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Volatility collapse post Jackson Hole as Powell delivers nothing
FromSaxo Market Call
Currently unavailable
Volatility collapse post Jackson Hole as Powell delivers nothing
FromSaxo Market Call
ratings:
Length:
17 minutes
Released:
Aug 28, 2023
Format:
Podcast episode
Description
Link to slide deck: https://shorturl.at/hjv27 -
Jackson Hole delivers nothing that changes the outlook leading to muted reactions across various markets except for a collapse in implied equity volatility (VIX). Chinese regulators have lowered trading costs today causing a rally in Chinese equities with Hang Seng futures up 1% after being up as much as 3.2% as the market has its eyes on the Chinese shadow banking system. In currencies speculative short positions on the USD are being reduced and in commodities we still observe broad-based selling due to worries over China. We also discuss the rising refinery margins on gasoline and diesel impacting costs of transportation. This and more on today's pod, which features Peter Garnry on equities and Ole S. Hansen on commodities.
Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here.
Click here to open an account with Saxo -
Intro and outro music by AShamaluevMusic
Jackson Hole delivers nothing that changes the outlook leading to muted reactions across various markets except for a collapse in implied equity volatility (VIX). Chinese regulators have lowered trading costs today causing a rally in Chinese equities with Hang Seng futures up 1% after being up as much as 3.2% as the market has its eyes on the Chinese shadow banking system. In currencies speculative short positions on the USD are being reduced and in commodities we still observe broad-based selling due to worries over China. We also discuss the rising refinery margins on gasoline and diesel impacting costs of transportation. This and more on today's pod, which features Peter Garnry on equities and Ole S. Hansen on commodities.
Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here.
Click here to open an account with Saxo -
Intro and outro music by AShamaluevMusic
Released:
Aug 28, 2023
Format:
Podcast episode
Titles in the series (100)
Macro and FX: King Dollar, pressures on China, and will ECB hike?: In today's podcast on macro and FX we discuss the ongoing strength of USD which is a function of relative weakness in Europe and China, and to what extent the US inflation report on Wednesday will impact the USD trade. China has been in focus a lot l... by Saxo Market Call