Daily Morning Call
From the Floor: Why oil holds the key to equity futures — #SaxoStrats
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Today sees the FOMC up with a meeting and a near-certain rate hike, with investiors focusing on the statement and the dot plot forecast. Meanwhile, crude oil volatility remains elevated into today's EIA report, with the commodity serving as a key driver for stocks.
• NZDUSD rises by 0.4% in Asian session ahead of NZ GDP, FOMC
• NZDUSD rises by 0.4% in Asian session ahead of NZ GDP, FOMC
• US rate hike '100% priced in', traders await statement: Hardy
• Dutch election a key sentiment test for euro, but not more
• Equity markets 'dancing to the tune of crude prices': Garnry
• Breakout model goes long cocoa, short German bunds
• '2,350 is the key post-FOMC downside level in the S&P 500': Garnry
• EIA data 'make or break' for resurgent crude: Hansen
• Surveys point to 3m barrel rise, though some analysts are moving targets lower
• FOMC could be 'sell the rumour, buy the news': Fasdal