Podcasts about eurusd

Today, a look at risk sentiment in full swing after a successful SpaceX IPO on Friday and a stronger sense that the Iran war ceasefire may last long enough for shipping lanes to fully open in the Hormuz Strait, at least for a time. But while speculative energy remains high in equities, the broader macro picture is subdued, with little FX and rates volatility even as the new Kevin Warsh Fed marks the biggest shift at the Fed in a generation. This and much more, including the BoJ up tonight, on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy Links John's The FX Trader piece from today, discussing the technical situation in EURUSD and previewing the seven G-10 central bank meetings this week. A 20-minute CNBC interview with SpaceX President and COO Gwynne Shotwell, where she talks a good game and even delivers the outlook for orbiting data centers with a straight face.  FT discusses the many forced buyers of SpaceX as the company has been fast tracked to join many major stock indices, the members of which enjoy passive inflows. The Wall Street Journal with the basic, but important discussion of how Kevin Warsh is set to alter the Fed's communication strategy (an important first step, but as emphasized on the podcast - there are much bigger questions afoot down the line.) About twice per week (in normal times, hopefully soon to resume), you will find links discussed on the podcast and a chart-of-the-day over at the John J. Hardy substack. Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here. Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo. Intro music by AShamaluevMusic DISCLAIMER This content is marketing material. Trading financial instruments carries risks. Always ensure that you understand these risks before trading. This material does not contain investment advice or an encouragement to invest in a particular manner. Historic performance is not a guarantee of future results. The instrument(s) referenced in this content may be issued by a partner, from whom Saxo Bank A/S receives promotional fees, payment or retrocessions. While Saxo may receive compensation from these partnerships, all content is created with the aim of providing clients with valuable information and options.    

Why Trading Only EUR/USD Is Holding You Back  Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #637: Why Trading Only EUR/USD Is Holding You Back In this video: 00:25 – How many pairs do you trade? 01:00 – Don't focus on just 1 pair. 01:25 – I look at multiple pairs to trade every day. 01:57 – A trade example. 02:42 – A strategy needs to work on all pairs, all markets and all time frames. 03:14 – Trades from this week that I've taken. 04:15 – Don't take “B” grade setups. 04:52 – View our new look website and Masterclass. 05:03 – Client review testimonial videos. 06:35 – Trade and enjoy life. How many currency pairs should you look at as a trader? Should you just focus on 1 or 2 pairs, or should you look at multiple? Let’s talk about that and more right now. This is Andrew Mitchem here at The Forex Trading Coach with video and podcast number 637. How many pairs do you trade? So today I want to talk about currency pairs. And should you just focus on 1 or 2 pairs? And the reason I want to talk about that is I often hear about people that say, look, I just look at the EUR/USD. And that’s all I look at, and it’s all I want to focus on. And I hear other people that say to me, look, this strategy that I’ve got here, it only works on the USD/JPY on a 1-hour chart, for example. And I don’t understand why people do either of those. Don't focus on just 1 pair. To me, it doesn’t make any logical sense, because if you’re focusing on just 1 or 2 pairs, then what happens if those pairs are not moving particularly well at the time, or they’re not giving good setups? And the reason why a strategy should only work on 1 pair or 1 time frame again, doesn’t make any logical sense if you have a good sound technical strategy. I look at multiple pairs to trade every day. So for me, I’ve for many years now, over 20 years, constantly looked at multiple forex pairs on a daily basis. And the reason I do that is I’m scanning through the charts really quickly and then say 10 minutes, 15 minutes, I then scan through all the currency pairs and other non-forex markets on multiple time frame charts once a day. Or if I want to look twice a day, I can do exactly the same. So it might take a total of 30 minutes a day. And it gives me so many more high-quality setups. So as an example, let’s go back to the EUR/USD. A trade example. If you’re trading that and there’s nothing really showing on there, then maybe you should look at the EUR/CHF, EUR/GBP, EUR/NZD, EUR/AUD, EUR/CAD, EUR/JPY. Why would you focus on just the EUR/USD? And if you are out there looking for currency strength and weakness, you can’t tell if you’re looking at just the EUR/USD. Is the euro strong? Is the euro weak? Is the US strong? Is the US weak? Are they both strong? Are they both weak? And so you’re not giving yourselves a lot of chance of having a successful strategy long term if that becomes your limitation. A strategy needs to work on all pairs, all markets and all time frames. So for me as a technical trader, a strategy should work across all currency pairs, in fact all markets and all time frame charts as well. So whether you’re looking at, say, a daily chart or a weekly chart or a 4-hour chart or a 1-hour chart, the strategy, if you have a good sound strategy, should work across all those different time frame charts as well. And again, that opens up the possibility of more quality setups. Trades from this week that I've taken. Now, to give you a great example, over the last week or so, some of the forex pairs have been quite dreadful to trade. There’s not been a lot of price action. There’s been a lot of sideways movement, some indecision, and sometimes at the beginning of the weeks we’re now seeing some big gaps. And, you know, therefore, by having the ability to look at shorter time frame charts, we’re seeing a lot of good shorter time frame charts. My clients have been posting a lot of 2-hour charts and 30-minute charts recently that have been really good, but also go to the other extreme on the weekly charts. I’ve got 2 trades open on the S&P 500 and the Nasdaq 100 taken off the weekly charts at the beginning of this week. They are both in excellent, excellent profit, selling both of them and based on the weekly charts, I have that longer-term bias on those 2 pairs right now that they’re dropping, which they’re currently doing. And as I’m recording this video, both of them are in very good profit. Don't take “B” grade setups. So again, it comes back to not limiting yourself. Don’t be restrictive. Look at multiple pairs, multiple markets, multiple time frame charts. And if your strategy is good and sound and quality, then these setups will appear. And what that also does is it stops me taking what I call B-grade setups. If I see something that’s just not there, I don’t trade, but by having the ability to scan through those multiple markets and multiple time frame charts, I’m giving myself a higher probability chance of getting what I call an A-trade setup. It has all the things that I’m looking for in my favor. View our new look website and Masterclass. If you’d like to find out more, there’s a couple of things you can do. You can jump onto my masterclass. If you’ve not already been on that, have a look at the masterclass. I’ll put a link to that here as well. Client review testimonial videos. And over the last few weeks, we’ve had a lot of our more experienced traders from right around the world, experienced clients, jump on and have given some really nice review testimonial videos, which I’m starting to add to the website. Have a look at those. You know, people that have been with us for years that are doing really well from their trading, and people just like you who may have been a little bit confused or a bit lost when they first joined us, but now they have a community around them. They have a proven quality strategy with low risk, low drawdown and more importantly than anything, they now know as traders what to do by themselves. They know what charts to look at, when to look at them, and they know exactly how to enter and exit the market to give themselves a very low drawdown per trade and equal risk per trade, but also high reward-to-risk outcomes. So that to me is another important part of our success. The different markets, the different time frame charts, the 1 strategy and the community, the low drawdowns, high reward-to-risk. Put all that together, you’ve got yourself a winning strategy and a winning formula. So have a look at those videos. Have a look at the masterclass if you would like to find out more about how we do this, and if you’d like to come on board and join us here at The Forex Trading Coach, I’ll see you this time next week. This is Andrew Mitchem at The Forex Trading Coach. Enjoy trading again. Like I say each week now, get outside, enjoy the outdoors. That’s why I’m not doing these videos in front of the screen. Trade and enjoy life. You know, very often trade for 10-15 minutes a day. Get outside, work, family, music, sport, hobbies, whatever it is that you like doing, do that and your trading will take care of itself. Bye for now. Episode Title: #637: Why Trading Only EUR/USD Is Holding You Back Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass

