Video

#SaxoStrats
Today's edition of the Saxo Morning Call features the SaxoStrats team discussing the continuing weakness of the US dollar as commodity prices recover ground and in the wake of key US equity indices hitting all-time highs Thursday.
Squawk / 23 April 2017 at 20:22 GMT
Global Macro Strategist / Saxo Bank Group - Singapore Hub
Singapore
Good morning & Happy Macro Monday

Trade Update from mail sent early Asia Monday Morning

Following initial readings Le Pen & Macron as the first two in Round one, c. 24.3 & 22.2…

Giving a quick update on some of our positions

Trade Update Tactical Book (Macro Monday/Cross Asset Call)

1. We close off the balance of the USDCHF short at 0.9895 (low early Asia morning has been 0.9856). Probably runs lower, yet happy to take off at these lvls post event
Remember we’ve been short since 1.0045

2. We close off half the long EURUSD positioning at 1.0910 (high has been 1.0937). We move the stop up to 1.0870 (ITM) & move down the 2nd Tgt to 1.0992 (from 1.11)
Remember we’ve been long since 1.0798 & been to the grave & back with this trade
Will give the full update plus PnL impact on later on this morning’s Macro Monday, as well as further potential trade updates later… for instance could be looking to short Gold if we open above $1270 (closed c. $1284.44)… still having a think on that…
2y
Andrew Perkins Andrew Perkins
Nice shout Kay EUR strength into next week we hope
2y
Kay Van-Petersen Kay Van-Petersen
http://www.telegraph.co.uk/news/2017/04/23/french-election-live-results-exit-polls/

Great coverage by Telegraph.

Hey Andrew, lets see, ECB risk as always is to the upside - trixie given also that EZ CPI in on Friday... the day after they meet. Favorable positioning my friend. Best.

Disclaimer

The Saxo Bank Group entities each provide execution-only service and access to Tradingfloor.com 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 Tradingfloor.com 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 Tradingfloor.com 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 Tradingfloor.com or as a result of the use of the Tradingfloor.com. 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 Tradingfloor.com your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. Tradingfloor.com 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