SaxoTV

Jakobsen & Hardy: Why this crisis could be good for us

2,764 views
February 12, 2016 bank, banking, banks, central bank, central bank policy, central banks, china, china economy, china equity market, china gdp, china growth, china manufacturing, china politics, china slowdown, chinese, chinese economy, congress, crisis, draghi, draghi ecb, draghi options, ecb, ecb action, ecb draghi, ecb meeting, ecb news, ecb policy, ecb rate, ecb rate decision, ecb rates, economic, economy, emerging, emerging economies, emerging market, emerging market bond market, emerging market currencies, emerging market economies, emerging markets, emergingmarkets, employment, equities, equities saxo, equities trading, equity, equity index, equity market, equity markets, equity portfolio, equity portfolios, equity strategy, equity trading, equity us, fed, fed chairman, fed meeting, fed policy, fed rates, fed tapering, federal, federal policy meeting, federal reserve, federal reserve rate hikes, federalreserve, foreign exchange, foreign exchange market, foreign exchange strategy, forex, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex trading, fx, fx crosses, fx forex, fx investing, fx market, fx markets, fx options, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx volatility, fxmarkets, global crisis, janet, janet yellen, janet yellen federal reserve, janet yellen rates, market, market reaction, market volatility, markets, portugal, portugal economy, rates, rates decision, rates decisions, saxo bank, saxo tv, sweden, swedish krona, swedish riksbank, trading, tradingfloor.com, united states, united states of america, us, us congress, us dollar, us dollar index, us economy, us fed, us federal reserve, us government, us jobs, us jobs data, usd, usd index
If anyone had thought that the Chair of the Federal Reserve, Janet Yellen, was going to calm the markets this week, they couldn't have been more wrong. And that proves what Saxo Bank's Chief Economist, Steen Jakobsen and Saxo's head of FX Strategy, John Hardy, have been saying for some time - that Central Banks are not in control.

Steen and John discuss why the markets no longer believe in Central Bank guidance, why the world has been relying on these bankers for too long and whether the moves towards negative rates will have any impact at all.

They also debate which country has the most to lose in all this and why this crisis could be the start of something more positive.

Steen explains how the turbulence of 2016 has so far impacted his portfolio and John looks at the effect it's having on particular currency pairs.