
Saxo Market Call
For the aspirational trader and financial markets professional. Coming at you two to three times a week, the Saxo Market Call is the high frequency podcast for real-time analysis of the financial markets across asset classes, from forex and rates to equities and commodities.
Latest episodes

8 snips
Jun 27, 2025 • 26min
A bit too much perfection in the price?
The discussion opens with concerns over whether the US market is pricing in too much perfection. Insights into the weak USD and gold market technicals follow. The team delves into Nike's latest earnings and highlights two companies on an impressive growth trajectory. Market trends reveal underperforming stocks and the possible effects of US-China trade talks. Geopolitical tensions and their implications on high margin markets are scrutinized, alongside advancements in technology like solid-state batteries and military innovations.

14 snips
Jun 26, 2025 • 15min
Nvidia close to taking the market cap crown once again
Nvidia is flying high with a new all-time stock price, spurred by Micron's impressive earnings report that reassured investors in AI. Meanwhile, the USD is slipping amidst talk of a potential dovish Fed Chair nominee from Trump. Listeners also get insights into the anticipated earnings report from Nike and its implications for the market. Join in for a dynamic discussion on these trends and how they shape the financial landscape.

21 snips
Jun 25, 2025 • 12min
Nasdaq 100 Index hits all time high. Micron earnings tonight key.
The Nasdaq 100 index just hit an all-time high, signaling strong market sentiment. There's exciting buzz around Micron's upcoming earnings, which could shake things up in the AI sector. Meanwhile, AMD and Nvidia are gaining traction with promising upgrades. Coinbase is also riding a wave of growth amidst ongoing regulatory discussions. All this, plus insights into consumer sentiment and economic indicators, paint a dynamic picture of the tech landscape!

8 snips
Jun 24, 2025 • 14min
Crude oil and USDJPY whiplash. Tesla fans ignore shaky autonomous driving debut.
Geopolitical tensions ease as Iran's response to US actions lowers crude oil prices, boosting global risk sentiment. Tesla’s autonomous driving launch sparks mixed reactions, yet the stock soars despite some shaky reports. The podcast also dives into the complexities of the gold market, influenced by a weak dollar and inflation concerns. Additionally, NATO summit dynamics reveal Spain's cautious stance on military spending while the Fed's signals shape market movements.

20 snips
Jun 23, 2025 • 16min
Market quickly recovering from Operation Midnight Hammer
The podcast dives into the U.S. bombing of Iran's nuclear facilities and its limited impact on global markets. It discusses the resilience of crude oil prices amid geopolitical uncertainty and examines threats to shipping lanes. Key insights reveal potential disruptions in the Strait of Hormuz and their implications for oil and gold markets. Additionally, it touches on changing consumer behaviors and the pressures on currency performance, particularly in light of rising energy costs.

10 snips
Jun 20, 2025 • 24min
Yep: NOK, Wheat and Tesla in the same podcast.
The discussion kicks off with the geopolitical tensions between Iran and Israel and their effects on global energy markets. Insights into crude oil pricing and the risk premium are highlighted. The podcast then dives into the wheat market, addressing challenges faced during U.S. crop harvesting. There's a thoughtful analysis of gold's enduring value amid fluctuations and how upcoming economic indicators could affect market perception. Finally, listeners learn about Tesla's upcoming robo-taxi service and its potential impact on stock performance.

5 snips
Jun 19, 2025 • 13min
FOMC pumps USD. Stablecoin developments churn two superstar stocks.
The discussion kicks off with insights from the FOMC meeting, revealing concerns about stagflation and the rising strength of the US dollar. There's a dive into economic indicators, highlighting declining unemployment claims alongside geopolitical tensions in the Middle East. Things heat up as stablecoins surge, benefiting Coinbase while dragging down other big stocks. The impact of military strategies on global oil markets is also touched upon, showcasing the interconnectedness of finance and geopolitics.

7 snips
Jun 18, 2025 • 18min
Geopolitics and FOMC desperation to ditch the dot plot
Tensions rise as the Israel-Iran conflict hints at prolonged instability, risking global oil supplies. The discussion shifts to the Federal Reserve's confusing rate strategy and how market prices may not align with actual policy changes. Insights on the U.S. housing market reveal vulnerabilities amid high mortgage rates, while inflation trends are examined through the lens of central bank actions in the UK and Switzerland. As geopolitical challenges persist, the podcast also teases an upcoming Forex webinar.

12 snips
Jun 13, 2025 • 26min
Geopolitics derails risk sentiment, but for how long?
In this discussion featuring Ole Hansen, Saxo Head of Commodities Strategy, the duo dives into the repercussions of Israel's attacks on Iran, particularly on crude oil prices and global market reactions. They dissect how geopolitical tensions intertwine with U.S. labor market trends, amplifying investor uncertainty. Hansen also sheds light on key upcoming macro events and the impact of rising energy costs on central bank policies. Expect insights into commodities, cryptocurrencies, and the shifting dynamics of the Japanese yen amid these turbulent times.

10 snips
Jun 12, 2025 • 16min
Bearish conviction rising again. Can the Fed cut as early as July?
The conversation takes a bearish turn as trade policy issues heighten concerns about the U.S. economy. The market reflects anxiety over tariff talks, impacting equities. There's buzzing speculation about potential early cuts from the Federal Reserve. The U.S. dollar shows weakness against the euro and Japanese yen, raising questions about market stability. Oracle's impressive earnings also make a splash, influencing investor sentiment. Join in for insights on these pivotal trends shaping the financial landscape.