Senior Relationship Manager
Good Morning,
The Dow Jones and Bitcoin hit new highs, German Inflation soars, Weidman resigns – Everything Bubble calls are getting louder again.
US 10 year yields are trading at 1.65 and the USD Index at 93.60, the Vix fell to a two month low on less risk aversion.
The EURUSD rose to 1.1650, GBPUSD rose above 1.38 Gold and Silver can rise to 1785 and 24.55. Gold has significant levels at 1800 and 1810 ahead of the important 1835. Silver needs to break above the 25 level.
The ProShares Bitcoin Strategy it has become the fastest fund ever to reach $1 billion in AUM and new shouts for 100k levels and even higher for this year are getting louder again for Bitcoin. As the BITO does not supply a so called Key information document it is not available for distribution to retail clients in Europe, there are other instruments to trade bitcoin available such as the BTCUSD or ABTC:xswx. Bitcoin traded at 67000 for the first time yesterday and is slightly below that level now.
Tesla beat results yesterday but failed to excite investors, the stock fell slightly in the aftermarket but only by 14 USD, IBM missed expectations and fell by 5% after hours.
Evergrande’s shares fell more than 10% after a real estate sale failed.
Barclays, Unilever and Jyske as well as Kühne and Nagel beat expectations today, ABB misses as supply chain issues hurts sales.
Jens Weidman, Head of the Bundesbank and strong hawk announces his resignation with effect at year end yesterday, that could be a dovish signal.
China indicated it may intervene to break the rise in coal prices sending futures loser, overall energy prices remain high and in a sign of market tightness, WTI futures contracts are currently in steep backwardation. Russia stated it`s storages were 97% full
Today the initial jobless claims out of the US, the Philly Fed Business Index, both at 14:30 CET and the EU Consumer confidence will be important releases, it will be interesting if Inflation is starting to weigh on the sentiment in the EU. Key company results are Intel and AT&T
Safe trading!
A new fragmented world order can render some of today's infrastructure obselete, but it also calls for massive new investments across the globe, which requires a new set of strategic and tactical investment strategies.
Steen Jakobsen,
Chief Investment Officer
As globalisation turns to fragmentation, China seems set on playing a role in the global economy, while simultaneously working towards proofing its own economic situation from external shocks and crises.
Redmond Wong,
Market Strategist
The recent bank runs and ensuing challenges are reminicent of something we've seen before. Will it end like the S&L crises of 1986 and 1995?
Chris Dembik,
Head of Macroeconomic Research
Equity markets need to recalibrate to another - fragmented - global world. What's your view on equities in this market - are they going up or down?
Peter Garnry,
Head of Equity Strategy
With every development comes new opportunites, some of which could be in India. Have you considered the country as a part of your diversification strategy?
Charu Chanana,
Market Strategist
A collar is an option strategy that allows some protection while maintaining some upside potential. What investment would you like to use a collar strategy for?
Hans Oudshoorn,
Trainer Academy
There are arguments to be made for many commodities to have upside. Which are you paying the most attention to this quarter?
Ole S. Hansen,
Head of Commodity Strategy
In a very challenging macro environment, which currencies do you think will come out on top?
John J. Hardy,
Head of FX Strategy