Send us Fan MailUS-Iran strikes continue for second night but markets steadier after selloff. AI rally hit by Oracle earnings and rate expectations as ECB set to hike. US CPI data briefly calms inflation nerves, attention turns to PPI report. Oil choppy within recent range, gold recovers after dive towards $4,000. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailFresh US-Iran hostilities fail to push oil prices sustainably higher; peace deal expectations remain intact. US equity markets are under pressure despite strong SpaceX IPO demand. Today's US CPI report could prove pivotal for Fed expectations and broader risk appetite. Dollar/yen climbs higher; can Japanese authorities keep their powder dry until the BoJ meeting?Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailMarkets remain mostly optimistic about a US-Iran deal despite setbacksand the recent hostilities. US equity markets in the spotlight amidst AIenthusiasm and the imminent SpaceX IPO. Risk appetite could be testedby stronger US CPI data and Thursday's ECB meeting. The yen fails tobenefit from dollar weakness and BoJ hike expectations.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailStrong US jobs data boost dollar and Fed hike expectations. Rising Middle East tensions push oil prices higher. Gold falls as rising yields and strong dollar reduce its appeal. Wall Street tumbles, led by tech and AI stocks.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

The much stronger than expected US jobs report has had the obvious impact with front-end rates and the dollar stronger. Derek Halpenny, Head of Research Global Markets EMEA & International Securities sits down with Chris Jakubowski, FX Institutional Sales to discuss the impact of the data going forward. How does this impact EUR/USD with the ECB expected to hike on 11th June? Has ECB pricing become overdone given recent economic data and how will the BoJ respond given the increased upside risks in USD/JPY?  

Send us Fan MailFresh setback for US-Iran talks after Hezbollah rejects Lebanon ceasefire. Oil nevertheless pares some weekly gains. But AI stocks succumb to profit taking, crypto rout deepens. Dollar slips ahead of jobs report as Fed rate hike bets ease slightly.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailThis week is packed with high-impact events that could drive major market moves. The US CPI report may shape expectations for Fed policy and influence the dollar, while the ECB meeting could signal the start of rate hikes and support the euro. Key data from China, the UK, and the US, along with the Bank of Canada decision, add to the volatility. Meanwhile, SpaceX's IPO, earnings, AI-driven equity momentum, and geopolitical risks could further impact markets.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Despite some encouraging signs of progress, the Iran war continues to drag on without a clear end in sight. Investors are exhibiting an element of headline fatigue, as the sort of headlines that would have previously been greeted with wild gyrations in markets are now being either roundly ignored or treated with caution. EUR/USD has subsequently traded within a tight range - we discuss what could trigger a breakout. This month is also a big month in the UK. The Bank of England looks set to hold policy steady, but the real focus will be on the Makerfield by-election. A victory for Greater Manchester mayor Andy Burnham could clear his path to Number 10. But what does this mean for the pound and gilts?We'd like to hear from you! Provide us with feedback so we can improve the podcast: https://linktr.ee/fxtalk  Liked this show? Please leave us a review here – even one sentence helps! 

Send us Fan MailIrael and Lebanon announce ceasefire, reviving peace hopes. But oil and dollar only marginally lower as caution prevails. Yen struggles near 160 per dollar despite Ueda's hawkish tilt. Wall Street snaps winning streak; more losses likely as Broadcom misses guidance.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailDollar gains as Middle East tensions escalate. Inflation concerns intensify, Fed hike bets move forward. Dollar/yen tests 160 and pulls back amid intervention warnings. Wall Street hits record highs, gold falls back below $4,500.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Die Nachrichten zum Iran-Krieg sowie zu KI haben die Märkte weiter in Atem gehalten. In dem Umfeld ist der S&P 500 auf neue Rekordhochs geklettert, während der DAX nur knapp unter seinen Rekordhochs notiert.

