Saxo Market Call Bubbliest of the bubbly companies on deck with earnings. FX heating up?
9 snips
Nov 3, 2025 
In this episode, Ole Hansen, Head of Commodity Strategy at Saxo, shares his insights on the fluctuating commodities market. He discusses the recent stabilization of gold and implications from Chinese VAT changes. Hansen also delves into the soybean rally triggered by China's buying and the effects of seasonal demand on oil prices, highlighting OPEC's strategic moves. Lastly, he analyzes copper's potential breakout amidst supply concerns. Tune in for expert forecasts on these pivotal market trends.
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Divergent Risk Signals Between Tech And Crypto
- Markets show diverging signals: equities buoyed by big tech while crypto and VIX send cautionary notes.
- John Hardy highlights that a steep risk-sentiment run-up may be vulnerable to crypto-led weakness.
Use Upcoming Earnings To Reassess AI Bets
- Watch upcoming earnings for high-profile names like Palantir, AMD and Robinhood this week.
- Use these reports to reassess speculative AI positioning and momentum-driven stocks.
Gold Stabilizes; China Tax Move Seems Muted
- Gold has stabilized around 4,000 with key support near 3,850 after a needed consolidation.
- Ole Hansen sees Chinese VAT tweaks as muted because bullion and ETFs are excluded, limiting impact on investment demand.