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Macro and FX: Key macro data this week, the USD slide ended and gold is on the move
FromSaxo Market Call
Macro and FX: Key macro data this week, the USD slide ended and gold is on the move
FromSaxo Market Call
ratings:
Length:
16 minutes
Released:
Dec 4, 2023
Format:
Podcast episode
Description
Last week's backdrop was shaped by Fed Waller's comments about rate hikes had ended and the market got into overdrive mode on those comments and soft inflation figures repricing bond yields lower across the curve. This week will be interesting with key macro figures across JOTLS job opening ISM Services tomorrow and Nonfarm Payrolls on Friday. The USD also finally turned around last week and gold spot was also reacting forcefully to the lower bond yields. Finally, with RBA rate decision coming up in Asia session tonight, with Charu Chanana and Peter Garnry.
Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here.
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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
Released:
Dec 4, 2023
Format:
Podcast episode
Titles in the series (100)
Bad news is good news, or so the market thinks: Link to slide deck: https://bit.ly/3L3UV7k - Bad news was good news yesterday as significantly weaker than estimated US August consumer confidence and July JOLTS jobs opening pushed the US 10-year yield lower lifting equities, and especially the cy... by Saxo Market Call