CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
For institutions
Log in Open account
International
Erik Schafhauser Zürich

Morning Brew January 21 2022

Morning Brew 1 minute to read
Erik
Erik Schafhauser

Senior Relationship Manager

Summary:  Risk Off drives Yields Lower, Netflix and Peleton sell off

Good Morning

There are a number of margin changes today, you can see if you are affected by checking if you have a blue “I” in your account bar or in your account statement. If you see click on it, you will see the change. There should not be any dramatic impacts that we could see.

US Equities continues their descent yesterday with the Dow down 0.89%, the S&P sheds 1.1% and the Nasdaq 1.3%. Netflix dropped sharply from a close of 508 to 405 after a poor outlook. Peleton falls 24% on news of falling demand and production halts. Big tech down again, Apple -1%, Alphabet -1.3Meta -1% and Nvidia -3.6, Tesla is stable at 995. Yields fall sharply on a shift into bonds and the US 10 year is trading at 1.78 after testing the 2 just two days ago. The EU 10 year falls below 0 again.

Bitcoin down 6% on technical selling and Russia considering a ban. We are just trading at the 38k support line where the price turned in March 2021.

Oil falls 1.8%after data shows a build in US inventories -

The USD Index gives up ground on the falling yield, not following the risk off sentiment . There are no huge moves: EURUSD 1.1330 GBPUSD 1.3590 Gold 1840 and Silver 24.40 EURCHF 1.0365

U.S. Secretary of State Antony Blinken and Russian Foreign Minister Sergei Lavrov are scheduled to meet in Geneva today,

Rio Tinto fell almost 5% after Serbia withdrew a lithium exploration license, stating ecological concerns. There is open suspicion that Australia’s failure to let Novak Djokovic play in the Australian Open was the actual cause.

Schlumberger reports earnings today and Canadian Retail sales at 14:30as well as the EU Consumer confidence at 16:00 are of Interest. In the night from Sunday to Monday, the Australian and Japanese PMI will be released.

Expiries
Physically Settled Futures:

ECOG2 will expire 23th January 2022 at 10:00 GMT.

NGG2G2 will expire 27th January 2022 at 10:00 GMT.

GCG2, MGCG2 will expire 28th January 2022 at 16:00 GMT.

Expiring CFDs:

NATGASUSFEB22 will expire 25th January 2022 at 16:00 GMT.

INDIA50JAN22 & TAIWAN95JAN22 will expire 27th January 2022 at 02:00 GMT.

GASOLINEUSFEB22, GOLDFEB22 & HEATINGOILFEB22 will expire 27th January 2022 at 16:00 GMT.

Trade safely

 

This content is marketing material. 
None of the information provided on this website constitutes an offer, solicitation, or endorsement to buy or sell any financial instrument, nor is it financial, investment, or trading advice. Saxo Bank A/S and its entities within the Saxo Bank Group provide execution-only services, with all trades and investments based on self-directed decisions. Analysis, research, and educational content is for informational purposes only and should not be considered advice or a recommendation.

Saxo’s content may reflect the personal views of the author, which are subject to change without notice. Mentions of specific financial products are for illustrative purposes only and may serve to clarify financial literacy topics. Content classified as investment research is marketing material and does not meet legal requirements for independent research.

Saxo partners with companies that provide compensation for promotional activities conducted on its platform. Some partners also pay retrocessions contingent on clients investing in products from those partners.

While Saxo receives compensation from these partnerships, all educational and research content remains focused on providing information to clients.

Before making any investment decisions, you should assess your own financial situation, needs, and objectives, and consider seeking independent professional advice. Saxo does not guarantee the accuracy or completeness of any information provided and assumes no liability for any errors, omissions, losses, or damages resulting from the use of this information.

Please refer to our full disclaimer and notification on non-independent investment research for more details.

Saxo Bank A/S (Headquarters)
Philip Heymans Alle 15
2900 Hellerup
Denmark

Contact Saxo

International
International
Pricing
Account types
About Saxo
Legal

Warning

All trading and investing comes with risk, including but not limited to the potential to lose your entire invested amount.

Information on our international website (as selected from the globe drop-down) can be accessed worldwide and relates to Saxo Bank A/S as the parent company of the Saxo Bank Group. Any mention of the Saxo Bank Group refers to the overall organisation, including subsidiaries and branches under Saxo Bank A/S. Client agreements are made with the relevant Saxo entity based on your country of residence and are governed by the applicable laws of that entity's jurisdiction.

Apple and the Apple logo are trademarks of Apple Inc., registered in the US and other countries. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.