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Write a Squawk to BullionGuide
  • Squawk / 14 February 2017 at 15:39 GMT
    Chief Economist & CIO / Saxo Bank
    Yellen testimony before Senate Banking Committee

    Yellen keep March alive as next hike but only barely so: March @ 34% probability - market consensus remain at two hikes

    She avoids fiscal discussion but point to productivity as key component of any plan

    Improvement in economy is "gradual" - and monetary policy remains accommodative - "waiting too long will be unwise", the key phrase

    Uncertainty: Fiscal outlook, productivity and overseas development.

    Gradual, accommodative, and unwise key operative words


    She gives bearish bond position enough to sell off, but I doubt March is REALLY in play, do expect some reversal barring surprised in Q&A - It's a typical, safe Yellen on economy and outlook
    Read the Squawk
  • Video / 30 August 2016 at 14:19 GMT

    What is going on with central banks?: Jakobsen

    Steen Jakobsen
    The Jackson Hole symposium showed no clear indication as to where the Federal Reserve is heading, according to Saxo Bank chief economist Steen Jakobsen. He says that it is important to see how the European Central Bank and Bank of Japan will play along with the Fed.

    Although there seems to be no clear indication of where the central banks are heading, Jakobsen believes that the US will hike rates before end of year.

    At the end of this week, the USDJPY will be higher and the US dollar will be stronger, predicts Jakobsen.
    watch video
    BullionGuide BullionGuide
    I for one, will not be putting any money on a Federal Reserve rate hike in September - And if they do raise rates in December it...
    GregoryAlexandr GregoryAlexandr
    We are under the belief, December is the target month. (Rate Hike)
    chi2015 chi2015
    eerily similar to their 2015 rhetoric
  • 3y
    BullionGuide BullionGuide
    The Fed isn't going to raise rates before the election (in the United States), most of the individuals in the FOMC are or lean liberal (Democrat). ...
  • 3y
    Michael O'Neill Michael O'Neill
    Hi BullionGuide- What do you mean dollar won't break 94?
    BullionGuide BullionGuide
    Hello Michael,
    I apologize for not responding sooner. I was looking at the DXY - USDollar Index chart, when I made my original comments, and I see...
    Marcus Antonius Marcus Antonius
    @BullionGuide You're a new, erm, contributor here and I'm not sure where you stand. Up to now, you're only making claims. Certainly, charts are essential in the...
  • 3y
    BullionGuide BullionGuide
    Your bullish rhetoric for the U.S. dollar is laughable. a correction in the price of the U.S. dollar was expected and that is all it was...
  • 3y
    Sultan73 Sultan73
    Out mate....!
    Sultan73 Sultan73
    3:57 💂London.
    Stephen Pope Stephen Pope
    I have been stopped out. That is a painful experience.
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