Market sentiment weakened yesterday ahead of key earnings reports from a handful of the largest US equity giants on Thursday, and after German SAP suffered one of its worst days ever with a drop of 20 percent, collapsing the DAX close to its 200-day moving average. It seems that pre-election...
Election home stretch
Markets remain choppy and generally directionless as we reach the home stretch of the US presidential race. Overarching political uncertainty continues to cloud the near term outlook. We are a seeing a general risk aversion grip risk assets as the US election draws closer and overnight US equities sold off...
IPOs, Stocks & Options for V-Rocket Recovery
The IPO market is on FIRE!
Chart of the Week: The Chicago Fed National Activity Index
Our 'Macro Chartmania' series collects Macrobond data and focuses on a single chart chosen for its relevance.Click here to download this week's full edition of Macro Chartmania. Today’s edition will focus on the state of the U.S. economy ahead of the presidential election. A few hours ago, the Chicago Fed National...
FX Update: Market nerves fraying on this last pre-US election week.
Some observers are selling a narrative of a tightening US race, but the outcome for the US Senate is the only issue credibly in play, as a Trump win would mean that the entire polling profession needs to be disbanded. Plenty is at stake, however, on that Senate outcome. Elsewhere,...
Inflation: the biggest challenge ahead. Webinar Invitation.
Join Saxo Bank's inflation webinar to gain a better understanding of inflation, how it can impact your investments and how to hedge against it.In life and the financial market, it is true that by not deciding to move in any direction, you are actually making a choice. This is especially...
Macro Digest: US election – T minus 8 days
We see a closer than expected race for the US presidential election which take place next week. Here we provide our long-term analysis, together with the recent headlines.Our long term analysis: Close to zero impact next four years from who becomes President. Both Biden and Trump have zero willingness or...
Earnings Watch: Patchy clouds on Trillionaires’ Row?
More than half of the combined market value in the global equity market will report earnings this week including the major US technology companies such as Microsoft, Apple, Amazon, Google and Facebook. More than 1,500 companies the global equity market with a market value above $1bn report earnings this week....
Fixed Income Markets: the week ahead
Prepare for a volatile week. With the US election barely one week away, we will see capital flying to safety and a flattening the US yield curve due to uncertainty. It will be just a momentaneous move as in the long-term, US yields will continue to rise as more stimulus...
GBPUSD retesting the channel, potential for further bounce !
GBPUSD retesting the channel, potential for further bounce !