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Article / 1 hour agoA very big week for markets with the Fed, ECB, BoE and several more central banks scheduled to make monetary decisions. Equities are slightly lower in low-volume trading ahead of these meetings.Read the article
Video / 4 hours ago
Macro Monday WK 50: Fed hike, Bitcoin futures, Santa melt-upKay Van-PetersenIn this webcast, Saxo’s Asia Pacific team discuss this week’s important macro issues in trading and investment including Fed hike, Bitcoin futures and, Santa melt-up.
Video / 5 hours ago
From the Floor: Rate decisions from FOMC, BoE and ECB in focus#SaxoStratsWe've a very big and very busy week ahead with Janet Yellen's final rate hike as Fed chair "basically nailed".
Article / 5 hours ago
COT: Short dollar position expands again — #SaxoStratsAfter almost hitting neutral four weeks ago, the combined short dollar position against eight IMM currency futures increased again last week, this time by 8% to $6 billion. The JPY is the most shorted while the EUR remains the favored long trade.Read the article
Article / 11 hours ago
Morning Report APAC: Asia unfazed by impending hikeBitcoin may have gone live and the US may be looking for a rate hike in a few days, but its seems it has all been priced in in Asia. Markets this morning were mixed, if not subduedRead the article
Article / 11 hours ago
Macro Monday: Fed hike, Bitcoin futures, Santa melt-up — #SaxoStratsIn this final Macro Monday column for the year, we take a look at the impending Fed hike, and today's launch of Bitcoin futures. And we also review likely trends and development in the lead-up to Christmas.Read the article
Squawk / Saturday at 11:16 GMTCommitments of Traders tables covering the week to December 5 in commodities, IMM forex, bonds and stock index futures. Additional updates to follow on Monday
Squawk / Friday at 21:47 GMTUS financial markets crawled into the close on Friday, with stocks, bond yields and USD all up modestly.
The 2 year v 10 year bond spread, a measure of yield curve shape, is back up to 59 bp from 50 bp earlier in the week. That’s helping USD,
USD may get another boost after the Fed’s meeting winds up on Wednesday https://www.tradingfloor.com/posts/fed-could-play-a-wild-card-and-spark-usd-rally-next-week-9090824
The Bitcoin bonanza continues although the price had slipped back to $15000 by mid-afternoon.
It may be speculative but at least there’s no negative carry – as there is in 16 global bond markets (see chart).
Who owns all those Bitcoins? It seems the Winklevoss twins of The Social Network move fame have a haul worth about $1.7 billion.
And by the look of it, someone else is in the money (see photo)
Calendar event / Friday at 13:30 GMT
US U.S. Employment ReportpreviousforecastactualHigh Non-Farm Payrolls+261K+195K+228KHigh Unemployment Rate4.1%4.1%4.1%High Avg Hourly Earnings (USD)26.5326.55High Avg Hourly Earnings-Net Chg (USD)-0.01+0.05High Avg Hourly Earnings, M/M%-0.04%+0.3%+0.19%High Participation Rate62.7%62.7%Med Private Payroll+252K+221KMed Overall Workweek34.434.5Med Overall Workweek Net Chg0+0.1Med Government Payrolls+9K+7KMed Avg Hourly Earnings, Y/Y%+2.4%+2.5%
Video / Friday at 8:44 GMT
From the Floor: GBP in cautious rally after Brexit breakthrough#SaxoStratsA breakthrough in Brexit negotiations has spurred a rally in sterling, but only a timid one, as the market realises that the next stage of the talks may be even more difficult. Meanwhile, US equities are looking to today's NFP data for another lift and commodities have hit a really bad patch.