Energy Transition | AI | Shifting World Order, Mint Finance

Pranay Yadav

Energy Transition | AI | Shifting World Order

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Macroeconomics

<ul>
<li>FOMC decided to hold rates steady and their statement suggested that members were not expecting further rate hikes. </li>
<li>FOMC's economic projections suggest 3 rate cuts next year as well as a soft landing for the US economy, reaffirming market view.</li>
<li>Equities surge while dollar falls and bond-yields fall to multi-month low. Gold and Silver rally sharply. EUR and GBP rally but underperform relative to JPY and AUD. </li>
</ul>


FOMC decided to hold rates steady and their statement suggested that members were not expecting further rate hikes. 
FOMC's economic projections suggest 3 rate cuts next year as well as a soft landing for the US economy, reaffirming market view.
Equities surge while dollar falls and bond-yields fall to multi-month low. Gold and Silver rally sharply. EUR and GBP rally but underperform relative to JPY and AUD. 


Mint Macro Roundup: Powell Has Gifted Fed Pivot. Markets in Merry. What to Expect from ECB and BoE?

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

<ul>
<li>It’s central bank week once again, and that of course calls for us to share our thoughts ahead of the biggest meeting over the next week with Powell being the first to take the stage on Wednesday, expecting to hawk up the rhetoric a bit whilst keeping the Fed funds upper band steady at 5.5%.</li>
<li>The ECB has recently claimed the title as the most dovish central bank in G10 after markets have added roughly 20 bps of cuts in 2024 to market pricing, and markets now price in approx.</li>
<li>115 bps of cuts in 2024.</li>
</ul>


It’s central bank week once again, and that of course calls for us to share our thoughts ahead of the biggest meeting over the next week with Powell being the first to take the stage on Wednesday, expecting to hawk up the rhetoric a bit whilst keeping the Fed funds upper band steady at 5.5%.
The ECB has recently claimed the title as the most dovish central bank in G10 after markets have added roughly 20 bps of cuts in 2024 to market pricing, and markets now price in approx.
115 bps of cuts in 2024.


5 (+1) Central Banks We Watch – Fed, ECB, BoE, Norge’s Bank, BoJ & BCB

External broker reports(aggregated public sources), Scotiabank

Scotiabank

External broker reports(aggregated public sources)

Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America. Find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

FX & Rates

<ul>
<li>FX Market Update —The USD is trading lower ahead of the US CPI print at 8.30ET.</li>
<li>The USD rebound through early December may be peaking but soft inflation data will be needed to add to the softer tone that is developing as the DXY shows signs of topping out around the 104.20 area —the 38.2% Fibonacci retracement of the November drop in the index.</li>
<li>Trading overnight reflects a somewhat positive tone, adding to USD headwinds. Stocks are flattish in Europe but US equity futures are trading in the green.</li>
</ul>
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.


FX Market Update —The USD is trading lower ahead of the US CPI print at 8.30ET.
The USD rebound through early December may be peaking but soft inflation data will be needed to add to the softer tone that is developing as the DXY shows signs of topping out around the 104.20 area —the 38.2% Fibonacci retracement of the November drop in the index.
Trading overnight reflects a somewhat positive tone, adding to USD headwinds. Stocks are flattish in Europe but US equity futures are trading in the green.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Daily - USD Slips Ahead of CPI, CAD Underperforms

<ul><li>FX Market Update—The USD retains a firm undertone ahead of a busy week for markets—before markets start to slow down ahead of the holidays, in all likelihood.</li><li>US data this week includes CPI data tomorrow and Retail Sales data on Thursday and there is the small matter of the FOMC in between.</li><li>Policy decisions are also due from the ECB, BoE and Banxico this week. The USD is holding on to the gains that have accumulated through December so far—despite typically negative seasonal patterns for the USD running into the end of the year. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Market Update—The USD retains a firm undertone ahead of a busy week for markets—before markets start to slow down ahead of the holidays, in all likelihood.US data this week includes CPI data tomorrow and Retail Sales data on Thursday and there is the small matter of the FOMC in between.Policy decisions are also due from the ECB, BoE and Banxico this week. The USD is holding on to the gains that have accumulated through December so far—despite typically negative seasonal patterns for the USD running into the end of the year. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Daily - USD Remains Firm, GBP Outperforms

