Articles

steen jakobsen
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FOMC - didn't buy the deflation.....yet....

FOMC delivered as we expected but more hawkish than consensus:   Saxo preview of Fed - May 1st 2019 We remain with key elements of yesterday’s view: If Saxo is right: small risk off – a correction inside the present bull market…
steen jakobsen
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Macro Digest : Bank of England getting ready for lift off on rates?

 - Be long the underowned & priced for imperfection currencies: GBP, MXN and ZAR - Bank of England votes 8-to-1 for unchanged.   Key phrase: "With inflation rising sharply, and only mixed evidence on slowing activity domestically,…
steen jakobsen
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Brexit : Early comment...

The polls and the bookies got it wrong again – the move overnight has been made bigger by the “party” the risk on market had yesterday….I wrote my “expected” reaction earlier this week:   How a Brexit would play out: Jakobsen   My…
steen jakobsen
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Brexit : Why the EU is the least of Britain's worries

Britons will vote on their country's European Union status June 23, but the more important questions remain off-ballot. Photo: iStock    Brexit vote less important than UK's economic structure UK ballot risks further fracturing…