Podcast: Choose a direction, already...

Podcast: Choose a direction, already...

Podcast 20 minutes to read
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Saxo Market Call

Summary:  Today we look at the US market once again righting itself, rallying hard from intraday weakness and the gap lower in Microsoft after its earnings report from the prior day, and keeping the sense of suspense on the coming market direction very much alive as the price action is churning in pivotal areas on the chart. Tesla's report after hours and outlook kept that stock in rallying form as well. US yields eased again, and the Bank of Canada hiked, but indicated that it will pause its tightening cycle for now, one of the first non-EM banks to do so and driving hopes that other central banks will soon follow suit. A look at crude oil, wheat, gold, the earnings calendar ahead and more also on today's pod, which features Ole Hansen on commodities and John J. Hardy hosting and on FX.


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