Podcast: More resilient US data ahead of August jobs report
Saxo Market Call
Summary: Today we discuss the US market finding support at a very technical level yesterday ahead of today's US August jobs report. US Treasury yields continue to ratchet higher, particularly at the longer end of the yield curve, suggesting that resilient data is beginning to register on yields. We also discuss the US government blocking NVidia from exporting some chips, why gasoline prices are plunging while diesel prices remain resilient, the latest on Natural Gas, today's US August jobs report and where to look for surprises there. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
Listen to today’s podcast - slides are found via the link.
Follow Saxo Market Call on your favorite podcast app:
Latest Market Insights
Quarterly Outlook Q3 2022: The Runaway Train
- Central banks' attempts to kill inflation is a paradigm shift, which could end in a deep recession.
Tangible assets and profitable growth are the winners
Understanding the lack of investment appetite among oil majors
The pressure is on as the wind leaves the sails
Why the Fed can never catch up and what turns the US dollar lower?
Bank of Japan: Swimming against the tide
Green transformation detour and bear market hibernation
Crisis redux for the eurozone?
Technical Outlook: Gold, Oil and a remarkable multi-decade perspective on Equities
China: the train of new development paradigm left the station two years ago