Barclays on month-end USD trade
Via eFX: Barclays Research provides the output of its month-end fixing model. “The passive rebalancing model at month-end points to strong USD selling against all majors except for EUR and JPY, where the signal is moderate,” Barclays notes. “We now publish our month-end signal earlier. Our analysis shows that trading earlier (a few days before […]
Scope for a fall to 3200 – Barclays
Despite 2022’s drawdown, analysts at Barclays believe that global equity markets have room to drop further. Cash should be the real winner of 2023 “We observe that US stocks tend to bottom out 30-35% below peak in the middle of a recession. That suggests fair value of 3200 on the S&P500 sometime in H1 23. […]