Saxo Market Call

Today's slide deck: bit.ly/2sGP4iNIn today's call, we look at the market digesting Trump's suggestion that he might prefer to wait until after the US election next November before striking any trade deal. Interestingly, while risk sentiment has been clearly impacted, there are a number of divergences in less liquid indications of risk appetite. Today with Ole Hansen on commodities and hosting, John J. Hardy on FX.

Today's slide deck: https://bit.ly/35R8X50 Today we discuss yesterday's unusual trifecta of weak equities, weak bonds and a weak USD and what to make of it after the Tariff Man Trump returned to the scene threatening tariffs on Argentina, Brazil and France and the after the US November ISM Manufacturing came in weaker than expected. On today's call, Ole Hansen on commodities and John J. Hardy on FX.

Today's slide deck: https://bit.ly/2rOzPDS Today a discussion of the ongoing melt-up in global equities and perspective on equity valuations, a robust discussion on the oil market after the huge drop on Friday as OPEC are set to meet later this week, and a look at bond yields on the move - especially in Japan. Today with Peter Garnry on equities, Ole Hansen on commodities, and hosting, John J. Hardy on FX.

Slide deck for today's call: https://bit.ly/2OoffTJ Today we run through the ongoing melt-up in equities, which has largely gone global, but at the same time fret increasing evidence of a slowdown in employment numbers. Interesting to see how the market treats today's busy US economic data calendar, given where the US dollar is trading and the upcoming US Thanksgiving holiday. Today with Peter Garnry on equities and hosting, John J. Hardy on FX.

Slide deck: bit.ly/37FBYT1Head of FX Strategy John J. Hardy takes a deep dive into the FX market in this full update, looking for key developments from here that will determine the US dollar's fate as we wend our way into 2020. Also, a broader discussion of central bank policy signaling, the outlook for sterling over Brexit, the Australian dollar, thoughts on EM and much more.

Today's slide deck: bit.ly/2OmaIBkThe US-China trade talks continue to throw headlines at the market and yesterday's comment that the two countries had "reached consensus on properly resolving relevant issues" took equities to new highs. Meanwhile the Chicago Fed National Activity Index printed the third worst monthly activity number in October since January 2014 in a striking divergence between weak macro and strong equities. In today's Market Call we also discuss gold, coffee and wheat.

Today's slide deck: bit.ly/33cmuCwIn today's Market Call we talk about risk-on sentiment coming back into the market with China's IP theft concessions over the weekend. We also a look at GBP as Johnson launched a "manifesto" over the weekend promising tax cuts and more spending on NHS. Later today at 09:00 GMT the IFO survey (Nov)is published with a significant rebound expected in Germany's manufacturing sector which could lead DAX futures closer to a 5-year high. In addition we also cover gold, USD positioning and oil.

In this Market Call Special Edition we zoom out to provide a more comprehensive overview of our thoughts and ideas as they apply to financial markets. We talk about the economy, the potential mis-pricing of the FOMC meeting in January, US election in 2020, how to be positioned for the next turn in markets, the importance of gold as the Fed eases more, the potential reversal of ECB policy and much more.

Today's slide deck: bit.ly/2OzPtuJIn today's Market Call we focus on quiet markets following increased volatility during the week as the US-China trade talks took another roller-coaster ride. Macro data yesterday continued to weaken with US Leading Indicators Index falling in October and US initial jobless claims rising. In addition we talk about oil still holding its firm uptrend and the recent big move in coffee as fundamentals are finally beginning to improve. The main macro events today are PMI surveys (Nov P) from France, Germany, UK and US.

Today's slide deck: bit.ly/35nd3BHIn today's Market Call we focus on the never-ending US-China trade negotiations that added to risk-off in US session. We also talk about how US Q4 GDP Nowcast from NYFed is fast approaching zero from 2% back in September showing that the Fed might again behind the curve on policy. In addition we talk about gold, platinum, soybeans and the recent move from Google to curb political ads targeting as we approach the US 2020 general election.