When Will This Energy Crisis End?

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 23 August 2022

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

U.S. equity indexes opened deep in the red and traded lower through the day, as investors price in “risk off” signals emerging everywhere from China to Germany and anticipate a big week of news from the Federal Reserve’s Jackson Hole Economic Symposium. As Weston Nakamura notes, today’s price action was foretold last Friday, when the Peoples Bank of China stepped in to defend the Chinese yuan. Prices of risk assets everywhere – including Bitcoin – began to retreat. Now we have more signs the European energy crisis is deepening, with natural gas prices surging on a new round of “maintenance” on the Nord Stream 1 pipeline that runs from Russia to Germany via the Baltic Sea. Weston joins Andreas Steno Larsen to talk about the seemingly rapid shift to a “risk off” tone, signals from the forex market, this energy crisis, and how to trade this kind of action. We also hear from Santiago Capital CEO Brent Johnson about the relationship between pegged and un-pegged currencies. Watch the full video featuring Francis "The Market Sniper" Hunt and Brent Johnson here: https://rvtv.io/3AeYC3F. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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1:23.0	Hi, guys, and welcome to the real vision daily briefing.
1:26.0	I'm Andreas Daniel from Real Vision, sending to you live the 22nd of August.
1:31.0	On another day of absolute mayhem in energy markets.
1:36.0	So in the light of that ongoing turbulence in energy markets, we've decided to ask the question today.
1:42.0	When will the energy crisis end?
1:45.0	And I have invited the global market senator from Real Vision, Western Nakamura, to join me for a discussion on that exact topic.
1:53.0	Western, it's good to see you again. Hi.
1:56.0	Great to see you, Andreas. How are you?
1:58.0	Good. I mean, we've basically got most of the energy importing world represented here today.
2:03.0	Western with Japan and Europe being in the same virtual room.
2:07.0	But before we get to that discussion on the energy crisis, let's just have a sort of brief top down assessment of the market moves we've seen across assets today.
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