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 - Maersk uptrend fragile and could be demolished
Kim Cramer Larsson
Technical Analyst, Saxo Bank
Summary: Maersk trading lower after earnings. Investors seem split over direction of share price and the fragile uptrend is in jeopardy. Above 14,295 will confirm bullish outlook
Maersk B is volatile after earnings. After an initial sell-off the share price bounced off the 100 daily Moving Average.
RSI is still showing positive sentiment and with no divergence meaning an indication of Maersk is likely to be trading higher in coming weeks.
If RSI closes above its falling trendline and back above the 60 threshold there is strong indication that Maersk will take out July peak at 14,295.
Medium-term Maersk has established a fragile uptrend. It is not yet confirmed by RSI which is still showing negative sentiment. It needs to close above 60 to change that.
the 200 weekly Moving Average is acting as a resistance level but a close above 14,295 will further confirm an uptrend both short- and medium-term.
If Maersk slides back to close below 13,000 the uptrend is likely to be demolished.
Support at around 12,740.
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 ...