Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season 
Gold Surges Past $4150 on Dovish Fed Signals and Weak Jobs Data; Bullish Outlook Prevails 
Smartphones are helping filmmakers tell the stories the movie industry overlooks 
Morgan Stanley Names BAE Systems Top European Defence Stock Despite Lower Price Target 
Buy the Dip: Gold Holds Strong at $3980, Targets $4150 
Vietnam’s population hit the 100 million milestone. Where’s it headed? 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook 
Michael Burry Shorts Tesla at $416 as AI and Semiconductor Bearish Bets Expand 
In a rebuke to Trump, the Supreme Court rules that birthright citizenship is the law of the land 
We get more data from Asia (IP and GDP from Singapore, Korea and Taiwan; China PMIs at the end of the week), which could provide clarity on whether the IP cycle is indeed bottoming out.
Despite these offsetting forces for the broad dollar, we continue to hold our USD longs vs. EM FX and high-beta G10 FX since,
- These are held mostly via options with defined downside
- Fed hinted that there is very little room for the market to expect rate hikes by the end of 2016 as the moderate pace of economic growth.
So, Stay cautiously long USD vs. EM FX and high-beta G10 FX held mostly via options with defined downside.
USD-vols are on the verge of bottoming out as central banks (ECB/BoJ) turn into realized vol generators and liquidity declines seasonally into year-end. Buy USD/PLN vs EUR/PLN vol spreads for a revival.
