Saxo Market Call

USD bears need to pick up pace. Bitcoin dives.

November 26, 2020

Today's slide deck:  https://bit.ly/3fzFgeS    - 

Today we look at still strong markets as the US heads out for a long Thanksgiving holiday weekend and global equity markets eye their strongest monthly return in history. USD bears appear in good shape, but the price action is sluggish relative to the supportive backdrop for a weaker US dollar. Elsewhere, we look at oil prices and the forward price curve, Salesforce eyeing a possible Slack takeover, inflation in delivery costs, the sudden correction in Bitcoin overnight and more. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX. 

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