Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Global Head of Macro Strategy
You can access both of our platforms from a single Saxo account.
Technical Update - Mixed Technical picture in European Equities
Kim Cramer Larsson
Technical Analyst, Saxo Bank
DAX closed Monday above peak of the Doji Evening Star like pattern thereby cancelling it confirming uptrend. However, it is an uptrend with minor divergence on RSI (RSI peak Monday is slightly lower than 30th May peak) indicating weakening of the uptrend. That means it can be a bit of a struggle for DAX to reach strong key resistance at 14,952.
If DAX closes below 14,329 the uptrend is likely to be reversed.
EuroStoxx50 seems to find overhead resistance at around 3,3,857. If the Index cannot close above selling could resume. A daily close below 3,755 is likely to reverse the short-term uptrend scenario
CAC40 struggle to maintain upside momentum with resistance at around 6,582. CAC40 needs to close above for further upside. However, RSI still showing negativ4e sentiment indicating the short-term uptrend is exhausting. Look out for RSI rising trend line. A break below could be early warning sellers regain control. A close below 6,414 will confirm that picture.
AEX seems to be short term range bound between 700 and 720. Breakout is needed for direction. RSI is showing negative sentiment indicating break out is likely to be to the downside
BEL20 trading below falling trend line which the Index needs to close above for upside potential. A close above 3,986 will confirm current downtrend has reversed. Resistance at 4,031. A close below 3,837 the down trend will resume. Key support around 3,758.
Latest Market Insights
Quarterly Outlook
-
-
Quarterly Outlook
Equity Outlook: The ride just got rougher
Charu Chanana
Chief Investment Strategist
-
Quarterly Outlook
China Outlook: The choice between retaliation or de-escalation
Charu Chanana
Chief Investment Strategist
-
Quarterly Outlook
Commodity Outlook: A bumpy road ahead calls for diversification
Ole Hansen
Head of Commodity Strategy
-
Quarterly Outlook
FX outlook: Tariffs drive USD strength, until...?
John J. Hardy
Global Head of Macro Strategy
-
Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
-
Quarterly Outlook
Equity Outlook: Will lower rates lift all boats in equities?
Peter Garnry
Chief Investment Strategist
After a period of historically high equity index concentration driven by the 'Magnificent Seven' sto... -
Quarterly Outlook
Commodity Outlook: Gold and silver continue to shine bright
Ole Hansen
Head of Commodity Strategy
-
Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
The Fed started the US rate cut cycle in Q3 and in this macro outlook we will explore how the rate c... -
Quarterly Outlook
FX Outlook: USD in limbo amid political and policy jitters
Charu Chanana
Chief Investment Strategist
As we enter the final quarter of 2024, currency markets are set for heightened turbulence due to US ...