Saxo Market Call

USD follows Fed expectations higher. Apple tries to boost heavy equity market

January 28, 2022

Today's slide deck:   -

Today we look at a still nervy US equity market, as speculative giant Tesla stumbled badly and is now poised at key support and the market posted a new cash session low close even if the prior intraday low was not tested. Another blowout earnings report from Apple after the close tried to ride to the rescue, meanwhile. Elsewhere, metals are sucking wind and US natural gas shenanigans caught commodity traders' attention, while the strong US dollar dominated the FX market as Fed expectations remain pinned near the cycle highs after this week's FOMC meeting. This and more in today's pod, which features Peter Garnry on equities, Ole Hansen on commodities, and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic

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