Playlist: USDCAD

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Why I'm looking to buy USDCAD: Coleman
Ian Coleman - First 4 Trading
23 January 2018 at 8:12 GMT
Why I’m buying USDCAD: Lambert
Clive Lambert - FuturesTechs
03 November 2017 at 8:25 GMT
Why I'm selling USDCAD: Coleman
Ian Coleman - First 4 Trading
17 October 2017 at 7:31 GMT
Trading the nonfarm payrolls: Lambert
Clive Lambert - FuturesTechs
06 October 2017 at 7:16 GMT
Why I'm selling USDCAD: Coleman
Ian Coleman - First 4 Trading
03 October 2017 at 8:10 GMT
Why I’m trading USDCAD: Lambert
Clive Lambert - FuturesTechs
29 September 2017 at 7:27 GMT
Trading a breakout in USDCAD: Coleman
Ian Coleman - First 4 Trading
24 August 2017 at 7:24 GMT
Trading tips week 22 - technical analysis: Kim
James Kim@Saxo
29 May 2017 at 9:47 GMT
From the Floor: 'Europe is red hot' — #SaxoStrats
16 May 2017 at 8:06 GMT
Video / 18 May 2018 at 7:15 GMT

From the Floor: Energy shares rise on crude oil rally – #SaxoStrats

   • USDJPY makes new highs on Japanese CPI miss
   • Energy shares gain ground on crude oil rally
   • Richemont disappoints on revenue, gross margin

By Michael McKenna

The Iran deal-led rally in crude oil prices has spurred energy shares to surpass their January highs with Saxo Bank head of equity strategy Peter Garnry pointing to strong momentum and big inflows as the direct catalyst.

In today's Morning Call, Garnry shared the following breakdown of the energy-sector shares in Saxo's equities model, pointing to strong fundamental scores nearly across the board.

Energy sector
Source: Saxo Bank

Elsewhere in stocks, Swiss-based luxury conglomerate Richemont disappointed markets in revenue and gross margin terms, reporting operating profits of $1.84 billion versus $2.6bn expected by analysts as well as an excess supply of watches.

In Italy, Garnry says that equity investors could face headline risks over the weekend from Rome's new populist government, stating that short-term investors might not want to hold positions through what could be a turbulent period.

The broad strength seen in equities along with a slight miss in Japanese CPI overnight and high US 10-year yields saw USDJPY reach new highs, but Saxo Bank head of forex strategy John Hardy's focus today is on USDCAD ahead of a March retail sales print and April CPI data out of Ottawa.

Source: Saxo Bank 


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