Send us Fan MailDollar rises on Middle East tensions, but ceasefire news ease pressure. Markets still pricing possible Fed rate hike amid inflation risks. Dollar/yen near 160 as Katayama softens intervention tone. Wall Street hits fresh record highs, gold remains range-bound.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

PODCAST LAS NOTICIAS CON CALLE DE 29 DE MAYO -   La UPR presenta un nuevo presupuesto - El Vocero Piden a pensionados de la AEE que tengan cuenta de banco en PR porque han tenido problemas con bancos de fuera - El Vocero Pelea por fondos de FEMA entre Cor3 y la industria local por plantear traer empresas de fuera - El Nuevo Día No hubo conducta anti ética dice Ferraiuoli - El Nuevo Día 15 candidatos para dirigir DDEC, sector privado en La Fortaleza, Lefranc Fortuño interino no se va a quedar como jefe - El Nuevo Día Van pal Tribunal para saber los casos que Justicia cerró sin investigar por meramente haber pasado el tiempo - El Vocero El nuevo Hilton Garden Inn va porque la demanda para detenerlo se presentó muy tarde - El Nuevo Día 57% de los boricuas en Florida rechazan a Trump - El Nuevo Día Cuelgan medida por la eutanasia en el Senado - El Nuevo Día Explota cohete espacial de Amazon, Elon Musk gana en ruta al espacio - CNBCBoricuas no pueden comprar casa - Metro Nadie quiere que se quede LeFranc Fortuño - El Vocero TMobile lanza live translación para conversaciones telefónicas en tiempo real - El Vocero Impresionante logro de WKAQ - El Vocero La gente no puede comprar casa en PR - Metro Piden más empleados para aeroespacial, pero los que podrían están emigrando - El Vocero Irán y USA logran acuerdo, pero Trump no lo ha aprobado todavía - Bloomberg SpaceX dice que su negocio vale 1.8 trillones - Bloomberg Arabia dice que bajará precio del petróleo, WTI a 87 Drone ruso entra a Rumanía y provoca activación militar de la OTAN- FTCuidadores informales en San Juan recibirán ID para que tengan trato preferente en San Juan - El Nuevo Día Horrible accidente con Cybertruck deja dos muertos y varios heridos - Noticentro Alberta Canadá propone separarse en consulta para la independencia - CNBC#universal #incluyeauspicioLOS DATOS DEL DÍA• Brent: $92.10/barril• Diésel wholesale (No.2): $3.69/galón• S&P 500: –0.02% (Nasdaq nuevo récord)• Dow Jones: –0.63%• Bono 10Y Tesoro: 4.502%• EUR/USD: $1.164• Gas natural (Henry Hub): $3.27/MMBtu• Tasa hipotecaria 30Y: 6.59%• PCE abril: +0.4% mensual, +3.8% anual (más alto en ~3 años)

Send us Fan MailMarkets are heading into a critical week as traders react to major economic datareleases and ongoing US-Iran tensions. From Eurozone inflation and Australia'sGDP to the US ISM Services PMI and Friday's Nonfarm Payrolls report, volatilitycould surge across currencies, commodities, stocks, and crypto. Meanwhile,headlines surrounding the Strait of Hormuz blockade continue to fuel uncertainty inenergy markets and global risk sentiment. Gain insight into potential marketdirection, trading strategy considerations, and key levels to watch in this week'smarket outlook. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD#NFP #CPI #PMI

Send us Fan MailUS and Iran agree on 60-day memorandum of understanding. Oil slides onHormuz reopening optimism. Investors scale back Fed hike bets despitehot PCE inflation. Wall Street at record highs, gold rebounds. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailDollar gains amid new US-Iran conflict escalation. Fed rate hike bets remain elevated ahead of US PCE data. Gold falls below $4,500, yen flirts with intervention levels. Stocks steady near highs, driven mainly by AI optimism. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailMarkets are mostly optimistic about a US-Iran deal; bond yields drop while dollar slips. Oil prices remain sticky despite Monday's decline; both gold and bitcoin trend lower. Rate hikes have become the central scenario for the ECB, the RBNZ and the BoJ. Dollar/yen refuses to drop; are Japanese officials postponing another intervention? Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

PODCAST LAS NOTICIAS CON CALLE DE 26 DE MAYO - Vuelven a atacarse Irán y USA, dice el FT que Irán huele a debilidad de TrumpJGo v. Rivera Schatz hoy se reúnen los titanes Miguel Romero lanza anuncio de casi campaña - El Vocero Aumentan asesinatos en 25 más que el año pasado y esclarecimiento en 40% - El Vocero Bonistas se quejan de demandas contra LUMA y quieren paralizar sacarlos - El Vocero Fiscalía no quiere separar caso de CDobleta de los demás acusados - El Vocero 5 muertes en las cárceles y 18 en lo que va de año - El Nuevo Día Proponen amnistía para entregar armas gratis - El Nuevo Día Gobierno de PR no va a intervenir para que le devuelvan los fondos de energía solar - El Nuevo DíaEsperando contratos temporeros de energía de Power Expectations - Metro MMM hoy voy pa Martins BBQEl mejor y más sabroso pollo asado a la varita de Puerto Rico. Cocinando diariamente comida fresca saludable y sabrosa con un montón de complementos para escoger, arroces, habichuelas, verduras, mofongo,tostones,....MMMM....Esto si es criolloMartins BBQ, TOMANDO todas las medidas de salud y sabor para mantener la mesa boricua al dia con opciones para llamar, recoger o delivery por UBER Eats, y DoorDash.MMM Hoy como en Martin's BBQAsado...Jugoso...Sabroso#martinsbbq#incluyeauspicio Enfermero demanda para recuperar armas luego de caso Viqueira - El Nuevo Día Admiten Empleados de tribunales piden trabajar remoto y jornada reducida por costo de vida - Metro Trump ata acuerdos para Israel de otros países para finalizar acuerdo de Irán - Reuters Equipo de Irán estará en México para la copa mundial luego de Trump negarle que vivan en USA - Reuters El Papa se presenta contra la inteligencia artificial - Reuters China no deja viajar a talento top de Ai - Bloomberg Israel vuelve a atacar a Hezbollah en Líbano - NYT Texas decide la fuerza MAGA y de Trump entre Paxton y Cornyn - NYTIceland considera meterse a la Unión Europea ante amenazas de Trump contra Groenlandia - NYTBono Tesoro 30Y cerró el viernes en 5.06%, cerca del máximo post-2007 de 5.18%. Hipoteca 30Y subió de menos de 6% a 6.65% en tres meses (Freddie Mac reportó 6.51% esta semana).LOS DATOS DEL DÍABrent: $98.11/barril (+0.89%)Diésel mayorista EEUU: $3.74/galón (retail nacional ~$5.60)S&P 500: 7,473.47 (+0.37%)Dow Jones: 50,579.70 (+0.58%)Bono Tesoro 10Y: 4.51%EUR/USD: 1.1633Gas natural (Henry Hub): $2.95/MMBtu (+1.48%)Hipoteca fija 30Y: 6.51% • • Oro: $4,572.80/oz (+1.15%) · Bono Tesoro 30Y: 5.06%

