Author: Chris Weston

Chris Weston
Chris Weston

Chris Weston is Head of Research at Pepperstone and holds over 19 years of experience in the industry. A highly-respected financial services expert, Chris has supported both retail and institutional clients at IG, Merrill Lynch, Credit Suisse and Morgan Stanley, covering research as well as sales and trading roles. His extensive exposure to the FX, equities and fixed income markets puts him in a unique position to provide inspiring insights, research, ideas and risk-management strategies that support every step of your trading journey. Based in Australia, Chris is a well-known global media figure, regularly appearing on Bloomberg, Bloomberg Arabia, Channel News Asia and Sky News Business.

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Recent and archived work by Chris Weston for The Bull:

Trader thoughts as we head into Asia trade

We are to close out what has been an incredibly dramatic quarter, and as we do, we see ever more stimulus hitting global economies. Yesterday, the PBoC come to the party with a 20bp cut to its 7-day reverse repo, while injecting RMB50b of liquidity into the system – adding to other monetary measures recently…

Trader thoughts ahead of the Asian open

Another solid session in Europe, but US trade has been less convincing for risk, and I’d like to say the bulls have regained some share, but without flow data, I’d argue a large degree of the move in risk is predominantly repositioning from shorts. For those long, this is a trading rally and so many…

Trader thoughts – the bulls fire back, but for how long?

It’s looking like a bright start, with good follow-through expected for the Asian equities after yesterday’s solid rally in risk. We see Aussie SPI futures up a further 5.9% overnight, with Nikkei and Hang Seng futures gaining 10% and 1.6% respectively, although I would expect the Nikkei 225 open to be less pronounced than this….

Trader thoughts – a glass half-full world

In a world devoid of much positive news at present, the fact that new virus cases in Italy has risen by 4789 may not sound encouraging, but an 8% rise is the first single-digit increase in four days. In fact, the fatality rate has dropped for a second day. We can also see that Chinese…

Trader thoughts on the session – An ugly open as the world braces for the economic fallout

While it is hard to keep up with the ever-changing news flow, the weekend narrative has largely focused on the economic damage the virus will inflict. The concerns are clearly mounting as economic deterioration hits home this week, where the data will start to show the impact, notably around layoffs. The weekly US jobless claims…

Trader thoughts on the session – governments coming to the party, but is it enough?

It’s hard to keep up with the headlines running across the screens, but the wash-up has been some signs of green shoots of risk appetite emerging, and some further concerning aspects. I am not going to call a bottom in the risk story by any means. Firstly, we like the Fed’s plan to set up…

Trader thoughts on the session – the response is coming, but the devil is in the detail

It was clear given the rapid tightening of financial conditions and falling inflation expectations that we were always going to see a response from central banks, with many seeing the potential actions as coordinated. The focus now turns to the G7 finance minister meeting (1 pm France time), led by Mnuchin and Powell, who will…

Trader thoughts for the floor – Another tough open expected

There is simply no rest in these markets, no time to catch a breath before a new piece of news has to be sliced, diced and discounted. The result has been oversized moves and volumes, with flow and broad client activity at such elevated levels. We certainly closed what was an insane week in markets,…

Thoughts from the floor – The return of equity over on one’s equity

Well, this escalated quickly, but the markets have come alive with the sound of volatility and traders reaching out for portfolio hedges. That said, the time to hedge was last week when the VIX was not at 25%, and we see a massive 9.48-volatility premium for S&P 500 1-month put volatility over calls. The old…

Trader thoughts from the floor – fears of Covid-19 spreading expected to hit the Asian open

Its promises to be an interesting session here in Asia, with the bears back wrestling a bit more of a say here, and gold and bond bulls feeling pretty good about their exposures. We’re seeing AUDUSD, EURUSD and USDJPY selling off in early interbank FX, suggesting a weaker open in S&P500, Aussie SPI and crude…