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 - EURUSD, USDJPY, GBPUSD & AUDUSD
Kim Cramer Larsson
Technical Analyst, Saxo Bank
Summary: EURUSD approaching key support at 1.0480
USDJPY reaching 0.382 retracement testing resistance area
GBPUSD trading around 200 Moving Average. Double top pattern still in play
AUDUSD Shoulder-Head- Shoulder pattern unfolding with further downside potential
Today's Market Quick Take from the Saxo Strategy Team
EURUSD is approaching the 0.382 retracement at 1.0461 and the support at around 1.0481. A bounce from here should be expected.
Trend is down, however supported by negative RSI suggesting there is further downside potential in EURUSD.
The 200 daily Moving Average could be tested in the very near future probably dipping down to key strong support at around 1.,0240.
To reverse the bearish trend a close above 1.0805 is needed.
USDJPY has reached the 0.382 retracement at 136.53 just below the 200 and the 100 daily Moving Average, and below the strong resistance at around 137.85.
A minor correction after the past couple of weeks uptrend should be expected. However, RSI indicates higher USDJPY levels.
If USDJPY breaks above 137.85 a move to strong resistance and 0.618 retracement at around 142.25 is in the cards.
To reverse the uptrend a close below 129.80 is needed
GBPUSD. Possible Double top pattern is still in play. A close below 1.1840 will confirm it with downside potential to 1.1241 and strong support at around 1.1143.
See previous Technical Update on GBPUSD: https://www.home.saxo/content/articles/forex/technical-analysis-eurusd-usdjpy-audusd-usd-index-17022023
AUDUSD Shoulder-Head-Shoulder pattern unfolding.
After breaking below Neckline AUDUSD could drop to support at around 0.6640. A close below could lead to further selling pressure.
For AUDUSD to reverse the bearish trend a close above 0.6920 is needed.
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 ...