Send us Fan MailHopes of immediate Iran deal dashed after US " self-defence " strikes. Oilspikes higher, US dollar advances, but US stock futures stay positive. Goldreverses gains even as bond yields extend slide in easing inflation fears.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailThe imminent US-Iran deal has boosted risk assets, with oil prices declining aggressively. Despite the initial reaction, investors remain somewhat cautious as chances of disagreement remain high. Dollar weakens, but dollar/yen fails to benefit; is another BoJ intervention imminent? US markets are closed today; low liquidity could amplify reactions to Middle East newsflow.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailMarkets await update on US-Iran talks amid progress and intransigence. Oil stays choppy in headline-driven trading but headed for weekly losses. As global inflation fears intensify, dollar stands tall, Warsh swearing in eyed. Stocks shrug off geopolitical risks as AI optimism prevails.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailAll eyes are on the Fed's preferred inflation gauge, the core PCE report, which could shift rate expectations and spark volatility across FX, stocks, and crypto. With US GDP, jobless claims, and the RBNZ decisions also on deck, markets face a wave of key catalysts. Moreover, geopolitical developments and the unfolding political drama in the United Kingdom, could further add to volatility and excitement across all asset classes.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailTrump says Iran talks in ‘final stages' but investors remain nervous. Oil prices pare losses amid worries about supply and depleting inventories. Dollar regains front foot after weak May PMIs in Asia and Europe. Yen breaches 159 per dollar again despite hawkish BoJ comments. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailNo light at the end of the Middle East talks tunnel; oil prices remain dangerously high. US equity markets are shielded by Nvidia earnings expectations, ignoring elevated yields. Disappointment from Nvidia results and FOMC minutes could trigger a broader correction. Dollar/yen rally pauses, pound retains yesterday's gains. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailMiddle East negotiations continue to dominate market sentiment. Elevated oil prices and Treasury yields cast a shadow over equities. A strong market decline could force Trump's hand; could Nvidia earnings trigger it? Dollar/yen reached ¥159, fresh intervention is imminent; has the BoJ learnt its lesson?Dollar hits 2-month high on Middle East tensions. Higher oil prices add to inflation fears and increase Fed hike bets. Yen enters intervention zone, pound weakens ahead of key data. Wall Street pulls back, gold falls below key support zone.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailDollar hits 2-month high on Middle East tensions. Higher oil prices add to inflation fears and increase Fed hike bets. Yen enters intervention zone, pound weakens ahead of key data. Wall Street pulls back, gold falls below key support zone.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Meera Chandan, Patrick Locke and Antonin Delair discuss why the top-down view is becoming more supportive of the dollar, new forecast profile for EUR/USD, systematic signal take-aways for FX and GBP follow-through from political developments.    This podcast was recorded on 15 May 2026. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5304806-0 and https://www.jpmm.com/research/content/GPS-5304339-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.

