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 - USDJPY, EURJPY, AUDJPY, GBPJPY and CHFJPY
Kim Cramer Larsson
Technical Analyst, Saxo Bank
Summary: USDJPY correction or continued uptrend?
EURJPY still range bound
AUDJPY broken key resistance, propelling higher
GBPJPY and CHFJPY still holding on above key supports
USDJPY has no strong resistance until its October 2022 peak at around 151.94. However, on the daily chart USDJPY seems to be forming a Rising Wedge like pattern. Combined with RSI divergence there are indications of a looming correction.
If USDJPY breaks below the lower rising trend line in the wedge a 0.618 correction to 146.45 is likely.
EURJPY still range bound between 156.60 and 159.75. Break out is needed for direction.
If RSI can get back above 60 threshold break out is likely to be to the upside. If that scenario plays out a move to 162.50-163 could be seen
The two vertical arrows indicate that if bullish break out EURJPY could move the same distance at the high-low distance of the range.
A close below 156.60 could fuel a sell-off down to 153 area as indicated by the declining arrow
AUDJPY After three failed attempts AUDJPY yesterday closed above key strong resistance at around 95.85. Following through today the cross is on course to test June peak at around 97.67 and the 2022 peak at around
For AUDJPY to demolish the bullish picture a close back below 95.85 is needed GBPJPY seems to be finding buyers above the key strong support at around 180.18. If the cross is being lifted back above 184.40 uptrend has resumed and a move to 186.75-188.80 is likely
First test is the 55 daily Moving Average.
A close below 180.18 will confirm a downtrend with down side potential to 176.25 CHFJPY support at around 161.80. Minor resistance at 163.90.
A close below 161.80 is likely to lead to a sell-off down to around 158.55. A close back above the 55 Moving Average CHFJPY is likely top resume uptrend with likely new highs above 166.58 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...