Market holding its breath within pivot zone
Saxo Market Call
Summary: Today, we look at a market that seems to be holding its collective breath in a pivotal zone for chart technical as earnings continue to roll in and as yields have surged to new highs for the cycle in many countries, not least in Japan, where the Bank of Japan's yield cap at 0.25% may soon find itself challenged. A look at crude oil and softs, equity market focus, whether the 70's experience is relevant for today's equity market and more in today's pod, which features Peter Garnry on equities, Ole Hansen on commodities, and John J. Hardy hosting and on FX.
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