Send us Fan MailHormuz limbo lifts oil prices, fuelling inflation worries. Bond yields jump across the board on firmer rate hike expectations. Gold and stocks tumble but dollar jumps to 2½-week high. Pound leads FX losers amid twists and turns of UK politics.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailA pivotal week for global markets is ahead as investors focus on Fed meetingminutes, inflation data, and Nvidia earnings. Key economic releases from the UK,Canada, Japan, the Eurozone, and the US could drive volatility across currencies,equities, and commodities. Markets will be closely watching for signs of persistentinflation, shifting interest rate expectations, and continued strength in AI-drivengrowth. Gain insight into potential market direction, trading strategy considerations, and key levels to watch in this week's market outlook.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailAI-fuelled stock rally shows no sign of easing as Cisco latest to smash earnings. US PPI data adds to heightened inflation risks as Treasury yields jump. Trump and Xi hold talks but lack of details keeps markets in suspense. Pound finds some love from upbeat GDP data as Starmer's woes worsen.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailDollar rises on strong US inflation and US-Iran stalemate. Hotter-than-expected CPI bolsters Fed rate hike bets. Markets await outcomes from the Trump-Xi meeting. Tech stocks slide, gold retreats but stays above key support.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailDollar rebounds on stalled US-Iran talks. Oil up, lifts inflation expectations and Fed hike bets. Yen volatile amid intervention talk, pound falls on UK politics. Wall Street hits fresh record highs, but futures pull back today.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailUS President rejects fresh Iran proposal, raising risk of renewed hostilities rises. Newsflow triggers muted risk-off reaction; oil bounces higher. US equities remain buoyant ahead of key US data and Warsh's Senate vote. Dollar/yen rises, fresh intervention likely; pound awaits Starmer's next move.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailDollar rebounds amid renewed Hormuz uncertainty. Inflation concerns reemerge ahead of nonfarm payrolls. Japan's wage data support BoJ rate hike case. Wall Street pulls back but outlook remains bright.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailTraders prepare for a high‑impact week as US CPI inflation, Federal Reserve developments, and escalating geopolitical risks drive market volatility. From the Fed Chair nomination vote and key US inflation data and retail sales figures to UK GDP, we break down the crucial events shaping forex, stock, commodity, gold, and crypto markets. Gain insight into potential market direction, trading strategy considerations, risk management, and key levels to watch in this week's market outlook. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailUS-Iran deal hopes intensify, pushing oil off the cliff. Dollar retreats as easing inflation fears reduce Fed hike pressure. Yen jumps on intervention speculation. Wall Street rallies to record highs, gold breaks key resistance.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Crude & USD dented, equities & fixed bid after Trump paused Project Freedom and more recently as Axios reports that the US & Iran are closing in on an MOU to end the conflict.Brent below USD 101.50/bbl, ES +0.7%, DAX 40 +2.5%, EUR/USD above 1.1770, Bunds firmer by over 80 ticks.JPY was likely the subject of intervention overnight, falling from 157.00 to a 155.03 low, but has since rebounded back towards the 156.00 mark.NQ +1.3%, outperforming as AMD surges +19% as data centre growth drives a beat.Israeli security/military officials reportedly believe negotiations are a waste of time, and conveyed to the US a desire to resume attacks on Iran.Looking ahead, highlights include Canadian Ivey PMI (Apr), US ADP Employment (Apr), US Treasury Refunding Announcement, NBP Policy Announcement, Speakers include Fed's Goolsbee, Musalem, BoC's Macklem & Rogers.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Send us Fan MailTrump pauses ‘Project Freedom', reopens the door to a peace agreement. Risk appetite improves further, even though oil prices remain near $100. US equity indices post fresh all-time highs; bitcoin and gold also advance. Dollar is the weakest link today as focus shifts to the ADP report. Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailHeightened risk of renewed US-Iran hostilities following yesterday's developments. Oil stabilizes and risk appetite remains supported; bitcoin climbed above $80k. RBA hikes but signals pause, pushing aussie lower. Dollar fails to rally on ME headlines; focus shifts to US prints and Fedspeak.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailTrump says US to escort ships trapped in Hormuz but mixed signals on talks. Wall Street at record high as stellar Apple earnings underscore optimism. Palantir, AMD and ARM will be this week's highlights ahead of NFP report. Yen unable to extend gains despite persisting intervention risks.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Send us Fan MailThree-way split at Fed livens up Powell's last meeting, puts yen in jeopardy. Oil prices jump again as Trump signals impatience with Iran. Stagflation fears overpower equities despite bumper tech earnings. But FX markets largely calm as ECB and BoE decisions awaited.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD

Daniel Lam explores the evolving macro and central bank dynamics between the Euro area and the US, explaining why we expect upward momentum for EUR/USD.Speaker: - Daniel Lam, Head, Cross-Asset Derivative Strategy, Standard Chartered BankFor more of our latest market insights, visit Market views on-the-go or subscribe to Standard Chartered Wealth Insights on YouTube.

Our Chief Cross-Asset Strategist Serena Tang discusses why the closure of the Strait of Hormuz and its impact on oil prices could define the entire market cycle.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Serena Tang, Morgan Stanley's Chief Cross-Asset Strategist. Today: how the latest energy shock is rippling across every major asset class.It's Thursday, April 2nd, at 10am in New York. Right now, the markets aren't just reacting to oil – they're being shaped by it. The path of energy prices is quickly becoming the lens through which investors interpret everything else: growth, inflation, policy, and ultimately risk appetite. And depending on where oil settles, the market story could look very different from here. The starting point is simple: the baseline for energy prices has shifted higher. If tensions ease, our Chief Commodities Strategist, Martijn Rats, expects oil to settle around $80 to $90 per barrel in 2026, quite a step up from what we saw in 2025. If constraints persist, that rises to $100 to $110 per barrel. And in a more extreme scenario – where supply disruptions intensify – oil can reach $150 to $180 per barrel. Now, at those higher levels, the impact becomes nonlinear. Oil stops being just an inflation story and starts weighing directly on demand and growth. That's why we see the current environment as binary: markets either revert to their pre-shock trajectory, or they begin pricing in a much tougher mix of tighter policy and weaker growth. To make sense of this, we frame the outlook through three scenarios. In a de-escalation scenario, supply disruptions ease quickly and oil stabilizes in that $80 to $90 per barrel range. Markets effectively breathe a sigh of relief. Investors refocus on growth drivers like earnings resilience and AI investment. And equities outperform, particularly cyclical sectors like consumer discretionary, financials, and industrials, while defensives lag. Bond yields fall, as inflation expectations decline. All in all, in plain terms, this is a classic risk-on environment. The second scenario – ongoing constraints – is a little bit more complicated. Oil stays elevated around $100 to $110 per barrel. Markets can absorb that, we think, but it creates friction. Equities still perform, but with more volatility and less conviction. The S&P [500] is likely to move within a wide 6400 and 6850 range in the near term. Leadership shifts toward higher-quality companies – those with steadier earnings and stronger balance sheets – along with select defensives like healthcare. At the same time, credit markets start to really feel the strain with spreads widening in general under performance. The third scenario – effective closure – is where the backdrop really changes. With oil above $150 per barrel, the focus shifts from inflation to growth risk. Investors will move into what we call a ‘recession playbook,' dialing back equity exposure and increasing allocations to government bonds and cash. Defensive sectors like utilities, telecoms, and energy take the lead, as markets begin to price in a higher risk to the earnings cycle. Credit conditions tighten sharply, with high-yield spreads potentially widening materially. What makes this environment especially challenging is how everything connects. In a typical cycle, bonds help offset equity losses. But in an oil shock, that relationship can break down because inflation is rising at the same time growth is slowing. That's what we usually call a stagflationary setup, and it makes diversification harder just when investors need it most. Currencies are reacting as well. In a more severe shock, the U.S. dollar strengthens, with EUR/USD potentially falling toward 1.13, while safe-haven currencies like the Swiss franc outperform. In a de-escalation scenario, EUR/USD could move back above 1.17 as risk sentiment improves. Importantly, markets have adjusted over the past month. Equity valuations at one point was down about 15 percent on a forward price-to-earnings basis, suggesting in a large part of the risk was being priced in. At the same time, sentiment has improved from deeply negative levels, especially over the last few days, even as volatility remains closely tied to oil. Thanks for listening. If you enjoy the show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.

