Market pushing on resistance ahead of US CPI
Saxo Market Call
Summary: Today, we look at a the US equity market attempting a recovery into key resistance ahead of the macro data release of the week today in the form of the US January CPI. Elsewhere, bond yields also look pivotal after a very strong 10-year US treasury auction that saw strong foreign demand just after long US yields rose to new cycle highs this week. Plenty to focus on in equity markets after Disney and Uber boosted sentiment after the close and earnings season rolls on. In FX, focus on SEK and PLN on respective central bank developments and the rise in yields in EU countries saw strong demand at sovereign auctions. Today's pod features Peter Garnry on equities, Althea Spinozzi, and John J. Hardy hosting and on FX.
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