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Video / 4 hours agoIn 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.
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 / 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.
Article / Friday at 8:00 GMT
Morning Markets: Bitcoin up, down, and all aroundThursday's Bitcoin trade exposed the fundamental difference in volatility between Bitcoin and more conventional assets while stocks edged higher on the back of a US rally. Meanwhile all eyes are on today's US nonfarm payrolls figure, which could influence Fed thinking and impact forex, bonds and commodities.Read the article
Article / Friday at 1:57 GMT
Morning Report APAC: Wall St lifts Asian stocks, US dollar ralliesInvestor sentiment is upbeat across much of Asia today, with benchmark indices heading higher in Tokyo, Hong Kong, Sydney and Shanghai. However South Korea's Kospi Composite has slipped into the red. And the USD has rallied against most other major currencies.Read the article
Calendar event / Thursday at 10:00 GMT
GR Labour Force SurveypreviousforecastactualMed Unemployment Rate20.7%20.5%
Video / Thursday at 9:00 GMT
Outrageous Predictions 2018: Fed loses independence — #SaxoStrats#SaxoStratsThe independence of the Fed has historically fluctuated according to the needs and policies of the federal government. In 2018, it will lose real ground as Washington moves to cap yields in the face of a bond market meltdown.