FX Breakout Monitor: USD poking at breakout levels amidst record calm
Record low volatility and a recent past littered with failed directional momentum trades are not inspiring confidence for breakout prospects, but the US dollar is poking at important upside break levels in places if it continues higher from here after starting with a recent break higher in USDJPY.
FX Update: Low beta blues, sterling churning
The ongoing melt-up in risk appetite continues to see little feed-through into the developed market currencies traditionally positively correlated with risky assets. Elsewhere, not even the impressive strength in the Chinese renminbi is driving consistent pattern in China-exposed emerging market currencies.
FX Update: Where to focus now that US-China trade deal delivered
The US-China trade deal has now been signed and the market is now left wondering to what degree China will live up to the promises it contains, particularly the large scale purchase of US products. Markets seems to indicate clear sailing, but our concerns remain, starting with Fed messaging on policy and the current state of the US economy.
Saxo Liquidity Dashboard
This is the first edition of the Saxo Liquidity Dashboard. We believe that in the era of central bank power and USD dominance, it is of prime importance to track the evolution of central bank liquidity and USD liquidity. Our dashboard features a number of indicators that will give you some clues about the direction of the global economy and financial markets and will help you formulating your investment decisions.
Climate Deeply Embedded in Risk and Opportunity
The climate agenda will bring a shift in policy priorities and climate change itself brings numerous physical risks that corporations must prepare for. Here we note the importance of these risks and consider the implications for asset markets. Which sectors are most at risk and who stands to gain.