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  • Article / Friday at 18:00 GMT

    FX 4 next week: Uncertain times for the US dollar

    Head of FX Strategy / Saxo Bank
    Denmark
    FX 4 next week: Uncertain times for the US dollar
    Unsettled times for the US dollar after a rejection of big fig 1.1000 in USDJPY. With a key Yellen speech on the agenda and a minefield of US data in store, the week ahead might well be choppy. Elsewhere, EURGBP strength is waning, EURNOK looks headed for downside and the AUDJPY/NZDJPY bearish reversal seems assured.
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    2d
    goldfinger goldfinger
    I assume first head should read euro dollar in flux at 1.10 rejection?
    9h
    Aldwin Kennedy Aldwin Kennedy
    Key Highlights
    • US dollar lost the plot and traded lower after the US GDP report missed the expectation.
    • In the US, the Gross Domestic Product Annualized released by the...
  • Article / Friday at 17:42 GMT

    Market Close: US markets rally ahead of Yellen speech

    TradingFloor.com Team / Saxo Bank
    Denmark
    US stocks are trading in the green, ahead of the US Fed Chair Janet Yellen’s speech later today. On the macro front, revised data released in the US showed that economic growth in the last quarter of 2014 slowed as previously anticipated. UK stocks ended in negative territory, led by a decline in energy and mining sector stocks.
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  • Article / Friday at 13:57 GMT

    WCU: Commodity focus turns to Yemen

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Commodity focus turns to Yemen
    Yemen was the big story of the week as a Saudi Arabian-led coalition attacked Hauthi rebels, sparking fears of a spike in tensions between Shiite Iran and its Sunni neighbours and triggering sharp gains for oil and precious metals. Elsewhere, industrial metals lagged and the agricultural sector awaited a key report due next week.
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    2d
    Ole Hansen Ole Hansen
    With regard to oil markets also remember that the deadline for an agreement between Iran and six major powers is on Tuesday March 31. Look out for...
  • Squawk / Friday at 13:39 GMT
    Head of Macro Strategy / Saxo Bank
    Denmark
    US economy grew 2.2% in the fourth quarter:

    The third estimate of Q4 GDP shows that the world's largest economy grew by 2.2% q/q (annualised) vs. 2.4% expected and unchanged from the second estimate a month ago.

    Following growth rates of 4.6% and 5% in Q2 and Q3 the economy slowed markedly in Q4 of last year, but the composition was quite good with personal consumption up 4.4% while government consumption dropped 1.9%. Investment (including inventories) rose 4.5% as did exports while imports rose a substantial 10.4%.

    While Q1 will likely also show slow(-er) growth I expect a pick-up in growth in Q2 and beyond as the impact from USD strength fades while personal consumption and (residential) investment should continue to be key drivers of growth.
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