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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.
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SaxoStrats

Market Call Podcast

John Hardy
Head of FX Strategy
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Forex

FX Update: USDJPY suddenly points to a chink in USD bears’ armor

John Hardy
The US dollar staged either a comeback or a short-squeeze on Friday, depending on the USD pair in focus. It was a move that looked modest relative to recent weakening in the USD of late , but the back-up in USDJPY was particularly forceful and is the first chink of any note in the armor for USD bears. The next USD pair with pivotal levels coming into sight is AUDUSD ahead of a little-anticipated RBA meeting tonight.
Macro

Market Quick Take - August 3, 2020

John Hardy
Stocks ended July in mixed fashion, with the major US indices still perched near the highs for the cycle, while Europe is struggling into the close of the month, held down in part by the very strong euro in July. As the often-volatile month of August gets underway, earnings season is still a focus, if less so, while US employment data and the course of COVID-19 virus resurgence are in focus this week.
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Equities

Banks are struggling, big tech earnings review, TikTok would be a scoop for Microsoft

Peter Garnry
Banks are wobbling with disappointing earnings and a bleak outlook while earnings from big US technology companies last week gave investors a path to more gains in equities. Microsoft is continuing its talks with ByteDance to acquire TikTok in the US, Canada, Australia and New Zealand following the Trump administration's ban on TikTok in the US.
Macro

Macro Dragon: Welcome to WK # 32... RBA, Final PMIs, ISMs+ NFP, Biden's VP

Kay Van-Petersen
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.
Macro

Market Quick Take - July 31, 2020

John Hardy
The four US megacap companies Apple, Alphabet, Amazon, and Facebook were out with blowout results after the close yesterday, bringing a massive new boost to US equity futures in late trading. The success of these monopolistic companies is clearly not a sign of the health of the overall economy, and bond yields continuing lower suggest a darkening outlook. The USD, meanwhile, notched new lows for the cycle.
Strats_Blue-I
Podcast

Podcast: The cognitive dissonance is beginning to hurt

Saxo Market Call
Today a look at the blowout earnings reports from the four US megacaps Apple, Alphabet, Facebook and Amazon yesterday, while noting the strong divergence in US and European equity markets yesterday, as well as the cognitive dissonance of watching US 10-year yields edge towards record lows on safe haven bond strength and lack of supportive backdrop for the weak USD narrative at the moment.
Forex

FX Update: USD focus on stand-off over next round of stimulus.

John Hardy
The FOMC meeting was largely a non-event, though Fed Chair Powell was right in reminding the audience in the press conference that it can only lend, and not spend. On that note, the standoff in the US over the next round of stimulus is an overriding concern. A weak German GDP estimate for Q2 and fears of further moves against the virus resurgence in Europe are hitting risk sentiment and boosting the USD today.
Podcast

Podcast: Stimulus concerns growing. Earnings mother lode today.

Saxo Market Call
On the call today, we have a look at the rather indifferent FOMC meeting, even if important themes were discussed by Powell during the press conference. Elsewhere, the standoff between the Trump administration and Congress on further stimulus is a prominent concern for markets until a breakthrough is achieved. Today, equity traders should be zeroing in on the mother lode of earnings reports from Apple, Alphabet, Amazon and Facebook - all after the close today.
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