Show less
Focus on contrarian views — #SaxoStrats
Kay Van-Petersen
11 hours ago
Why I'm looking to buy USDCAD: Coleman
Ian Coleman - First 4 Trading
12 hours ago
The week ahead in macro — #SaxoStrats
Kay Van-Petersen
Yesterday at 10:13 GMT
Why I’m buying Brent: Lambert
Clive Lambert - FuturesTechs
Friday at 8:33 GMT
Quarterly Outlook: Gold bulls gathering strength
Ole Hansen
Thursday at 15:19 GMT
Quarterly Outlook: Will cryptomania continue?
Thursday at 14:21 GMT
Quarterly Outlook: 'Q1 is a time to be cautious'
Simon Fasdal
Thursday at 13:33 GMT
Quarterly Outlook: Housing bubbles everywhere
Dembik Christopher
Thursday at 12:58 GMT
Quarterly Outlook: Currencies eye a bubbly 2018
John J Hardy
Thursday at 12:16 GMT
Why I'm buying gold: O'Hare
Steve O'Hare - First 4 Trading
Thursday at 10:17 GMT
Video / 20 March 2014 at 13:38 GMT

Why the markets were wrong to be surprised by Yellen

Lea Jakobiak

Global markets were taken by surprise by the Fed's Janet Yellen on Wednesday when she suggested US interest rates could rise in six months' time. They shouldn't have been, according to Saxo Bank's Head of Macro Strategy, Mads Koefoed. 

As expected, the Fed announced another USD 10 billion reduction in its monthly bond purchases, It was the right call, says Mads. There's some speculation, however, that Yellen "mis-spoke". 

He says the decision to taper is correct and that he's agrees that recent weak data was simply due to bad weather. He believes the US economy will accelerate for the rest of the year and there wasn't a lot of "new news" in what Yellen had to say.   


Dan Murray Dan Murray
The markets first responded before she said anything because of the moving forward of rate expectations by FOMC members. I admit, there may have been a bit of an overreaction, but the response seemed mostly reasonable to me...
Relevant articles for you


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
- 沪ICP备13028953号-1

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