All
  • All
  • Articles
  • Squawks
  • Trade views
  • Must reads
  • Videos
  • Calendar
Views
Write a Squawk
No posts
  • 28m
    Steblaj Steblaj
    Where is your stop loss?
  • 1h
    Dan Murray Dan Murray
    Stopped out at 114.11.
    1h
    Steblaj Steblaj
    What a BS day.
  • Article / 3 hours ago

    Macro Digest: Yellen night – party time or house of horrors?

    Chief Economist & CIO / Saxo Bank
    Denmark
    Yellen will be trying to balance job growth with financial stress, which of course is impossible. Even if she does deliver a very dovish speech (which I don’t expect) the market may ignore her. The risk is that market sells off and retests 1,804.00 in the S&P 500 as the central banks’ place in the limelight is about to turn to dark.
    Read the article
  • Squawk / 3 hours ago
    Head of FX Strategy / Saxo Bank
    Denmark
    Fed chair Janet Yellen's testimony/prepared remarks are out and they are disappointing the market's dovish expectations. From where I sit, there is some mention of international concerns impacting US growth, but there is nothing that fits with the markets' collapse in Fed policy trajectory. Most of the testimony geared to talking about earnings growth and gradual path of hikes – the market thinks the Fed has a significant likelihood of cutting! The Fed is stumbling in the dark here, it would seem.

    The initial reaction will be tough to trust here (does a less dovish Fed mean we should celebrate more hawkishness and buy USD on policy divergence, or should USD be weak because Fed is tone deaf to what is going on and behind the curve on where markets will take us to the downside if there is no support from the world's most important central bank?) I stand by the USDJPY put spread idea trade from earlier and will stand back and watch how this unfolds, especially Yellen's Q&A later.
    Read the Squawk
    3h
    JakubSzalaFX JakubSzalaFX
    Anyone expects Yellen to say openly "we are falling!!"...... ?!?!

    She said "We hope to have clear opportunity to hike rates, but we cannot promise anything".
  • Calendar event / 6 hours ago

    PT CPI

    forecast
    actual
    Med CPI, M/M%
    -1%
    Med CPI, Y/Y%
    +0.8%
    Med Harmonized CPI, M/M%
    -1.1%
    Med Harmonized CPI, Y/Y%
    +0.7%
  • Calendar event / 7 hours ago

    GR Budget deficit

    forecast
    actual
    Low Primary Budget Surplus/Deficit
    Low Net Budget Revenues (EUR)