Today we look at a tepid session in the US as we continue to await stimulus news, sift through the ugly earnings report from Intel after the close yesterday, ponder the long end of the yield curve in the US and Italy, look at how to hedge a disruptive US...
Extreme trader sentiment points to possible NZDUSD uptrend
The Trend Follower Strategy has just bought NZDUSD at 0.66662. The system recommends entering this trade at any price between 0.66538 and 0.66786. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.55258. This suggests that the NZDUSD could be trending upwards.The 14-period...
Market Quick Take – October 23, 2020
Markets generally traded in tight ranges yesterday, though we continue to note the loud signal the US bond market continues to throw off as longer US treasury yields have risen to nearly their highest level since the spring. The second and final US presidential debate was far more civil than...
Treasury Inflation-Protected Securities (TIPS) what they are an how to trade them.
As inflation expectations continue to rise, it is crucial to understand how to hedge against it. In this page, we look at Treasury Inflation-Protected Securities (TIPS) and explain what they are and what are the risks involved in trading with them. Given the extraordinary times we are living in, Saxo...
A brief history of inflation as a monetary and political phenomenon
Since COVID-19, we have seen a series of upside surprises in inflation data, notably in emerging markets and in food prices, that mostly reflect the major imbalances related to the pandemic and the global lockdown. However, we cannot rule out the risk of inflation overshooting in the coming years due...
ECB Preview: More is better
We are onboard with consensus expecting no policy change at that meeting. However, given the deteriorating situation on the pandemic front and the implementation of further restrictions, the central bank is likely to adopt a more dovish stance, thus opening the door to further accommodative measures by year-end.In our view,...
FX Update: GBP resurgent, TRY hits new low on failure to hike rates.
The US dollar has refused to stay down after its latest sell-of yesterday, while broad JPY strength remains. The key focus since late yesterday, outside of the sudden jolt higher in the JPY, is the huge bounce-back in sterling as the EU and UK resumed talks in London today. We...
GBPJPY is approaching support, potential bounce
Price is approaching our support in line with our ascending trend line , horizontal pullback support, 50% fibonacci retracement and 100% extension. Ichiomku cloud is showing signs of bullish pressure in line with our bullish bias.
GBPJPY is approaching support, potential bounce
Price is approaching our support in line with our ascending trend line, horizontal pullback support, 50% fibonacci retracement and 100% extension. Ichiomku cloud is showing signs of bullish pressure in line with our bullish bias.
Snap’s explosive growth and a Tesla surprise
Snap and Tesla both delivered positive surprises yesterday bolstering the growth vs value trade. We take a look at both results and what it means for the two companies.US earnings continue to surprise to the upside with S&P 500 Q3 earnings so far up 17% q/q although still behind consensus...