Morning Call Script - 21 May 2024
Overnight asset drivers & the impending data calendar
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What’s Moved Overnight
As expected, another tumbleweed APAC session
Nikkei 39050, CSI 3675, Crude $78.80, Brent $83.20, Gold $2415, XBT 71k, ETH 3655, EUR 1.0860, GBP 1.2710, AUD 0.6660, JPY 156.40, CNH 7.2435, 10s at 4.44%.
The fun has been in the crypto space as ETH explodes on the hope that ETF approval is suddenly just around the corner
Fidenza Macro - The odds of an ETH ETF just shot up
ZeroHedge - Cryptos Soar On Ether ETF Hope As Downbeat Dimon Sends Gold To Record-er Highs
Steno Research - Crypto Crisp: Crypto vs. Macro
Mary Daly told Axios that she sees no evidence suggesting a rate hike is needed
In other mkt news over night
Following on the heels of Broadbent's confirmation that a summer cut is "possible", we will hear from Gov Bailey this evening.
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Have a great day, and keep smiling!
Podcast for the Commute
Blind Squirrel Macro - Crop Gear! (Oh, Deere!)
The Day Ahead
CAD (13:30): Inflation Rate
Fed Speak - Barkin (14:00), Waller (14:00), Williams (14:05), Bostic (14:10) and Barr (14:45)
BoE's Bailey (18:00)
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