FuturesTechs News
It’s been a busy few months behind the scenes at FuturesTechs, as well as an interesting few months in the markets!
I have split this newsletter into several parts to try and cover all bases!
Company News
First of all to announce some changes within the Company,
I am pleased to announce that Jonathan Cowan has joined the company as a Director. Jonathan brings with him Kevin Green and Andrew Gedye who have a wealth of experience in the Capital Markets business and strategic business development. Their mission is to grow the client base and deliver innovative technology to drive the strategic expansion of the business.
I am delighted that FuturesTechs now has the service of three well respected individuals. They all bring something unique to the table, which makes for an exciting future for development of the business.
In January 2017, MIFID II rules will be introduced with respect to unbundling research and execution costs. “I believe this will give clients a much better choice as it will remove any conflicts of interest.” Lambert said, “Under these new rules, FuturesTechs is well placed to expand both our client base and asset class reach”
Jonathan Cowan, our new Director, says:
“We are very excited to join Clive and help to deliver such an excellent product to a wider audience”.
Jonathan is a well know figure in the Futures industry, as the former co-owner of EccoWare, the trading software business that was sold to BGC in 2004. JC’s brief at FuturesTechs is to develop the technology side of the business to improve delivery options, security, and distribution capabilities.
Kevin Green will head up Sales and Marketing, drawing on his experience at Dresdner, Mizuho and Santander.
Andrew Gedye’s career spans 30 years in business development at institutions such as Nomura, Dresdner, Mizuho and Standard Bank.
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Society of Technical Analysis Courses
As many of you may know I have been involved with the Society of Technical Analysts for a number of years and regularly teach on their excellent courses. They have courses coming up that I would highly recommend, the next one starting on October 14th 2015.
This seven week evening course (Diploma Part 1) is run once a year and held at the London School of Economics, Aldwych, London. Attendance on this course will give you a solid basic knowledge of Technical Analysis and prepare you for the STA Diploma Part 1 exam, and the Diploma Part 2 Course in technical analysis starting in January.
The Diploma Part 1 and Part 2 courses have been designed to cater for newcomers and experienced professionals who are looking to challenge themselves and develop the methodology, tools and confidence to make better informed trading and investment decisions in any asset class anywhere in the world.
Passing both stages of the exam entitles you to use the prestigious MSTA designation and place you amongst an elite group of Technical Analysts in the UK.
For details of the Course content and costs click here.
Places are very limited. If you wish to go ahead, please click here to register and enter FUTURESTECHS in the Additional Information box.
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Market Commentary
2015 has seen a number of big moves across asset classes. In the Fixed Income space the big sell off in the Bund earlier in the year was pretty well flagged using our Technical Analysis “tool kit” and our clients were alerted to the downside risks well before the big sell off that started at the end of April. Interestingly we were also flagging the approach of key support in mid June and the low/bounce came within a few ticks of a Major Fibonacci level on the chart.
As well as Bund Futures we also cover Bobl, Schatz, Euribor, Gilts, Short Sterling, US T-Notes and 3 month Eurodollars.
It was then Equity markets’ turn to take a bath, and despite the recent recovery from the August low we have been warning continually of further downside risk, which seems to be unfolding now.
We flagged to clients the significant upside rejection seen on September 17th (the day of the unchanged Federal Reserve decision) and the bearish implications of this, especially in European markets, where the DAX and FTSE both failed at significant technical resistance.
We also write daily analysis on the Eurostoxx 50, S&P 500, Dow and NASDAQ Futures.
In the Commodity space continued weakness in Gold has been a key feature of our Analysis this year. Gold appears to me a highly emotive subject amongst it’s watchers, but not us. The chart tells us what’s happening, and this means our daily views are entirely free of any pre-conceived biases. Using charts means we only track the sentiment of the market, and keep any “opinion” out of the equation!
Our “call” in January that Oil had bottomed out proved too early, but again our trend following approach meant we haven’t been stubborn and have been able to respond to changes in trend. The charts still suggest we are near a bottom, but we await some solid confirmation from the bulls!
We are looking to expand our coverage in the Commodity space, with Base Metals and Power markets particularly of interest.
Forex markets are proving tough to call with volatility that’s testing the best of them! Our reports provide the key support and resistance levels on a daily basis and look to catch the major moves as and when they unfold, but in the main it’s been something of a minefield for trend followers this year across many of the major Forex pairs. The charts suggest we may be on the cusp of a significant period of strength for the USD, but for now we are awaiting a clear signal on this front.
Please check the website for a full list of Forex Pairs covered.
PLEASE do register your interest here if you wish to have a free trial of any of our reports.
All the best,
Clive.