The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
Head of FX Strategy
Summary: Asian equity markets traded sideways overnight after tepid gains yesterday in major markets. In FX, the euro blasted above the 1.2000 level, although its move seemed out of step with the action in other US dollar pairs, which have yet failed to confirm broader US dollar weakness. Fed Chair Powell testified yesterday but gave no clues on his stance on further easing at the December FOMC meeting.
What is our trading focus?
What is going on?
What we are watching next?
Earnings releases this week are running low as we are off season. But the releases below are worth following:
Economic Calendar Highlights for today (times GMT)
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