Saxo Market Call Bracing for Liberation Day
6 snips
Apr 1, 2025 
In this engaging discussion, Ole Hansen, a commodities expert, unpacks the market dynamics leading up to 'Liberation Day'. He dives into the recent surge in gold and its surprising position amidst a booming commodity complex. The conversation also touches on geopolitics, particularly the collaboration between China, Japan, and South Korea, and its influence on commodities. Hansen shares insights on economic indicators affecting the ECB and discusses the tech sector's response to tariff tensions, providing a comprehensive look at today's volatile markets.
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Market Sell-off and Key Indicator
- The market sell-off intensified due to anticipated tariffs, despite Trump's earlier downplaying of their impact.
- The NASDAQ 100's 200-day moving average is a key indicator, with potential downside targets if selling continues.
Potential U.S.-EU Trade War
- The EU is preparing an "anti-coercion instrument" to respond to U.S. tariffs.
- There's a risk of a trade war escalating between the U.S. and EU, especially given rising geopolitical tensions.
Meta Breaks Key Level
- Meta's stock price broke below its 200-day moving average, following other tech giants.
- This is significant because Meta was the last of the "MAG-7" to hold above this key level.