Saxo Market Call

Today's slide deck: https://bit.ly/3ca5W5M   -

Today we look at the significant move lower in the kiwi and why we should pay attention to the very loud signal from the New Zealand government as the sign of the new reality in the post-pandemic era. We also delve into equity technicals in the US and China, look at commodities market moves, particularly in metals, discuss the future of hydrogen, Adobe as the poster child of growth equity valuation as it reports later today, and much more. On today's call were Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

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

Today we look at the quiet start to the week for equities after the US managed to avoid any further panic despite the Fed announcing the SLR rule suspension for banks will expire at the end of this month. We also break down the assumptions in Ark investment's $3,000 Tesla call. Elsewhere, commodities are under considerable pressure as the US dollar remains firm even with US treasury yields consolidating lower. That US yield focus is likely to continue this week, with important Treasury auctions on tap. On today's call were Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Today's slide deck:  https://bit.ly/3c0yvm2   -

Today we look at yesterday's steep and broad sell-off in US equities after the dovish FOMC meeting failed to reassure the market on fears that yields and inflation will continue to rise. Also a look at the massive sell-off in crude oil, gold's interesting resilience and divergence from previous behavior, a round-up of the Bank of Japan meeting, FedEx and Nike earnings and more. Today's call with Peter Garnry on equities, Ole Hansen on commodities, and John J. Hardy hosting and on FX.

Today's slide deck:  https://bit.ly/2Nwjcs4   -

Today we round up yesterday's FOMC meeting and weigh the initial reaction after the Fed effectively flashed a very accommodative green light for risky asset and for USD bears, versus the follow-on nervousness due to the ongoing question of whether the Fed is making a "policy mistake" in seeing the rise in longer US yields as entirely benign. A look through the reaction in USD, US Treasuries, gold, credit, upcoming calendar events, Tesla versus the German automakers and more on the call. Today's episode with Peter Garnry on equities, Althea Spinozzi on fixed income, Ole Hansen on commodities, and John J. Hardy hosting and on FX.

Today's slide deck:  https://bit.ly/38OuyPn   -

Today we take a look at the run-up into today's potentially pivotal FOMC meeting, as the Fed likely wants to have a look at how the economy is shaping up after the vaccine roll-out before updating its guidance, but can't help in reacting to some degree - in the policy statement and in its policy and economic forecasts - to signs of strength already in the economy even before the passage of the recent huge stimulus package. Global assets will key off the implications of the FOMC meeting today on yields all along the yield curve. Today's episode with Peter Garnry on equities, Ole Hansen on commodities, and John J. Hardy hosting and on FX.

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

Today we look at the market's confident stance ahead of a possibly pivotal FOMC meeting tomorrow, where the market is nervously awaiting the Fed messaging around the SLR issue as well as any possible adjustments to guidance and the "dot plot". The US treasury auction today and UK yields ahead of an interesting speech are also on our radar. Elsewhere we discuss Volkswagen's impressive roadmap and its intent to effectively take control of the EV market, as Tesla CEO Musk declares himself "Techno-king". Our travel stock basket and much more also on the call. Today's episode with Peter Garnry on equities, Althea Spinozzi on fixed income and John J. Hardy hosting and on FX.

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

Today we look at the US treasury market closing last week at new cycle highs and the pivotal week ahead, as US stimulus checks hit the street this week and the FOMC meeting on Wednesday will see the latest Fed policy forecasts and possible other moves. We also look at whether travel stocks are over-anticipating the coming bounce-back in activity, gold showing an interesting change of behavior on Friday, AUD dropping on Chinese iron ore production signals and much more. Today's call with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Today's slide deck: https://bit.ly/2OrR0XN  - 

Today we look at the latest huge pump in US equities that has yielded to a significant dump overnight as US long treasury yields are poking at the highs for the cycle again. Also on the agenda - contrasting Volkswagen's rising star with Tesla's recent plunge, the euro and the ECB's dilemma with its PEPP programme, thoughts on credit and especially on why next week could prove a very volatile one, with the FOMC meeting and BoJ meeting and policy review on tap as US stimulus checks begin hitting the street - and the equity market as well. Today's call was with Althea Spinozzi on fixed income, Peter Garnry on equities, and John J. Hardy hosting and on FX.