, 2021 There seems to be a risk of seeing …
Podcast – Kishore Mahbubani on ‘Has China Won?’
Kishore Mahbubani is a well known former diplomat and academic. He was Singapore’s permanent representative to the UN and held the position of President of the United Nations Security Council.…
Podcast: Singapore Inside Out
Episode 6 welcomes PN Balji who has over 4 decades of experience in Singaporean journalism. He shares his thoughts on subjects including Singapore’s identity, capitalism in Singapore, whether the film…
Podcast: The Reality of Sustainability
The 5th episode of In conversation with Shyam Devani welcomes Ipshita Chaturvedi’s who’s vast experience in the field of environmental law allows her to offer a broad perspective in the…
In the footsteps of the Fed
The behaviour of the S&P 500 this year is remarkably similar to that seen in the aftermath of the last major panic 11 years ago. In both years, 2009 and…
Post election thoughts on the USD, Asia, and Europe – Money FM
It was a pleasure to speak with JP Ong on Money FM in Singapore about Currencies as we deal with the US election. It is very difficult to argue with…
Warnings from the Far East
Recent dynamics between the currencies of the Far East – Japan, South Korea, China – are worth paying attention to. Both the Korean Won and Chinese Renminbi have performed consistently…
Red October
The last note on SAV Markets called “Testing times for major markets” was published on 15 October and highlighted the risk of relative underperformance of equities against Bonds and Gold…
Testing times for major markets
Charts: Nasdaq/XAU • US 30Y Yield • US 10s30s curve • Nasdaq/T-Bond Ratio As we get into the last few weeks before the US election, a number of key markets…
Crude Concerns
One of the most important markets in the current environment is Oil. At a time like this it generally reflects the markets conviction, or lack of, in economies to reflate.…
FX Markets: Clear and Present Danger
Price action across major currencies show wobbles ahead in the FX markets. While these are counter trend they are still worth watching as the weeks ahead could be painful. EURUSD…
Another USD break-down ahead
Is there another major USD down move on the way? The clearest and most important level across FX markets is the year’s low on USDCNH at 6.8457. That level marks…
Powell to the People – Jackson Hole-in-One
by Gauravjit Singh and Shyam Devani Gauravjit Singh: Fed chairman Powell’s much awaited Jackson Hole speech provided a brief burst of volatility. The market reaction function, and the multitude of…
Putting the “Bull” back in Bullion
The following is a short technical report on the latest Gold developments as it is now looking bullish again across the board. Over the past 24 hours XAUUSD posted a…
US Asset Markets – Housing breakouts
As the market still observes the tremendous rebound in equities while international borders remain closed in the middle of the Covid pandemic, one asset market that warrants even more attention…
In Conversation with Shyam Devani – Episode 4
The fourth episode of ‘In Conversation with Shyam Devani’ welcomes Patrick Dewilde, non-executive director for Citigroup Europe Plc, co-founder of Nomad Investment Strategies Limited, and former Head of Markets and Securities…
The King of Currencies
Gold has rallied through every level seen against fiat currencies. The last remaining levels just two weeks ago were $1,921 and ¥205k. We are trading well above them now. What…
Market Wrap – Audio & Charts, August 2020
The following audio market wrap concentrates on the USD, Precious Metals, and Housing – markets that are in serious trends now that we settle into a new cycle Charts on…
In Conversation with Shyam Devani – Episode 3
The third episode of ‘In Conversation with Shyam Devani’ welcomes Sunil Kalra who brings with him almost 25 years of experience in trading international financial markets. Sunil is the founder…
Money FM – The Outlook for Markets in the 2nd Half
A discussions on equity market trends, the USD, China, and Gold as we settle into the 2nd half of the year.
USD Dynamics in 2020
by Gauravjit Singh, Singapore 2020 has been a roller coaster ride so far, and riding the markets has not been easy for the faint hearted. Global economies are facing a…
Half Time 2020 Review
The following looks at core views across markets as we enter the second half of the year. Gold What started off as a shaky start to June has instead turned…
From Liquidity to Solidity – Bullion Booms
While market participants stare at stocks with open eyes and dropped jaws as they rise in the face of re-emerging virus cases and geopolitical tensions, one solid trend that is…
In Conversation with Shyam Devani – Episode 2
The second episode of ‘In Conversation with Shyam Devani’ welcomes Mukesh Rajani, a former senior partner at PricewaterhouseCoopers in London with 35 years experience across a range of sectors. After…
Equity Markets – How Long?
The contrast between the stock market and the ‘reality’ on the ground is a direct result of policies that have been employed over the past few months. Financial markets can…
Real Estate, The Fed & The US Dollar
The behaviour of real estate markets and interest rates have had a profound impact on the US economy. What happens in between the cyclical peaks in real estate is key,…
US Asset Markets – A Long View
“The farther backward you can look, the farther forward you can see.” Winston Churchill The way in which the Covid-19 crisis has impacted the world may not have been seen…
Black Gold Sparks
Is it possible that we could be on verge of seeing a significant multi month rally in Oil? While it might be difficult to imagine the Oil price rising at…
Forex Fridays – Money FM – 8 May 2020
It was a pleasure to speak to JP Ong on his show ‘Forex Fridays’ at Money FM about the US Dollar, Chinese Renminbi, the Pound Sterling and the short term,…
In Conversation with Shyam Devani
The debut edition of ‘In Conversation with Shyam Devani‘ welcomes Vibhaker Baxi, whose extensive market experience began in the 1970’s. He started trading at Citibank and went on to manage…
The other side of Libra – An historical perspective
This week a joint venture between Reliance, one of the largest companies in India, and Facebook, a tech mega-house was announced. This creates a framework where one of the world’s…
Gold Conquers from East to West
Gold, even in JPY terms, is looking likely to breakout soon. The next target level is more than 10% higher. The JPY normally does well in times of market stress…
Gold…Where next?
As Gold re-approaches the March highs the obvious question is where next? While the $1,800 area is a clear technical area of resistance and target, historical analysis from 2008 says…
Cash is King but Gold will Reign – Lessons from the 2008 Lehman’s crisis
As we see the worst stock market declines in decades and the VIX back to 2008 levels, 3 points stand out 1. All major asset prices have fallen, even the…
The Fed is likely to continue with rate cuts in 2020 – CNBC (Nov 2019)
The Fed may think they have finished cutting rates but there are serious signs that further cuts are coming in 2020
Take profits on GBPUSD – CNBC
Sterling had a good run in October and now ahead of the next Brexit crossroad, one should be taking profits
Bullish Break for Gold versus S&P 500
Bullish Break for Gold – Bloomberg August 2019 Bullion has surged in 2019 amid trade tensions, slowing growth Charts suggest that it’s ‘only a matter of time’ before rally
USDJPY is going to 100 – CNBC (July 2019)
The Fed is going to move away from simply insurance cuts to a full cyclical turn in interest rates. USDJPY is expected to move down to 100 around year end…
Inverted Curve in the US a warning sign (May 2019)
The inverted yield curve in the US should never be ignored. A classic sign that the Fed is going to be cutting rates this year.
Prime Time – MoneyFM 89.3
Shyam Devani spoke to PrimeTime about market sentiment after the Fed decided to not hike rates for 2019. He also touched on inverted yield curves, US-China trade talks, and why…
Expect better performance across asset classes in Q1 – CNBC (Jan 2019)
Markets have come a long way in a short space of time. After a sharp December correction in the S&P 500 and a 45% decline in the Oil price we…