Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
You can access both of our platforms from a single Saxo account.
Technical Update- AUDJPY, AUDUSD, AUDEUR, EURUSD, GBPUSD, USDJPY & USDCHF
Kim Cramer Larsson
Technical Analyst, Saxo Bank
AUDJPY: Correction with support at around 90.00 and 90.9. RSI still showing bullish sentiment with no divergence indicating the pair is likely to resume uptrend after a correction.
AUDUSD: The cluster of SMA’s were too strong to penetrate – see previous FX Technical Update. AUDUSD has resumed bearish trend and seems to find some support at around 0.6930. However, down trend seems strong and May lows at around 0.6830 is likely to be tested, after a likely minor rebound next couple of days. To reverse this scenario a move above 0.7285 is needed.
AUDEUR bullish break out of falling trend has been reversed and the pair is now trading below rising trend line. Support at around 0.6550 could be tested.
EURUSD: Got rejected at falling short term trend line a few pips below 1.08. When dropping below key support at 1.0625 bear trend resumed. RSI below 40. A minor rebound to around 1.05 should be expected.
May lows are likely to be tested and taken out.
EURUSD Bigger view: If taking out 1.0350 EURUSD which is quite likely the pair is set for a move towards 1.00.
GBPUSD has broken below May lows. Some minor rebound should be expected next couple of days. Key support is at around 1.21-1.2075. (weekly chart)
USDJPY looks short term toppish currently being rejected at the 1.764 projection of the May correction at 135. Divergence on RSI indicates price exhaustion and a set back down to around 130 is not unlikely. To extend the uptrend 135.20 needs to be taken out.
USDCHF rejected at 1.00 trying to regain strength for a possible new attempt. However, a set back from here in a corrective move down to around 0.98 is not unlikely before buyers are likely to regain control. If 1.00 is broken a move to around 1.0265 is in the cards.
Latest Market Insights
Quarterly Outlook
-
-
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
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 ... -
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
Commodity Outlook: Gold and silver continue to shine bright
Ole Hansen
Head of Commodity Strategy
-
Quarterly Outlook
FX: Risk-on currencies to surge against havens
Charu Chanana
Chief Investment Strategist
Explore the outlook for USD, AUD, NZD, and EM carry trades as risk-on currencies are set to outperfo... -
Quarterly Outlook
Equities: Are we blowing bubbles again
Peter Garnry
Chief Investment Strategist
Explore key trends and opportunities in European equities and electrification theme as market dynami... -
Quarterly Outlook
Macro: Sandcastle economics
Peter Garnry
Chief Investment Strategist
Explore the "two-lane economy," European equities, energy commodities, and the impact of US fiscal p... -
Quarterly Outlook
Bonds: What to do until inflation stabilises
Althea Spinozzi
Head of Fixed Income Strategy
Discover strategies for managing bonds as US and European yields remain rangebound due to uncertain ... -
Quarterly Outlook
Commodities: Energy and grains in focus as metals pause
Ole Hansen
Head of Commodity Strategy
Energy and grains to shine as metals pause. Discover key trends and market drivers for commodities i...
Disclaimer