Saxo Market Call Nvidia to determine whether US stocks can achieve new highs
18 snips
May 28, 2025 Excitement is building as Nvidia's earnings call could set the stage for new highs in the US market. Meanwhile, Japan's bond market shows troubling signs, impacting global sentiment. The discussion dives into critical resistance levels for US stocks, influenced by geopolitical tensions with China and consumer confidence. The analysis of sluggish crude oil prices coincides with evolving dynamics in uranium, despite a lack of immediate growth. Overall, there's a palpable sense of anticipation impacting trader sentiment and commodity strategies.
AI Snips
Chapters
Transcript
Episode notes
Japanese Bond Market Weakness
- Japanese 40-year JGB auctions show weak demand and rising yields despite smaller auction sizes.
- Long-duration bond losses create tough duration matching for pension funds and insurers, signaling market stress.
US Treasury Market Stability Boosts Sentiment
- Return of orderliness in the US treasury market boosts risk sentiment and supports US dollar strength.
- Reduced fears of tariffs contribute to improving market optimism.
Gold Consolidation Amid Debt Concerns
- Gold is consolidating after a rejected rally and trending below a descending trend line.
- Demand is still underpinned by ongoing debt concerns, supporting gold and industrial metals like silver and platinum.