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The Day So Far “There are forces now under way in the market that want to weaken us. Our job now is to ensure that this distorted.

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Presentation on theme: "The Day So Far “There are forces now under way in the market that want to weaken us. Our job now is to ensure that this distorted."— Presentation transcript:

1 www.amplifytrading.com The Day So Far “There are forces now under way in the market that want to weaken us. Our job now is to ensure that this distorted perception does not more strongly influence our day-to-day business.” These were the words from Deutsche Bank’s CEO in a letter to employees this morning as the DB saga rumbles inevitably on. The DB share price gaped lower and opened below €10 for the first time in 35 years this morning as several large hedge funds made announcements that they were pulling their business out of DB. Obviously this is the big story of the week and will continue to be the big story next week. €10 is a HUGE price point and I think pivotal not just for DB share prices but for general global market sentiment. Keep your eyes on the €10 handle! Stocks lower, Euro lower, Government bonds higher – this was the typical risk-off behaviour in European markets this morning. However, things have settled as we head towards lunchtime and markets are all off their earlier extremes as we take a breather. The Afternoon View We have US data this afternoon in the shape of Chicago PMI and Michigan Sentiment, but please be aware that it is also the final day of Q3. I’m following a controversial idea against market sentiment. Despite European bank worries, I think the prevalent move this afternoon in US equities will be due to Quarter End window dressing. However we are long T-Notes as risk-off sentiment remains.window dressing In terms of crude oil, we turn bearish, as the break higher yesterday was slow and unconvincing. Worries that OPEC are not comfortable with the production cut, and will face many barriers to achieving this, force us to look for a short on September’s high at 48.38 US Strategy Report: 30th September 2016 Key Headlines Market Sentiment: Neutral DB shares -10% Japanese deflation deepens Major Data Releases Data ReleaseExpectedPrevious Chicago PMI5251.5 UoMich Sentiment 9089.8

2 www.amplifytrading.com E-Mini S&P 500 (Dec 16) Futures: 30th September 2016 25 th Key Levels Comments 2164.00R1 2150.50Pivot 2145.75Today’s High 2134.25S1 2132.75Low of 27 th StrategyLong Entry2132.75 1 st Target2145.75 2 nd Target2150.50 Stop2130.00 THERE IS SUBSTANTIAL RISK IN TRADING. A LOSS INCURRED IN CONNECTION WITH FUTURES TRADING CAN BE SIGNIFICANT. AMPLIFY TRADING MAKES NO CLAIMS WHATSOEVER REGARDING PAST OR FUTURE PERFORMANCE. ANY STRATEGY IS FOR EDUCATIONAL PURPOSES ONLY Please see page 5 for more information

3 www.amplifytrading.com EURUSD (Dec 16) Futures: 30th September 2016 25 th THERE IS SUBSTANTIAL RISK IN TRADING. A LOSS INCURRED IN CONNECTION WITH FUTURES TRADING CAN BE SIGNIFICANT. AMPLIFY TRADING MAKES NO CLAIMS WHATSOEVER REGARDING PAST OR FUTURE PERFORMANCE. ANY STRATEGY IS FOR EDUCATIONAL PURPOSES ONLY Please see page 5 for more information Key Levels Comments 1.12875Yesterday’s High 1.12600Pivot 1.12330Yesterday’s Low 1.12055S2 1.12000Handle Support StrategyShort Entry1.12600 1 st Target 1.12330 2 nd Target 1.12055 Stop1.12725

4 www.amplifytrading.com US 10yr T-Notes (Dec 16) Futures: 30th September 2016 Key Levels Comments 131.300R2 131.230R1 131.215High of 27 th 131.145Pivot 131.105Support on 28 th 131.070S1 StrategyLong Entry 131.145 1 st Target 131.215 2 nd Target 131.300 Stop 131.105 15 th THERE IS SUBSTANTIAL RISK IN TRADING. A LOSS INCURRED IN CONNECTION WITH FUTURES TRADING CAN BE SIGNIFICANT. AMPLIFY TRADING MAKES NO CLAIMS WHATSOEVER REGARDING PAST OR FUTURE PERFORMANCE. ANY STRATEGY IS FOR EDUCATIONAL PURPOSES ONLY Please see page 5 for more information

5 www.amplifytrading.com Nymex WTI Crude Oil (Oct 16) Futures: 30th September 2016 Key Levels Comments 48.49R1 48.38High of 8 th 47.86Overnight High 47.55Pivot 47.00Handle Support 46.77S1 StrategyShort Entry48.38 1 st Target 47.86 2 nd Target 47.00 Stop48.49 THERE IS SUBSTANTIAL RISK IN TRADING. A LOSS INCURRED IN CONNECTION WITH FUTURES TRADING CAN BE SIGNIFICANT. AMPLIFY TRADING MAKES NO CLAIMS WHATSOEVER REGARDING PAST OR FUTURE PERFORMANCE. ANY STRATEGY IS FOR EDUCATIONAL PURPOSES ONLY Please see page 5 for more information

6 www.amplifytrading.com Amplify Trading is a Limited company registered in England and Wales. Registered number:6798566. Registered address: 18 St. Swithin's Lane, Ground Floor, City of London, EC4N 8AD. Information or opinions provided by Amplify Trading or the individuals listed above should not be used for investment advice and do not constitute an offer to sell or solicitation of an offer to buy any securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments. This research does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. Clients should consider whether any advice or recommendation in this research is suitable for their particular circumstances and, if appropriate, seek professional advice, including tax advice. The price and value of investments referred to in this research and the income from them may fluctuate. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Certain transactions, including those involving futures, options, and other derivatives, give rise to substantial risk and are not suitable for all investors. Supporting documentation will be supplied upon request. No part of this material may be (i) copied, photocopied or duplicated in any form by any means or (ii) redistributed without the prior written consent of Amplify Trading Ltd. © 2016 Amplify Trading Disclaimer Vasilis Ntiskos Associate Email: vasilis.ntiskos@amplifytrading.com Piers Curran Head of Trading Email: piers.curran@amplifytrading.com


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