FW: [Maybank] Slow Start to the Golden Week

 

 

GBL: Slow Start to the Golden Week Global Markets Daily by Saktiandi Supaat FX Research China is out for the whole week (Golden Week holidays). EUR opened slightly under pressure in early trade this morning in reaction to Catalonia referendum. Catalan separatist leaders signaled they may declare independence within a week. Spanish PM Rajoy insisted that the vote has no legitimacy. Risk of civil unrest for the region and political uncertainty in Germany may weigh on EUR intra-day. On FX, we favor tactical short GBP; maintain tactical USD longs vs. JPY and CHF. Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Leslie Tang    (65) 6320 1378    leslietang@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.