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For the aspirational trader and financial markets professional. Coming at you two to three times a week, the Saxo Market Call is the high frequency podcast for real-time analysis of the financial markets across asset classes, from forex and rates to equities and commodities.
Episodes
Monday Dec 19, 2022
Monday Dec 19, 2022
Today's slide deck: https://bit.ly/3VaVYnU -
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Today we look at whether investors have anything left to express in global markets for the balance of this calendar year after the traumatic experience for portfolios that 2022 has delivered. We delve into the latest on Tesla as its stock price continues to crater, we check in on FX positioning and special impacts on the US dollar from debt ceiling shenanigans that are afoot once again head of the new Congress set to take charge in two weeks time, look at precious metals technicals, stocks to watch this week and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.
Intro and outro music by AShamaluevMusic
Friday Dec 16, 2022
Friday Dec 16, 2022
Today's slide deck: https://bit.ly/3UZqbGx
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Today we look at an ugly day for global equity markets, with a bloodbath in Europe yesterday on a suddenly over-ambitious ECB that surprised with maximum hawkishness and spiked European rates, even if this ECB will hardly be able to carry out significantly more tightening than its global central bank peers from here. The Bank of England, meanwhile, surprised on the dovish side, taking down sterling several notches. We also look at natural gas and commodity backwardation perspectives, an interesting signal from First Quantum Mineral's run-in with Panama's government, earnings for the week ahead and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.
Intro and outro music by AShamaluevMusic
Thursday Dec 15, 2022
Thursday Dec 15, 2022
Today's slide deck: https://bit.ly/3Wh2MS2 -
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Today we look at the FOMC waxing about as hawkish as one could expect with higher inflation and rate projections for next year, especially relative to market expectations. And yet, despite some churning, US yields and the US dollar reacted very modestly to the meeting. Still, this morning has seen some sudden USD strength and weak risk sentiment - could this be due to forward liquidity concerns rather than anything the Fed delivered yesterday? Thoughts on precious metals, crude oil, today's heavy central bank calendar and more also today's pod, which features Ole Hansen on commodities and John J. Hardy hosting and on FX.
Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.
Intro and outro music by AShamaluevMusic
Wednesday Dec 14, 2022
Wednesday Dec 14, 2022
Today's slide deck: https://bit.ly/3WeCzUi -
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Today we look at yesterday's reaction to the softer than expected US November CPI data, with equity market upside fading quickly even as the reaction in US yields and the US dollar was stickier. We also discuss today's upcoming FOMC meeting, with the Fed facing a tough task if it wants to push back against easing market conditions and Fed policy expectations today. We also look at Tesla posting new cycle lows and concerns for the stock and EV market, Apple, Inditex, crude oil, precious metals, and more. Today's pod features Peter Garnry on equities, Ole S Hansen on commodities and John J. Hardy hosting and on FX.
Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.
Intro and outro music by AShamaluevMusic
Tuesday Dec 13, 2022
Tuesday Dec 13, 2022
Today's slide deck: https://bit.ly/3hm7gYN -
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Today, we highlight the absurd levels of volatility around recent US CPI releases ahead of today's US November CPI data point, noting signs that market speculators and hedgers are revving up for another blast of volatility in the wake of today's release. At the same time, we suggest that the reaction function may be difficult as the FOMC meeting follows hot on the heels of this release the following day. Elsewhere, we look at precious metals and copper levels, whether regulators will (or should) approve mergers like the Novozymes-Christian Hansen attempt, earnings to watch for the rest of the week and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities, with John J. Hardy hosting and on FX.
Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.
Intro and outro music by AShamaluevMusic
Monday Dec 12, 2022
Monday Dec 12, 2022
Today's slide deck: https://bit.ly/3HnKoTo -
Click here to open an account with Saxo -
Today, we look at what will likely prove a volatile week ahead for financial markets as the monthly US CPI release due tomorrow has sparked tremendous volatility and is up tomorrow, with an FOMC meeting and fresh set of Fed dot plot policy forecasts to follow on Wednesday. Elsewhere, we focus on the odd combination of power prices spiking in Europe even as gas prices ease, discuss low open interest in the commodities market, look at the week ahead in earnings and more. Today's pod features Ole S Hansen on commodities and John J. Hardy hosting and on FX.
Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.
Intro and outro music by AShamaluevMusic
Friday Dec 09, 2022
Friday Dec 09, 2022
Today's slide deck: https://bit.ly/3Pdd9E4
Click here to open an account with Saxo -
Today, we look at recent commodity market performance, where hopes for a reopening of Chinese activity is weighed against concerns for the forward outlook elsewhere. We also highlight the market's conviction that the Fed will be cutting rates in the second half of next year and wonder how the market will treat a less accommodative dot plot from the Fed at next Wednesday's FOMC meeting. A look at recent earnings reports, soybeans ahead of today's important WASDE report and much more on today's pod, which features Peter Garnry on equities, Ole S Hansen on commodities and John J. Hardy hosting and on FX.
Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.
Intro and outro music by AShamaluevMusic
Thursday Dec 08, 2022
Thursday Dec 08, 2022
Today's slide deck: https://bit.ly/3Y3gQAi -
Click here to open an account with Saxo -
Today, we look at the overall sense that market players don't want to take any strong new bets until we get to the other side of Dec 31. We also look US treasury yields dropping through pivotal levels at the longer end of the curve and the remarkable fact that the curve remains near its most inverted even as the 2-year yield is at local range lows. The market is increasingly convinced that Fed easing is set to start within 12 months after a bit more hiking next week and early next year. We also look at crude oil dynamics, natural gas in Europe, Swedish housing prices, weak outlook from US banks, the latest woes for Tesla, the Bank of Canada keeping CAD the weakest of G10 currencies, and more. Today's pod features Peter Garnry on equities, Ole S Hansen on commodities and John J. Hardy hosting and on FX.
Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.
Intro and outro music by AShamaluevMusic