Saxo Market Call

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Today we look at the market bouncing back strongly yesterday as we await a data dump from the US today ahead of the long Thanksgiving weekend there. While the focus from the Fed is on how the FOMC delivers its "deceleration of tightening" message, it is worth noting that financial conditions are close to their easiest since the Fed began hiking in 75 basis point increments back in June. Will this receive any comments in the FOMC minutes release tonight? We also look at leading indicators pointing to an incoming recession, talk crude oil, copper and wheat, the RBNZ hiking 75 basis points overnight, stocks to watch and 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.

Intro and outro music by AShamaluevMusic

Today's slide deck: http://bit.ly/3EwDBDI   -

Click here to open an account with Saxo   -  

Today we look at the latest downbeat action in the equity market as we still await a more determined directional move after the multi-sigma upside explosion in the wake of the November 10 US CPI release. But it is interesting to note that the speculative nexus around crypto and Tesla are under intense pressure here and could prove a broader catalyst. We also look at the latest impact of rising Covid cases on commodities, the zany dump and pump yesterday in crude oil, the earnings and macro calendar 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

Today's slide deck: http://bit.ly/3Vd3jnt   -

Click here to open an account with Saxo   -  

Today we look at downbeat sentiment on the latest concern that the reopening trade in China isn't going to happen any time soon with the first official deaths from Covid there in months reported. Elsewhere, we look at tight inverse correlation between risk sentiment and the US dollar and positioning in the US FX futures market, the holiday-shortened week in the US, gold, copper & crude oil, incoming earnings including Dell and Zoom Video, the macro calendar for this week (including the US Thanksgiving holiday) and 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.

Intro and outro music by AShamaluevMusic

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

Click here to open an account with Saxo   -  

Today we look through key markets for the technical lay of the land, from the US and German equity markets to gold, US yields. We also note a very heavy crude oil market, with cycle support possibly coming into play in the days ahead. Elsewhere, we dive into some examples of the enormous rise in options trading and note the background risk this brings to the market, regardless of whether today's massive options expiry in the US on over $2 trillion in underlying assets proves a non-event. Today's pod features Saxo Technical Strategist Kim Cramer Larsson, 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

Today's slide deck: https://bit.ly/3URcx9q   -

Click here to open an account with Saxo   -  

Today we look at risk sentiment taking a breather after a particularly strong US October US Retail Sales report, although long US treasury yields fell on the day and took the yield curve inversion to its most negative in over forty years as markets continue to price a recession ahead. The key incoming data doesn't start rolling in for another couple of weeks, so we wonder if a possible shift in weather into proper winter mode could change the complacent stance in energy markets. Elsewhere, we wonder if the Budget Statement from UK Chancellor Hunt can continue to support sterling, look at the plunge in coffee prices, Nvidia and Siemens earnings, and more. Today's podfeatures Peter Garnry on equities and John J. Hardy hosting an on FX.

Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.

Intro and outro music by AShamaluevMusic

 

Today's slide deck: http://bit.ly/3txmyMH   -

Click here to open an account with Saxo   -  

Today we discuss US markets exploding higher yesterday after a soft PPI release, only to have an apparently Russian missile hitting Poland on the Ukrainian border roiling sentiment. The USD behavior yesterday was inverse to the swings in equities, pointing to more correlation with risk sentiment swings than US yields as we look ahead at today's US Retail Sales data. Crude oil, tightness in the commodity markets, the huge announcement from Apple on plans to purchase US-made chips and much more on today's pod, which features Peter Garnry on equities and John J. Hardy hosting an on FX.

Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.

Intro and outro music by AShamaluevMusic

Today's slide deck: http://bit.ly/3Tzac1b   -

Click here to open an account with Saxo   -  

Today we note an indifferent session yesterday yielding to a strong session for sentiment overnight in Asia, perhaps in part from the friendly tone in the wake of the Biden-Xi summit yesterday, but also on stimulus hopes after weak Chinese data overnight. Elsewhere, we note the shift in attitude in the gold market as the USD remains very weak, with the latter trading at pivotal support areas in places. Wheat, crude oil, key semiconductor stocks to watch and upcoming earnings and more also on today's pod, which features Peter Garnry on equities and John J. Hardy hosting an on FX.

Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.

Intro and outro music by AShamaluevMusic

Today's slide deck: http://bit.ly/3ttblgo   -

Click here to open an account with Saxo   -  

Today we continue to find reason to question the quality of this melt-up in equity markets after last Thursday's soft US CPI print, with the first prominent Fed official already out overnight with pushback against this drop in US yields. Still, that's not to say that the move can't extend in the short term, as the market is also hoping that a shift in China's Zero Covid policy is coming. Xi and Biden will meet today ahead of the G20 meeting. We also look at stocks to watch this week, an important week for earnings, the big moves in metals both precious and industrial, the US dollar and much more. Today's pod features Peter Garnry on equities and John J. Hardy hosting an on FX.

Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.

Intro and outro music by AShamaluevMusic