Asia morning brief: Wed 27 April 2016

Good morning, so Apple & Twitter disappointed with earnings & down -9% & -13% in after markets trading. With AAPL one of the most widely held stocks by hedge funds, the pain continues for whole sector. Only Goldman & Morgan Stanley relatively still upbeat on oil with GS analyst on CNBC propping it saw S&P500 & Dow supported ahead of FOMC decision early tomorrow Asia morning. GBP squeeze rally continued with spike to 1.4635 as Brexit odds reduced by London bookmakers. 1.47/1.48 is not unthinkable as poor crowded GBP brexit shorts look to exit as odds reduce further … GBP/AUD cross does seem to bottom at 1.84 last Friday & a medium rally to 1.97-2.01 seems plausible noting that GBP/AUD has almost 90% correlation to VIX & general risk off … is this an early leading indicator?


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