Daily Morning Call

From the Floor: Unconvinced by Trump, markets eye data – #SaxoStrats

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November 15, 2016 commodities, equities, forex, macro, saxostrats
  • MSCI emerging-market index still under pressure, 200-DMA broken – Moltke-Leth
  • Global inflation outlook 'more balanced than before' – Moltke-Leth
  • Less intense near-term downside risks to China – Moltke-Leth
  • PBoC sets yen midpoint at weakest since late 2008 – Moltke-Leth
  • USD gains extended yesterday, but has consolidated a bit since – Hardy
  • Fed rate hike expectations are steepening – Hardy
  • Focus: UK CPI, Carney and sterling rally, Fed speakers, USDCHF parity – Hardy
  • I still like sterling versus the euro – Hardy
  • We may be in for a longer-term positive track on Trump – Garnry
  • Right now,  markets are getting ahead of themselves – Garnry
  • Oil and energy stocks are going nowhere – Garnry
  • In the short term we reiterate our negative stance – Garnry
  • There's a big short built up in the oil market – Hansen
  • Oil markets showing signs of stabilsing– Hansen
  • Oversupply requires a meaningful cut from Opec– Hansen
  • I can't see a cut bit enough to get oil out of its range – Hansen
  • Iran remains the key stumbling block to a deal – Hansen
  • Gold ETF flows hjave been negative the past three days – Hansen