Saxo Bank Market call 28 july 2008 Thin Calendar Today, but
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Thin Calendar Today, but Financials Should Still be Under PressureWith the news from ANZ and renewed focus at Financials, they should continue to underperform. Overnight News BulletsGE Import Price Index MoM/YoY (Jun) out at 1.5%/8.9% vs. 1.0%/8.4% expected.SW Trade Balance (Jun) out at 8.2B vs....
Saxo Bank Market call 9 july 2008 Positive Markets As Fed ex
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Positive Markets As Fed extends the duration of lending facilitiesIn overnight trading, Asian stocks have surged with biggest gains in nearly 3-month period. Overnight News BulletsAU NAB Business Conditions, Jun, out at 0 vs 7 prior.AU NAB Business Confidence, Jun, out -9 vs -4 prior.JN...
Saxo Bank Market call 8 july 2008 Significant Equity Losses
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Significant Equity Losses Pressing Markets DownLosses in the American and Asian equity sessions are set to extend into the European session, while the falling stocks are also seen to take a toll on the carry trades. Overnight News BulletsNO Industrial Production MoM/YoY (May) out at 1.6%/2.8% vs...
Saxo Bank Market call 7 july 2008 USD well bid through Asia
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EURUSD sold off in the Asian session on back of expectations that German figures once again will disappoint. Risk willingness took carry trades and the Nikkei higher. Overnight News BulletsGE Factory Orders MoM/YoY (May) out at -0.9%/-2.0% vs. 0.8%/2.0% expected. Prior at -1.7%/15.2%CA Ivey PMI...
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