Saxo Market Call

Watch USD as guide to risk rebound

September 22, 2020

Today's slide deck: bit.ly/2RKw1xv -
Following yesterday's dramatic price action across USD, JPY, European equities, gold and silver, and stunning comeback by Nasdaq 100 we zoom in on the prospects for a rebound. The USD seems to sit at the center of yesterday's sell-off so watch USD for clues about the strength of the rebound in risk. We also talk about GM's fight to defend its Nikola stake and the big Tesla "Battery Day" which could put carmakers under pressure. Ole is providing colour on the mini flash crash that happened in gold and silver yesterday. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

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