Daily Morning Call

From the Floor: Trump factor has Fed flailing— #SaxoStrats

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The Federal Reserve enters the final lap for its big meeting tomorrow when it is expected to wave through the next interest rate rise. It might decide, however, that it also offers the perfect opportunity to drop any pretence at forward guidance given the uncertainties over what Donald Trump will actually do, once in power.
  • Federal Reserve meets Wednesday to rubber stamp interest-rate hike
  • Fed could take 'clueless' path on guidance because of Trump factor — Hardy
  • More probability of double hike tomorrow than no hike — Boye
  • Additional hike in March 2017 already given 28% chance — Boye
  • Italy's Unicredit closing on €13bn funds raise, but plans over-ambitious — Garnry
  • China's macro data at odds with money market signals — Garnry
  • GBPUSD rally knocked back at sub-128 level but could yet test higher — Hardy
  •  Oil benchmarks looking over their shoulder at key support levels — Hansen
  • Gross long position on WTI, Brent looking over-extended — Hansen
  • Gold/silver ratio back to 68 as silver outperforms — Hansen