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For the aspirational trader and financial markets professional. Coming at you most trading days, 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
Wednesday Feb 08, 2023
Wednesday Feb 08, 2023
Link to slide deck: https://bit.ly/3I8xMj1 -
Today we look at the strong market rally yesterday after considerable volatility in the wake of Fed Chair Powell's interview. In the end, the market decided that Powell is benign and not anxious to push back against market expectations or the dovish interpretation of last week's FOMC meeting. We look at leading market sectors that suggest the market is pricing increasing probability of a new upswing in the economy. We also break down key stocks to watch, including Cybersecurity leader Fortinet, Vestas and more. In FX, the focus is on whether the USD rally can continue if the market feels the Fed is passive here. Today's pod features Peter Garnry on equities, with John J. Hardy hosting and on FX.
Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.
Click here to open an account with Saxo -
Intro and outro music by AShamaluevMusic
Tuesday Feb 07, 2023
Tuesday Feb 07, 2023
Link to slide deck: https://bit.ly/3E9G5J5 -
Today we look at the cross-market developments after the latest surge in US treasury yields and the US dollar on the market pricing Fed peak rate expectations back higher, wondering if the equity market can hold up under the pressure. In FX, the RBA waxed more hawkish overnight and Japan's December wage inflation data was the hottest in 25 years. Crude oil, gold, stocks to watch today, our Outlook dropping today and more also on today's pod, which features Peter Garnry on equities, with John J. Hardy hosting and on FX.
Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.
Click here to open an account with Saxo -
Intro and outro music by AShamaluevMusic
Monday Feb 06, 2023
Monday Feb 06, 2023
Link to slide deck: https://bit.ly/3wWC86b -
Today we break down the massive January jobs report surprise out of the US on Friday as the positive surprise was a multi-sigma event that shocked US yields and the US dollar back higher. The timing added to the reaction function after USD bears were already wrong-footed by a dovish ECB and Bank of England the prior day. We also look at the confusing mix of data that is keeping the signal-to-noise ratio on the direction of the economy very low. In equities, we look at what now be an entrenched secular decline in cloud computing growth, the earnings season for the week ahead and more. Today's pod features Peter Garnry on equities, with John J. Hardy hosting and on FX.
Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.
Click here to open an account with Saxo -
Intro and outro music by AShamaluevMusic
Friday Feb 03, 2023
Friday Feb 03, 2023
Link to slide deck: https://bit.ly/3l64rg2 -
Today we look at the market running away to the upside again yesterday in a melt-up driven by Meta's squeezing 25% higher and the Bank of England and ECB surprising loudly on the dovish side as they may pause their tightening regimes ahead of schedule. In late trading, the mood shifted to the downside on downbeat earnings reports from the three mega-caps Apple, Alphabet and Amazon all reporting after the close. We also look at the ugly gold reversal, soft commodities in the spotlight, earnings season still in full swing next week, the macro data up today and next 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.
Click here to open an account with Saxo -
Intro and outro music by AShamaluevMusic
Thursday Feb 02, 2023
Thursday Feb 02, 2023
Link to slide deck: https://bit.ly/3l4DE3P -
Today we look at the market ripping higher still after the FOMC statement and Powell press conference left plenty of room for the market to feel that its forward expectations for the Fed easing by later this year are spot-on, allowing the recent squeeze or rally in US markets to extend higher still, and through key resistance. We also look at strong Meta results after hours and preview the mother lode of earnings reports up today. A look a the reaction to the FOMC in FX as well as a preview for the ECB and BoE today, a run-down of crude oil and precious metals and more also on today's pod, which 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.
Click here to open an account with Saxo -
Intro and outro music by AShamaluevMusic
Wednesday Feb 01, 2023
Wednesday Feb 01, 2023
Link to slide deck: https://bit.ly/3XUY11O -
Today we look at the market gunning back higher after a soft employment cost index report for Q4 and, wouldn't you know it, a WSJ Timiraos article touting the possibility of a Fed pause after another March hike. What can Powell and company do today in the press conference to get financial conditions to tighten? And then we have the ongoing blitz of earnings reports, with Meta a concern today after a very weak Snap yesterday. Crude oil, metals, FX and more also on today's pod, which 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.
Click here to open an account with Saxo -
Intro and outro music by AShamaluevMusic
Tuesday Jan 31, 2023
Tuesday Jan 31, 2023
Link to slide deck: https://bit.ly/3kXwQEK -
Today we look at the sudden reversal in risk sentiment yesterday as US equities made an abrupt about-face and turned sharply lower, just after having challenged interesting resistance levels. No surprise to the see the US dollar gaining a strong bid on the change of mood, as the market suddenly shows a modicum of respect for incoming event risks, including tomorrow's FOMC meeting. A look at the shifting fundamentals for banks, earnings reports to watch today and tomorrow, crude oil and gold & much 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.
Click here to open an account with Saxo -
Intro and outro music by AShamaluevMusic
Monday Jan 30, 2023
Monday Jan 30, 2023
Link to slide deck: https://bit.ly/3HpAoaK -
Today we look at the market squeeze in the US continuing into the close last week, with bubble stocks finishing the week with a furious additional squeeze and Tesla up over 10% and now 75% from its lows from earlier this month. The Fed can't be happy and is likely set to push back as hard as it can against easing financial conditions at this Wednesday's FOMC meeting. Will it succeed? We also dive into the latest on copper and crude oil, the very busy earnings and macro calendar 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.
Click here to open an account with Saxo -
Intro and outro music by AShamaluevMusic