17 min listen
Macro and FX: Will central banks, inflation, and PMIs deliver fireworks?
FromSaxo Market Call
ratings:
Length:
16 minutes
Released:
Dec 11, 2023
Format:
Podcast episode
Description
This week is crucial for markets given the big moves last week across gold and JPY with Nonfarm Payrolls on Friday supporting the soft landing narrative. Tomorrow, the US inflation report will set the stage for the FOMC rate decision on Wednesday and the key focus is still on services inflation. On Thursday, ECB and BoE will deliver rate decisions and Friday will end the week with key PMI figures across the Eurozone, UK and the US. Central banks will not keep rates so the market will focus on the details in the communication and it feels that markets are sensitive to changes in the narrative around monetary policy and inflation so this week could become more volatile than expected, with Charu Chanana and Peter Garnry.
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
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 11, 2023
Format:
Podcast episode
Titles in the series (100)
Commodities: Oil rally raises stagflation risks and yuan’s correlation to copper: Brent crude is marching on as Saudi Arabia keeps the oil market tight raising the risks of stagflation in both Europe and the US. Will the current oil price curtail demand and will China begin tapping into its reserves? Copper has recently been suppo... by Saxo Market Call