APAC mostly firmer as China returned, somewhat shrugging off the weak Wall St. finish on AI disruption concerns.DXY marginally firmer, EUR/USD directionless, while USD/JPY edged higher and above 155.00.USTs pulled back from Monday's best, Bunds remained near highs, while JGBs saw choppy action after the long weekend.Crude remained tentative amid ongoing geopolitical uncertainty, XAU faded while copper rallied as China returned.Looking ahead, highlights include US ADP Weekly, House Prices (Dec), Consumer Confidence (Feb), Dallas/Richmond Fed (Feb), Atlanta Fed GDP, NBH Policy Announcement, Speakers including ECB's Lagarde, BoE's Bailey, Lombardelli, Greene, Taylor & Pill, Fed's Goolsbee, Collins, Bostic, Waller, Cook & Barkin, Supply from UK, Italy & US, Earnings from Home Depot & Keurig Dr Pepper.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Today, another breakdown of the remarkable dispersion in the US market, with few signs that it is ending just yet, while Europe continues to soar on record inflows. FX is deeper in limbo after USD shorts were squeezed - important to see how we close for the week there, especially for EURUSD as we saw a very pale green shoot from the German Manufacturing PMI today for the first time in years. This and much more on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy. Links discussed on the podcast and our Chart of the Day can be found on the John J. Hardy substack (within one to four hours from the time of the podcast release). Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here. Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo. Intro and outro music by AShamaluevMusic DISCLAIMER This content is marketing material. Trading financial instruments carries risks. Always ensure that you understand these risks before trading. This material does not contain investment advice or an encouragement to invest in a particular manner. Historic performance is not a guarantee of future results. The instrument(s) referenced in this content may be issued by a partner, from whom Saxo Bank A/S receives promotional fees, payment or retrocessions. While Saxo may receive compensation from these partnerships, all content is created with the aim of providing clients with valuable information and options.

Please join Ralf Preusser for a discussion on the German outlook with Evelyn Herrmann, Sphia Salim and Michalis Rousakis. We will explore the view on the German fiscal implementation, its impact on the growth profile in 2026-27 and the challenges ahead. We will also present our EUR rate and German yield forecasts as well as our takeaways for the EURUSD outlook.   Disclosure: You may also enjoy listening to the Merrill Perspectives podcast, featuring conversations on the big stories, news and trends affecting your everyday financial life.   "Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, trading, research, strategic advisory, and other investment banking and markets activities are performed globally by affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc. a registered broker-dealer and Member of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. ©2026 Bank of America Corporation. All rights reserved.  

