In today's Saxo Market Call - choppy market, Bank of England meeting, Disney and more| FXMAG.COM

Summary: In today's podcast, we note the market's choppy, but in the end positive embrace of the slightly softer US CPI data point yesterday as US treasury yields eased. On that note, we suggest that a crisis is almost needed to justify the market's forward expectations for the Fed, as pricing of significant easing starting later this year intensified yesterday. Could the debt ceiling issue drive that possible crisis scenario? Elsewhere, we preview today's Bank of England meeting and wonder whether the recent sterling surge means this will drive a "sell-the-fact" moment, as seemingly everything that tries to get moving ends up mean reverting (former EUR strength now erased, former JPY weakness now partially erased, etc..) We also talk Disney's woeful streaming results and much more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Listen to today’s podcast - slides are available via the link.

Follow Saxo Market Call on your favorite podcast app:

Apple

Spotify

PodBean

Sticher

If you are not able to find the podcast on your favourite podcast app when searching for Saxo Market Call, please drop us an email at marketcall@saxobank.com and we'll look into it.

Questions and comments, please!

We invite you to send any questions and comments you might have for the podcast team. Whether feedback on the show's content, questions about specific topics, or requests for more focus on a given market area in an upcoming podcast, please get in touch at marketcall@saxobank.com.

Source: Podcast: Mean reversion continues: sterling next? | Saxo Group (home.saxo)

Saxo Bank

Saxo Bank is a global investment bank with a Danish banking license.
It is subject to strict regulation in 15 jurisdictions, including Denmark, the United Kingdom, and Singapore. We also hold banking licenses in Denmark and Switzerland.
When you invest with Saxo Bank, you have access to a state-of-the-art trading platform and over 40,000 financial instruments, including more than 22,000 stocks from 50 stock exchanges worldwide. It also provides access to global analyses prepared by a world-class analytical team.