Show less
Morning Call: Softer dollar boosts commodities, stocks
21 September 2018 at 7:40 GMT
Morning Call: Markets stabilise as trade tensions ease
20 September 2018 at 8:28 GMT
Morning Call: Chinese shares surge as trade war rages on
19 September 2018 at 8:36 GMT
Today’s FX chart analysis - video
John J Hardy
18 September 2018 at 10:28 GMT
Morning Call: Trump hits China with tariff plan
18 September 2018 at 7:29 GMT
The week ahead in macro
Kay Van-Petersen
17 September 2018 at 8:11 GMT
Macro Monday week 38: Keep Global Macro and Carry On
Kay Van-Petersen
17 September 2018 at 8:02 GMT
Morning Call: US yield curve lifts, boosting dollar
17 September 2018 at 7:23 GMT
Technical analysis webinar – A view of the market: Larsson
Kim Cramer Larsson
12 September 2018 at 14:44 GMT
Morning Call: Chinese shares fall further
11 September 2018 at 8:36 GMT
Morning Call: USD, SEK in focus
10 September 2018 at 7:49 GMT
The week ahead in macro
Kay Van-Petersen
10 September 2018 at 7:37 GMT
Morning Call: Is Japan next?
07 September 2018 at 7:35 GMT
Video / 13 November 2017 at 9:03 GMT

From the Floor: GBP hit by risk of Tory revolt — #SaxoStrats

  • GBP weakened by risk of a Conservative revolt against PM May: Hardy
  • Chinese optimism is spurring equities; Watch Alibaba: Garnry
  • Oil remains bid on persistent Saudi tensions: Hansen
  • Opec's monthly oil market report due today; demand growth seen revised up
  • Opec secretariat sees extension of production cut as only viable option
  • Near record speculative bets on rising prices a short-term risk for oil 
  • Gold remains stuck, with risk of long liquidation below $1,280/oz 
  • Yields a touch higher on a rebound in equities; "old correlation is back": Fasdal
By John Acher

Sterling has come under pressure from reports that up to 40 Tory MPs could be ready to back a vote of no confidence in prime minister Theresa May, says Saxo Bank's head of FX strategy John J Hardy.

(Read also Hardy's latest FX Update here on TradingFloor.)

May’s opponents are just eight MPs short of what would be needed for a leadership challenge, according to The Times of London.

China's opening up to foreign ownership is a major positive factor for the Chinese and global economy, says Saxo Bank's head of equjities strategy Peter Garnry.

"Watch Alibaba," says Garnry, noting that this past weekend's Singles' Day generating a record-smashing $25 billion in sales for the Chinese e-commerce giant, up nearly 40% from last year.

In the commodities markets, oil remains bid on persistent tensions surrounding Saudi Arabia, and markets will be closely eyeing Opec's monthly oil market report later today, says Saxo Bank's head of commodities strategy Ole Hansen.

Brent crude remains bid
Brent crude oil
Source: Saxo Bank

Gold remains stuck, and a lack of upside momentum carries the risk of long liquidation below $1,280/oz, Hansen says.

And in the bond markets, yields are a touch higher in line with a rebound in equities. "The old correlation is back," says Saxo Bank's head of fixed-income strategy Simon Fasdal.

Theresa May
 Her Brexit troubles keep growing. British prime minister Theresa May now faces a 
potential revolt from Tory backbenchers. Photo: Shutterstock

John Acher is a consulting editor at TradingFloor

AlexF AlexF
MATT is one of the Morningstar saxo holding, also bought some seperatly any target to sell today or hold ? Peter Garny...??

** Hasbro Inc has made an approach to acquire rival Mattel Inc, a source familiar with the matter said, the latest attempt to combine the two biggest U.S. toymakers in more than two decades.
AlexF AlexF
24.2%....what could be the TP on this. I will sell today from my side. Short squeeze ...


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail