SAXO Saxo Strategy Team
Global Market Quick Take: Europe – 2 April 2024
Key points:Equities: Equities are 2.4% higher in Hong Kong on stronger than estimated Chinese PMI figuresFX: Dollar strength continues into April with focus on JPY and GBP weaknessCommodities: Geopolitical tensions lift crude and gold prices. China PMI re...
6 months ago
Global Market Quick Take: Europe – 5 April 2024
Key pointsEquities: Japanese equities tumble on hints of new BOJ rate hike in second half of 2024FX: Dollar halts 3-day slide as stocks head south and geopolitical tensions riseCommodities: Best week since October led by silver, diesel, and copperFixed In...
6 months ago
Global Market Quick Take: Europe – 8 April 2024
Key pointsEquities: Quiet start to week, Japanese equities in focus, Q1 earnings start, and Tesla under pressureFX: The dollar softens despite economic data strengthCommodities: Crude oil pulls back, FOMO drives gold to fresh recordFixed Income: Bonds sel...
6 months ago
US inflation report: How to trade the event
What: US March inflation report When: 12:30 GMT (14:30 CET) on Wednesday, 10 April 2024Expectation: CPI YoY 3.4% vs 3.2% (Feb) and core CPI YoY 3.7% vs 3.8% (Feb)How will market likely react? US inflation has been running hot recently, with housing prices...
6 months ago
Global Market Quick Take: Europe – 9 April 2024
Key points:Equities: Japanese and Chinese equities are up 1%. Focus on miners and NFIB Small Business Optimism.FX: Weaker dollar pushes smaller currencies higherCommodities: Crude’s tensions bid returns; gold continues higherFixed Income: U.S. Treasuries...
6 months ago
Global Market Quick Take: Europe – 10 April 2024
Key points:Equities: Chinese equities continue to rebound. Tesco increases profit guidance and launch £1bn buyback.FX: The dollar trades soft ahead of CPI and Bank of Canada rate decisionCommodities: Record-breaking gold highlights silver and platinum’s p...
6 months ago
ECB rate decision: How to trade the event
What: ECB rate decisionWhen: Rate decision and press release on 11 April at 12:15 GMT (14:15 CET) and post-meeting press conference at 13:00 GMT (15:00 CET)Expectation: Interest rate maintained at 4.5%. Laying the ground at the press conference for a pote...
6 months ago
Global Market Quick Take: Europe – 11 April 2024
Key points:Equities: Equities are in waiting mode ahead of today’s ECB rate decision.FX: Dollar near five-month high, USDJPY above key levelCommodities: Gold strength despite strengthening headwinds,Fixed Income: growing divergence between the Federal Res...
6 months ago
Global Market Quick Take: Europe – 12 April 2024
Key points:Equities: Key focus is earnings from JPMorgan Chase, Wells Fargo, and Citigroup.FX: Euro weakness with focus on June rate cutCommodities: EU and US gas prices diverge; Fresh gold recordFixed Income: Weak 30yr US Treasury auction suggests long-t...
6 months ago
Global Market Quick Take: Europe – 15 April 2024
Key points: Equities: US and European equity futures are pointing higher ahead of Q1 earnings this weekFX: Dollar remains the ultimate havenCommodities: Muted response to already priced in Iran attack; Russia sanctions lift aluminum and nickelFixed Incom...
6 months ago
Global Market Quick Take: Europe – 16 April 2024
Key points: Equities: All markets are tumbling 1.5-2% as Israel vows retaliate Iran attack FX: Fresh five-month dollar high; yen on intervention watch Commodities: Gold stands out on Iran/Israel tit-for-tat worries, new cycle highs in cocoa,...
6 months ago
Global Market Quick Take: Europe – 17 April 2024
Key points:Equities: Momentum in equities has slowed for now. ASML Q1 results disappoint.FX: Subdued dollar momentum near peaksCommodities: Gold exceptionalism amid dollar and yield strengthFixed Income: Policymakers indicate “high-for-longer" stance driv...
5 months ago
Global Market Quick Take: Europe – 18 April 2024
Key points:Equities: Both US and European equity futures are pointing slightly higherFX: Dollar runs out of steam, JPY on intervention watchCommodities: Crude slumps as traders' pair back risk premiumFixed Income: Sovereign bonds rebound as the surge in o...
5 months ago
Global Market Quick Take: Europe – 19 April 2024
Key points:Equities: Down across the board on Israel’s attack deep into Iran as geopolitical tensions rise.FX: Dollar strength resumesCommodities: Crude’s risk premium receives a fresh boost on MidEast tensionsFixed Income: Federal Reserve members' speech...
5 months ago