FX Update: USD consolidation reaching pivotal levels
The US dollar continues to consolidate to the strong side as the Biden presidency approaches, one that was meant to weaken the US dollar further, given the slim Democratic control of Congress, but with the market constantly trying to operate on far future expectations, it may simply have gotten ahead of itself. Soon, however, this consolidation will become a bit more threatening for the USD bearish case if it continues.
Podcast: Markets starting off Biden inauguration week on a cautious note
Today, we look at the weak close on Friday as Q4 earnings season kicked off in earnest and how the market is treating the JP Morgan results in particular and a preview of Netflix. Also a look at the overall status of the US dollar and how the market will treat the arrival of the Biden administration, with the flurry of executive actions planned, not to mention stimulus potential. In commodities, the latest on crude oil and gold. Today's call with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
Market Quick Take - January 18, 2021
Markets are starting the week on a cautious note after a weak close on Friday and even as China chalked up a positive GDP growth number for 2020 in its Q4 growth tally overnight. Wednesday this week will market the transition to incoming US President Biden, and he is set to issue a flurry of executive orders from day one. Today, US markets are closed for a national holiday.
Macro Dragon WK 4: Zero Probability of No Violence in the US Given Inauguration Week
Macro Dragon = Cross-Asset Daily Views that could cover anything from tactical positioning, to long-term thematic investments, key events & inflection points in the markets, all with the objective of consistent wealth creation overtime.