Original Release Date: December 3, 2025Our Global Head of Fixed Income Research and Public Policy Strategy Michael Zezas and Chief Global Cross-Asset Strategist Serena Tang address themes that are key for markets next year.Read more insights from Morgan Stanley.----- Transcript -----Michael Zezas: Welcome to Thoughts on the Market. I'm Michael Zezas, Global Head of Fixed Income Research and Public Policy Strategy.Serena Tang: And I'm Serena Tang, Morgan Stanley's Chief Global Cross-Asset Strategist.Michael Zezas: Today we'll be talking about key investor debates coming out of our year ahead outlook.It's Wednesday, December 3rd at 10:30am in New York.So, Serena, it was a couple weeks ago that you led the publication of our cross-asset outlook for 2026. And so, you've been engaging with clients over the past few weeks about our views – where they differ. And it seems there's some common themes, really common questions that come up that represent some important debates within the market.Is that fair?Serena Tang: Yeah, that's very fair. And, by the way, I think those important debates, are from investors globally. So, you have investors in Europe, Asia, Australia, North America, all kind of wanting to understand our views on AI, on equity valuations, on the dollar.Michael Zezas: So, let's start with talking about equity markets a bit. And one of the common questions – and I get it too, even though I don't cover equity markets – is really about how AI is affecting valuations. One of the concerns is that the stock market might be too high, might be overvalued because people have overinvested in anything related to AI. What does the evidence say? How are you addressing that question?Serena Tang: It is interesting you say that because I think when investors talk about equities being too high, of valuations – AI related valuations being very stretched, it's very much about parallels to that 1990s valuation bubble.But the way I approach it is like there are some very important differences from that time period, from valuations back then. First of all, I think companies in major equity indices are higher quality than the past. They operate more efficiently. They deliver strong profitability, and in general pretty solid free cash flow.I think we also need to consider how technology now represents a larger share of the index, which has helped push overall net margins to about 14 percent compared to 8 percent during that 1990s valuation bubble. And you know, when margins are higher, I think paying premium for stocks is more justified.In other words, I think multiples in the U.S. right now look more reasonable after adjusting for profit margins and changes in index composition. But we also have to consider, and this is something that we stress in our outlook, the policy backdrop is unusually favorable, right? Like you have economists expecting the Fed to continue easing rates into next year. We have the One Big Beautiful Bill Act that could lower corporate taxes, and deregulation is continuing to be a priority in the U.S.And I think this combination, you know, monetary easing, fiscal stimulus, deregulation. That combination rarely occurs outside of a recession. And I think this creates an environment that supports valuation, which is by the way why we recommend an overweight position in U.S. equities, even if absolute and relative valuation look elevated.Michael Zezas: Got it. So, if I'm hearing you right, what I think you're saying is that comparisons to some bubbles of the past don't necessarily stack up because profitability is better. There aren't excesses in the system. Monetary policy might be on the path that's more accommodative. And so, when compared against all of that, the valuations actually don't look that bad.Serena Tang: Exactly.Michael Zezas: Got it. And sticking with the equity markets, then another common question is – it's related to AI, but it's sort of around this idea that a small set of companies have really been driving most of the growth in the market recently. And it would be better or healthier if the equity market were to perform across a wider set of companies and names, particularly in mid- and small cap companies. Is that something that we see on the horizon?Serena Tang: Yes. We are expecting U.S. stock earnings to sort of broaden out here and it's one of the reasons why our U.S. equity strategy team has upgraded small caps and now prefer it over large caps. And I think like all of this – it comes from the fact that we are in a new bull market. I think we have a very early cycle earnings recovery here. I mean, as discussed before, the macro environment is supportive. And Fed rate cuts over the next 12 months, growth positive tax and regulatory policies, they don't just support valuations. They also act as a tailwind to earnings.And I think like on top of that, leaner cost structures, improving earnings revisions, AI driven efficiency gains. They all support a broad-based earnings upturn. and our U.S. equity strategy team do see above consensus 2026 earnings growth at 17 percent. The only other region where we have earnings growth above consensus in 2026 is Japan; for both Europe and the EM we are below, which drive out equal weight and slight underweight position in those two indices respectively.Michael Zezas: Got it. And so, since we can't seem to get away from talking about AI and how it's influencing markets, the other common question we get here is around debt issuance related to AI.So, our colleagues put together a report from earlier this year talking about the potential for nearly $3 trillion of AI related CapEx spending over the next few years. And we think about half of that is going to have to be debt financed. That seems to be a lot of debt, a lot of potential bonds that might be issued into the market – which, are credit investors supposed to be concerned about that?Serena Tang: We really can't get away from AI as a topic. And I think this will continue because AI-related CapEx is a long-term trend, with much of the CapEx still really ahead. And I think this goes to your question. Because this really means that we expect nearly another [$]3 trillion of data center related CapEx from here to 2028. You know, while half of the spend will come from operating cash flows of hyperscalers, it still leaves a financing gap of around [$]1.5 trillion, which needs to be sourced through various credit channels.Now, part of it will be via private credit, part of it would be via Asset Backed Securities. But some of it would also be via the U.S. investment grade corporate credit bond space. So, add in financing for faster M&A cycle, we forecast around [$]1 trillion in net investment grade bond issuance, you know, up 60 percent from this year.And I think given this technical backdrop, even though credit fundamentals should stay fine, we have doubled downgraded U.S. investment grade corporate credit to underweight within our cross asset allocation.Michael Zezas: Okay, so the fundamentals are fine, but it's just a lot of debt to consume over the next year. And so somewhat strangely, you might expect high yield corporate bonds actually do better.Serena Tang: Yes, because I think a high yield doesn't really see the same headwind from the technical side of things. And on the fundamentals front, our credit team actually has default rates coming down over the next 12 months, which again, I think supports high yield much better than investment grade.Michael Zezas: So, before we wrap up, moving away from the equity markets, let's talk about foreign exchange. The U.S. dollar spent much of last year weakening, and that's a call that our team was early to – eventually became a consensus call. It was premised on the idea that the U.S. was going to experience growth weakness, that there would also be these questions among investors about the role of the dollar in the world as the U.S. was raising trade barriers. It seemed to work out pretty well.Going into 2026 though, I think there's some more questions amongst our investors about whether or not that trend could continue. Where do we land?Serena Tang: I think in the first half of next year that downward pressure on the dollar should still persist. And you know, as you said, we've had a very differentiated view for most of this year, expecting the dollar to weaken in the first half versus G10 currencies. And several things drive this. There is a potential for higher dollar negative risk premium, driven by, I think, near term worries about the U.S. labor markets in the short term. And as investors, I think, debate the likely composition of the FOMC next year. Also, you know, compression in U.S. versus rest of the world. Rate differentials should reduce FX hedging costs, which also adds incentive for hedging activity and dollar selling.All this means that we see downward pressure on the dollar persisting in the first half of next year with EUR/USD at 123 and USD/JPY at 140 by the end of first half 2026.Michael Zezas: All right. Well, that's a pretty good survey about what clients care about and what our view is. So, Serena, thanks for taking the time to talk with me today.Serena Tang: And thank you for inviting me to the show today.Michael Zezas: And to our audience, thanks for listening. If you enjoy Thoughts on the Market, please leave us a review and share the podcast. We want everyone to listen.

