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  • 5h
    John Shaw John  Shaw
    Another great piece today Mike. Thanks for sharing.
    Have a great weekend and a good bowl of Super Bowl chili and nachos.
    Us old guys...
    4h
    Michael O'Neill Michael O'Neill
    .Not me. I'm going for the new guy, fig newton
  • Article / 6 hours ago

    FX 4 Next Week: Yellen calls the shots

    Head of FX Strategy / Saxo Bank
    Denmark
    FX 4 Next Week: Yellen calls the shots
    The market suffered a traumatic week this week, as the moves of the previous week on the back of the Bank of Japan’s shock negative rates move were entirely reversed and then some as the week progressed. Next week will be about whether the US jobs report was sufficiently interesting to shore up the US dollar’s prospects and how Janet Yellen positions the FOMC after all of the turmoil to start this year.
    Read the article
  • Article / 7 hours ago

    Friday charts: JPY, European financials, sentiment, US yield curve

    Blogger / MoreLiver's Daily
    Finland
    Friday charts: JPY, European financials, sentiment, US yield curve
    European financial stocks have underperformed the rest of the market during the beginning of 2016. The divergence is large enough to suggest a reasonable market neutral spread-trading opportunity. Elsewhere, despite the Bank of Japan's negativity surprise, the JPY seems intent on not going anywhere - tread carefully! Meanwhile, the US yield curve has flattened, and the 10y-2y spread is lower than at any point since 2008.
    Read the article
    5h
    Juhani Huopainen Juhani Huopainen
    I omitted the European financials- charts, so here goes:
    5h
    Juhani Huopainen Juhani Huopainen
    Another:
    4h
    Juhani Huopainen Juhani Huopainen
    More European doom&gloom, suggesting a bottom is close, here: "Europe's Economic Outlook Darkens, Sends Shudder Through Markets" http://www.bloomberg.com/news/articles/2016-02-05/europe-s-economic-outlook-darkens-sends-shudder-through-markets
  • Calendar event / 8 hours ago

    CA Labour Force Survey

    forecast
    actual
    Med Avg Hourly Wages, Y/Y
    +2.8%
    Med Full-Time Jobs, M/M
    +5600
    Med Jobless Rate
    7.1%
    7.2%
    Med Net Jobs, M/M
    6000
    -5700
    Med Labor Force, M/M
    -1800
    Med Participation Rate
    65.9%
    Med Part-Time Jobs, M/M
    -11300
  • Article / 9 hours ago

    Mid-session Europe: Fixated on NFP

    Saxo Markets
    Denmark
    Mid-session Europe: Fixated on NFP
    All eyes are focused on the crunch nonfarm payrolls numbers from the US at 1330 GMT. The market consensus foresees an increase of 190,000 jobs in January. Anything severely less than this would smash hopes of ever a small rate hike this year and the market would punish the dollar.
    Read the article
  • Editor’s Picks / 9 hours ago

    When $3 trillion is not enough

    Bloomberg
    With $3.3 trillion in FX reserves, China is believed to have the firepower to defend the yuan, recapitalise its banks or spread cheap loans abroad to gain influence. "Such confidence, however, may be misplaced," said Bloomberg View contributor Christopher Balding. Close to a third of China's reserves, Balding said, are estimated to be held in illiquid assets, such as long-term investments in infrastructure projects, so they are not immediately available to the central bank. The FX reserves currently stand at about 110% of the IMF's recommended number, but excluding the illiquid reserves, China's holds only 93% of the total suggested as prudent, Balding said. Moreover, official FX reserves held by the People's Bank of China have dropped by $100 billion per month since October as Chinese citizens and firms scramble to move money out of the country, he said. "Beijing could be looking at a worryingly low level of reserves as soon as July." Fresh FX reserves figures are due this weekend.
    Read article on Bloomberg
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  • Article / 10 hours ago

    Daily Shot: Deutsche Bang!

    TradingFloor.com Team / Saxo Bank
    Denmark
    Daily Shot: Deutsche Bang!
    Financial institutions in Europe are under pressure and Germany's biggest bank, Deutsche Bank, is in deeper trouble than most. Elsewhere, the strength in the EUR and weakness in the USD are important factors for many industries and markets. Rate hikes by major Central Banks as Federal Reserve and Bank of England become less and less likely.
    Read the article