Today's Daily Trading Stance on Scribd. The Daily Trading Stance is published every day by Saxo Bank and sets the trading themes for the day. For more comment on FX, FX options, equities and commod...
The US dollar index continues from where it left off on Friday (higher). Corporate CDS prices are unchanged. We look for continued profit-taking in equities today and have a “sell at the break” stance
The Daily Trading Stance is published every day by Saxo Bank and sets the trading themes for the day. For more comment on FX, FX options, equities and commodities go to www.tradingfloor.com.
Abu Dhabi has pledged $10bn to the state-owned Dubai World to help the company meet its obligations. Risk appetite increased on the news and stock futures are up. The Daily Trading Stance is publis...
A turnaround is brewing in most asset classes and markets are again embracing risk, full-throttle – helped by rather decent Chinese growth and industrial production figures overnight. The Daily Tra...
A strengthening dollar seems to confirm the negative correlation break-down from Friday and suggests that USD bulls have more to hope for in the short term. The Daily Trading Stance is published ev...
Much better than expected employment data from Australia caused the AUD to rally overnight. Additionally, the S&P 500 staged a comeback in the US session, but we are nevertheless negative on risk t...
Bernanke’s comments yesterday were decidedly bearish (“economy facing formidable headwinds” and “inflation remains subdued”), so the USD went lower. The Daily Trading Stance is published every day ...
With the JPY TWI under severe pressure and both sovereign and corporate CDS prices down, it looks like we could again have a risk-embracing environment, in which the USD strengthens.The Daily Tradi...
ISM Non-Manufacturing was sufficiently bad to spur a broad-based risk reduction. Since both sovereign and corporate CDS prices were down, we might see a bounce in risk ahead of the US labour market...
Vuelve la calma a los mercados limitados por el asunto de Dubai. Nuestra posición: Dubai es un agente económico demasiado pequeño (Dubai World tiene un pasivo de 59.000 millones de dólares) para pr...
Dubai's debt problems are having a negative impact on markets, but the effects have been worsened because of the thin Thanksgiving trading. It does not make sense that this story should serve as a ...
Our stance today is a “sell-on-rallies”, since we need some consolidation and since traders would be reluctant to break important levels on thin Thanksgiving liquidity.The Daily Trading Stance is p...
La deuda pública ha subido, el Índice Compuesto de Shanghái ha bajado esta mañana más de un 3% y el resto de Asia está en números rojos. El USD sigue dando la impresión de estar debilitándose, si b...
The FOMC minutes showed that it is forecasting 9.5% unemployment rate in 2010. The yield curve shifted lower since everybody knows that is not going to happen and that action revealed that monetary...
En el día serán MUCHOS los datos que se publiquen. Para acceder a información detallada, consulte el calendario económico. Tras la fuerte liquidación experimentada por el Índice Compuesto de Shangh...
Sell on rallies. After a heavy sell-off in the Shanghai Composite and AUD and NZD, we recommend to sell stocks on rallies today. Evidence: Treasuries are making new highs and 10-year BE inflation r...
El oro está registrando nuevas subidas y las acciones asiáticas cotizan en general al alza. El AUD y NZD han invertido su tendencia (al alza) durante el fin de semana. Tendencia alcista asimismo en...
Comenzamos donde lo dejamos ayer, con la publicación de otro abanico de datos macroeconómicos hoy. Podrían ser los subsidios por desempleo semanales los que desaparezcan con los titulares, ya que p...
The Asian session showed risk appetite is back in town. Equities going higher and AUD and EUR trading higher vs. USD, JPY and CHF. Today's possible trigger is US Retail Sales at 1.30 (GMT). We beli...