Cross Asset Strategy

<ul><li>Happy Sunday and welcome to our weekly flagship editorial from Steno Research.</li><li>It has been an incredibly odd week in the economic calendar and our thesis of a strong year-end for USD key figures has so far been proven right, which especially after the NFP report re-ignited the USD and front-end USD rates, which has been our bet against especially European peers.</li><li>Most recent economic key figures from the US have not surprised positively to the extent we saw through the autumn, while Chinese key figures have woken up and made a decent comeback relative to expectations over the past months.</li></ul>

Happy Sunday and welcome to our weekly flagship editorial from Steno Research.It has been an incredibly odd week in the economic calendar and our thesis of a strong year-end for USD key figures has so far been proven right, which especially after the NFP report re-ignited the USD and front-end USD rates, which has been our bet against especially European peers.Most recent economic key figures from the US have not surprised positively to the extent we saw through the autumn, while Chinese key figures have woken up and made a decent comeback relative to expectations over the past months.

Steno Signals #77 – Oil Demand Is ALL TIME HIGH

Japan

The Japanese yen is the official currency of Japan. 

Price Gauge
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JPY (USDJPY CURNCY)

Mint Macro Roundup: Powell Has Gifted Fed Pivot. Markets in Merry. What to Expect from ECB and BoE?

FOMC holds rates steady, signaling no further hikes. Economic projections hint at rate cuts and a soft landing for US economy. Equities rise,...

Mint Finance

5 (+1) Central Banks We Watch – Fed, ECB, BoE, Norge’s Bank, BoJ & BCB

It’s central bank week once again, and that of course calls for us to share our thoughts ahead of the biggest meeting over the next week with...

Steno Research

FX Daily - USD Slips Ahead of CPI, CAD Underperforms

The USD rebound through early December may be peaking but soft inflation data will be needed to add to the softer tone that is developing as the...

Scotiabank

FX Daily - USD Remains Firm, GBP Outperforms

FX Market Update—The USD retains a firm undertone ahead of a busy week for markets—before markets start to slow down ahead of the holidays, in all...

Scotiabank

Steno Signals #77 – Oil Demand Is ALL TIME HIGH

Happy Sunday and welcome to our weekly flagship editorial from Steno Research. It has been an incredibly odd week in the economic calendar and our...

Steno Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Mint Macro Roundup: Powell Has Gifted Fed Pivot. Markets in Merry. What to Expect from ECB and BoE?

​FOMC holds rates steady, signaling no further hikes. Economic projections hint at rate cuts and a soft landing for US economy. Equities rise,...

Mint Finance

5 (+1) Central Banks We Watch – Fed, ECB, BoE, Norge’s Bank, BoJ & BCB

It’s central bank week once again, and that of course calls for us to share our thoughts ahead of the biggest meeting over the next week with...

Steno Research

FX Daily - USD Slips Ahead of CPI, CAD Underperforms

The USD rebound through early December may be peaking but soft inflation data will be needed to add to the softer tone that is developing as the...

Scotiabank

FX Daily - USD Remains Firm, GBP Outperforms

FX Market Update—The USD retains a firm undertone ahead of a busy week for markets—before markets start to slow down ahead of the holidays, in all...

Scotiabank

Steno Signals #77 – Oil Demand Is ALL TIME HIGH

Happy Sunday and welcome to our weekly flagship editorial from Steno Research. It has been an incredibly odd week in the economic calendar and our...

Steno Research

FOMC holds rates steady, signaling no further hikes. Economic projections hint at rate cuts and a soft landing for US economy. Equities rise,...