The Good, The Bad & The Safe Haven

On today’s episode of “The Macro Trading Floor,” Andreas and Alfonso discuss the top stories of the week from the Bank of England announcing emergency gilt market operations, recent volatility in currency markets & the Nord Stream gas leak. With so much happening in currencies as the US dollar continues marching higher, Alfonso & Andreas take the time to highlight the key indicators to look at in FX markets. Just how are indicators such as inflation, energy & interest rates effecting currencies around the world? Finally, Andreas and Alfonso highlight the good, bad & safe haven currencies with an actionable trade idea, but to hear that, you'll have to tune in! -- This episode is sponsored by Saxo Bank. Saxo Bank offers unparalleled market coverage across fiat, crypto and metals. Moreover, they provide free currency subaccounts and competitive interest rates on deposits in local currencies. Learn more at https://goto.saxo/macrofx -- Digital Asset Summit is crypto's most institutional conference. DAS is the only conference that truly combines the worlds of macro finance and crypto, with speakers like Stani Kulechov, Andrew Peel, Lisa Cameron, Jon Cheesman and Thomas Uhm. Visit https://blockworks.co/events/ and sign up for 20% off with code "MACRO." -- Follow Andreas: https://twitter.com/AndreasSteno Follow Alf: https://twitter.com/MacroAlf Follow Blockworks: https://twitter.com/Blockworks_ Subscribe To The Macro Compass: https://themacrocompass.substack.com/ Subscribe To Stenos Signals: https://andreassteno.substack.com/ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Referenced In The Show: Bank of England announces gilt market operation https://www.bankofengland.co.uk/news/2022/september/bank-of-england-announces-gilt-market-operation Bank of England launches £65bn move to calm markets https://www.ft.com/content/756e81d1-b2a6-4580-9054-206386353c4e Nord Stream gas leak continues to bubble in the Baltic Sea as EU diplomat suspects sabotage https://news.sky.com/video/nord-stream-gas-leak-continues-to-bubble-in-the-baltic-sea-as-eu-diplomat-suspects-sabotage-12706871 -- (00:00) Introduction (01:18) Bank of England Announces Gilt Market Operation (05:09) Risks In European Bond Markets (09:12) What Does This Mean For Markets? (12:15) Feature Interview With Andreas (13:22) The Bull Case For Risk Assets (19:31) What Options Do Central Banks Have? (24:38) Andreas' Actionable Trade Idea (29:17) Feature Interview With Alfonso (31:44) Geopolitical Risk In The Baltic Sea (37:01) The Strongest & Weakest Global Currencies (40:56) Alfonso’s Actionable Trade Ideas (43:13) Post Interview Final Thoughts -- Disclaimer: Nothing discussed on The Macro Trading Floor should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.