Weekly commodity update focusing on emerging signs, that several markets including commodities are seeing fading momentum. Driven by prolonged and new Covid-19 related lockdowns, now also in China and Hong Kong, as well as increased scrutiny on Biden's ability to get his stimulus package through Congress. Developments that may cause...

Movements in FX are moving sharply against recent trends as the commodity dollars are suddenly on their backfoot, while a less dovish than expected ECB is seeing the euro firming across the board, with the USD likewise firming against risk-correlated FX, especially in EM. The SaxoStrats team is urging near...

We are about to close a pivotal week for inflation sceptics. The hearing of Janet Yellen before the Senate Finance Committee, the 10-year TIPS auction and the rise in the Breakeven rate are suggesting that inflation is on the rise. Bondholders of nominal Treasuries will suffer large losses as the...

We are always taking a risk when we send out a cautionary note at a time when things have rarely been better, at least for the broader equity indices. But recent volatility events in some of the most speculative assets and technical developments across a number of assets, as well...

There is an unknown fragility and risk contagiousness related to the Tesla-Bitcoin-Ark positions which might be a on the cusp of entering a correlated selloff creating a negative feedback loop.Bitcoin was down 11% yesterday and is still struggling this morning to stabilize. Despite $65bn of wealth disappeared and maybe closer...

The Breakout Opportunities system has just sold GBPJPY at 141.662. The system recommends entering this trade at any price between 141.416 and 141.795. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.327, suggesting that the GBPJPY may have further...

Price is approaching resistance where we could see a reversal below this level to our first support level . Prices are holding below our Ichimoku cloud as well in line with our bearish bias.

Today, we look at whether it is time to take a few chips off the table at minimum on a few signs that the most speculative assets have hit a rough patch, as we question the ability of "story" and "theme" companies with zero earnings to continue their vertical ascent....

Price is approaching resistance where we could see a reversal below this level to our first support level. Prices are holding below our Ichimoku cloud as well in line with our bearish bias.