Podcast: USD knee-jerks lower on dovish (as expected) FOMC

Podcast: USD knee-jerks lower on dovish (as expected) FOMC by Saxo Group
Today we run through the FOMC non-event that kept the Fed in wait-and-see mode as expected, although it was sufficiently dovish to trigger a slightly lower anticipation of eventual Fed tightening and a weaker US dollar. We also look at Biden’s address on his stimulus and tax proposals, important inflation expectations considerations for the development in US yields, EU yields as the German Bund trades at critical support, how EU yields are driving EURJPY, and not least, run through Apple’s latest strong result and earnings reports on the docket for today. Today with Peter Garnry on equities, Althea Spinozzi on fixed income, and John J. Hardy hosting and on FX.

Listen to today’s podcast and have a look at today’s slide deck.

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We invite you to send any questions and comments you might have for the podcast team. Whether feedback on the show’s content, questions about specific topics, or requests for more focus on a given market area in an upcoming podcast, please get in touch at marketcall@saxobank.com.
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Topics: Podcast Forex Equities Commodities Macro Nasdaq EURUSD Gold Crude Oil US Election