Podcast: It’s FOMC week, as market ponders taper talk and forecast shifts.

Podcast: It’s FOMC week, as market ponders taper talk and forecast shifts. by Saxo Group
‘Today we wrap up Friday’s positive action in the equity market as we continue to note that US treasuries may be a barometer for excess liquidity, not the market’s assessment of inflation risks or the growth outlook. In FX, it was curious to see a sharp USD move higher when nothing else was afoot, perhaps a nod of the head at whether the FOMC is set for a talking up an eventual taper move and the unavoidable forecasts adjustements at Wednesday’s meeting. Elsewhere, energy is picking up more investor focus than metals and grains, a couple of big and interesting names are reporting earnings this week despite the thin calendar, and in EM, Turkey is a major focus this week. On today’s pod were Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

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Topics: Podcast Forex Equities Commodities Macro Nasdaq EURUSD Gold Crude Oil US Election