Our Global Head of Fixed Income Research and Public Policy Strategy Michael Zezas and Chief Global Cross-Asset Strategist Serena Tang address themes that are key for markets next year.Read more insights from Morgan Stanley.----- Transcript -----Michael Zezas: Welcome to Thoughts on the Market. I'm Michael Zezas, Global Head of Fixed Income Research and Public Policy Strategy.Serena Tang: And I'm Serena Tang, Morgan Stanley's Chief Global Cross-Asset Strategist.Michael Zezas: Today we'll be talking about key investor debates coming out of our year ahead outlook.It's Wednesday, December 3rd at 10:30am in New York. So, Serena, it was a couple weeks ago that you led the publication of our cross-asset outlook for 2026. And so, you've been engaging with clients over the past few weeks about our views – where they differ. And it seems there's some common themes, really common questions that come up that represent some important debates within the market. Is that fair?Serena Tang: Yeah, that's very fair. And, by the way, I think those important debates, are from investors globally. So, you have investors in Europe, Asia, Australia, North America, all kind of wanting to understand our views on AI, on equity valuations, on the dollar.Michael Zezas: So, let's start with talking about equity markets a bit. And one of the common questions – and I get it too, even though I don't cover equity markets – is really about how AI is affecting valuations. One of the concerns is that the stock market might be too high, might be overvalued because people have overinvested in anything related to AI. What does the evidence say? How are you addressing that question? Serena Tang: It is interesting you say that because I think when investors talk about equities being too high, of valuations – AI related valuations being very stretched, it's very much about parallels to that 1990s valuation bubble.But the way I approach it is like there are some very important differences from that time period, from valuations back then. First of all, I think companies in major equity indices are higher quality than the past. They operate more efficiently. They deliver strong profitability, and in general pretty solid free cash flow.I think we also need to consider how technology now represents a larger share of the index, which has helped push overall net margins to about 14 percent compared to 8 percent during that 1990s valuation bubble. And you know, when margins are higher, I think paying premium for stocks is more justified.In other words, I think multiples in the U.S. right now look more reasonable after adjusting for profit margins and changes in index composition. But we also have to consider, and this is something that we stress in our outlook, the policy backdrop is unusually favorable, right? Like you have economists expecting the Fed to continue easing rates into next year. We have the One Big Beautiful Bill Act that could lower corporate taxes, and deregulation is continuing to be a priority in the U.S. And I think this combination, you know, monetary easing, fiscal stimulus, deregulation. That combination rarely occurs outside of a recession. And I think this creates an environment that supports valuation, which is by the way why we recommend an overweight position in U.S. equities, even if absolute and relative valuation look elevated.Michael Zezas: Got it. So, if I'm hearing you right, what I think you're saying is that comparisons to some bubbles of the past don't necessarily stack up because profitability is better. There aren't excesses in the system. Monetary policy might be on the path that's more accommodative. And so, when compared against all of that, the valuations actually don't look that bad.Serena Tang: Exactly.Michael Zezas: Got it. And sticking with the equity markets, then another common question is – it's related to AI, but it's sort of around this idea that a small set of companies have really been driving most of the growth in the market recently. And it would be better or healthier if the equity market were to perform across a wider set of companies and names, particularly in mid- and small cap companies. Is that something that we see on the horizon?Serena Tang: Yes. We are expecting U.S. stock earnings to sort of broaden out here and it's one of the reasons why our U.S. equity strategy team has upgraded small caps and now prefer it over large caps. And I think like all of this – it comes from the fact that we are in a new bull market. I think we have a very early cycle earnings recovery here. I mean, as discussed before, the macro environment is supportive. And Fed rate cuts over the next 12 months, growth positive tax and regulatory policies, they don't just support valuations. They also act as a tailwind to earnings.And I think like on top of that, leaner cost structures, improving earnings revisions, AI driven efficiency gains. They all support a broad-based earnings upturn. and our U.S. equity strategy team do see above consensus 2026 earnings growth at 17 percent. The only other region where we have earnings growth above consensus in 2026 is Japan; for both Europe and the EM we are below, which drive out equal weight and slight underweight position in those two indices respectively.Michael Zezas: Got it. And so, since we can't seem to get away from talking about AI and how it's influencing markets, the other common question we get here is around debt issuance related to AI.So, our colleagues put together a report from earlier this year talking about the potential for nearly $3 trillion of AI related CapEx spending over the next few years. And we think about half of that is going to have to be debt financed. That seems to be a lot of debt, a lot of potential bonds that might be issued into the market – which, are credit investors supposed to be concerned about that?Serena Tang: We really can't get away from AI as a topic. And I think this will continue because AI-related CapEx is a long-term trend, with much of the CapEx still really ahead. And I think this goes to your question. Because this really means that we expect nearly another [$]3 trillion of data center related CapEx from here to 2028. You know, while half of the spend will come from operating cash flows of hyperscalers, it still leaves a financing gap of around [$]1.5 trillion, which needs to be sourced through various credit channels.Now, part of it will be via private credit, part of it would be via Asset Backed Securities. But some of it would also be via the U.S. investment grade corporate credit bond space. So, add in financing for faster M&A cycle, we forecast around [$]1 trillion in net investment grade bond issuance, you know, up 60 percent from this year.And I think given this technical backdrop, even though credit fundamentals should stay fine, we have doubled downgraded U.S. investment grade corporate credit to underweight within our cross asset allocation.Michael Zezas: Okay, so the fundamentals are fine, but it's just a lot of debt to consume over the next year. And so somewhat strangely, you might expect high yield corporate bonds actually do better.Serena Tang: Yes, because I think a high yield doesn't really see the same headwind from the technical side of things. And on the fundamentals front, our credit team actually has default rates coming down over the next 12 months, which again, I think supports high yield much better than investment grade.Michael Zezas: So, before we wrap up, moving away from the equity markets, let's talk about foreign exchange. The U.S. dollar spent much of last year weakening, and that's a call that our team was early to – eventually became a consensus call. It was premised on the idea that the U.S. was going to experience growth weakness, that there would also be these questions among investors about the role of the dollar in the world as the U.S. was raising trade barriers. It seemed to work out pretty well. Going into 2026 though, I think there's some more questions amongst our investors about whether or not that trend could continue. Where do we land?Serena Tang: I think in the first half of next year that downward pressure on the dollar should still persist. And you know, as you said, we've had a very differentiated view for most of this year, expecting the dollar to weaken in the first half versus G10 currencies. And several things drive this. There is a potential for higher dollar negative risk premium, driven by, I think, near term worries about the U.S. labor markets in the short term. And as investors, I think, debate the likely composition of the FOMC next year. Also, you know, compression in U.S. versus rest of the world. Rate differentials should reduce FX hedging costs, which also adds incentive for hedging activity and dollar selling. All this means that we see downward pressure on the dollar persisting in the first half of next year with EUR/USD at 123 and USD/JPY at 140 by the end of first half 2026.Michael Zezas: All right. Well, that's a pretty good survey about what clients care about and what our view is. So, Serena, thanks for taking the time to talk with me today.Serena Tang: And thank you for inviting me to the show today.Michael Zezas: And to our audience, thanks for listening. If you enjoy Thoughts on the Market, please leave us a review and share the podcast. We want everyone to listen.