Nasdaq 100 makes it to 10,000. One way price action and ... · Source: Bloomberg Market Call, Wednesday, June 10, 2020 - Slide 10 Source: Bloomberg Fed yield-curve control 1942-1951

Nasdaq 100 makes it to 10,000. One way price action and acceleration

Market Call, Wednesday, June 10, 2020 - Slide 1Source: Saxo Group

If Nasdaq 100 gets too far away from log-trend then…

Market Call, Wednesday, June 10, 2020 - Slide 2

Source: Bloomberg

USDJPY – continues to push lower

Market Call, Wednesday, June 10, 2020 - Slide 3Source: Saxo Group

US treasuries critical for “fundamental market support” (multiples)

Market Call, Wednesday, June 10, 2020 - Slide 4Source: Bloomberg

AUDUSD – watching the 0.7040 area resistance

Market Call, Wednesday, June 10, 2020 - Slide 5Source: Saxo Group

FX and precious metals relative performance

Market Call, Wednesday, June 10, 2020 - Slide 6Source: Saxo Group and Bloomberg

Inditex reports first loss on record in Q1; revenue in June down 34% y/y

Market Call, Wednesday, June 10, 2020 - Slide 7Source: Saxo Group

Fed – how concerned is the Fed on inflation levels?

Market Call, Wednesday, June 10, 2020 - Slide 8Source: Bloomberg

US economy slowed dramatically last week…

Market Call, Wednesday, June 10, 2020 - Slide 9Source: Bloomberg

What will yield-curve control mean for equities?

Market Call, Wednesday, June 10, 2020 - Slide 10Source: Bloomberg

Source: Bloomberg

Fed yield-curve control 1942-1951

BOJ yield-curve control 2016-2020

WTI crude oil awaits weekly EIA report

Market Call, Wednesday, June 10, 2020 - Slide 11

Source: Saxo Group

Sugar pauses with oil after retracing half the sell-off

Market Call, Wednesday, June 10, 2020 - Slide 12

Source: Saxo Group

Copper reaches first target as funds get busy buying and Goldman turn bullish

Market Call, Wednesday, June 10, 2020 - Slide 13

Source: Saxo Group

Macro – Calendar Highlights

Today’s Calendar Highlights (all times GMT)

1000 – Sweden Riksbank’s Ingves to Speak

1230 – US May CPI

1430 – US Weekly DoE Crude Oil and Product Inventories

1800 – US FOMC Rate Decision, Monetary Policy Release

1830 – US Federal Reserve Chair Powell to Hold Press Conference

2301 – UK May RICS House Price Balance

This Week’s Calendar Highlights (all times GMT)

THU: US May PPI, US Weekly Initial Jobless Claims, Monthly WASDE report, EIA Natgas inventories

FRI: UK Apr. Manufacturing Production, France May CPI, US Jun. Preliminary University of Mich. Sentiment.

Market Call, Wednesday, June 10, 2020 - Slide 14