Saxo Market Call

Market slows the bleeding. Gold rally on life support.

May 11, 2022

Slide deck: https://bit.ly/3N361bd   -

Today we look at a pause in the equity market slide a day after the worst day for global equities in nearly two years, identify important resistance levels for the S&P 500, talk commodities from copper and gold (where the last gasp support has been tested) to natural gas and crude oil. We also highlight relative strength in the major currencies, the muted EURUSD countertrend price action, and run down the earnings and macro calendar for today. We continue to highlight the systemic risk in the crypto space if Bitcoin punches below 30k. Today's pod features Ole Hansen on commodities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic

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