Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
Access both platforms from your single Saxo account.
Technical Update - Is the correction over in Gold, Silver and Copper?
Kim Cramer Larsson
Technical Analyst, Saxo Bank Group
Summary: Metals have been in a corrective phase for the past few weeks but after bouncing from key supports the correction could be over. Jury's still out however, and Strength Indicator on Gold and Silver still indicates lower levels. Copper looks the better of the of three
Today's Market Quick Take from the Saxo Strategy Team
Gold XAUUSD is testing the 0.382 retracement at 1,828 a few cents above support at around 1,825.
RSI is below 40 threshold i.e., in negative sentiment indicating lower levels.
Bollinger bands are expanding further adding to the bearish scenario.
Gold could drop to support at around 1,768 but needs to close below 1,825 to extend the correction.
100 and 200 MA’s will provide support.
If Gold crawls back above 1,870 it could be an indication the correction is over and Gold will resume to uptrend if moving back above 1,890.
Silver XAGUSD is dropping lower after breaking support at around 22. RSI is bearish indicating lower levels are likely, and a sell-off down to the 0.618 retracement and support around 20.55 could be seen. Minor support at 21.25 seems to hold for now
If Silver moves back above 22.60 it could get upside traction to 23.10 which is needed to move back above for Silver to resume uptrend.
Copper has dipped below 400 and seems to bounce above the 0.618 retracement of January strong bullish move at 395, and the lower rising trendline.
RSI is still bullish bouncing from the 40 threshold.
A close below 395 and RSI below 40 could fuel further selling down to 380-370.
For Copper to resume uptrend a close above 412 is needed.
Latest Market Insights
Quarterly Outlook
-
-
Quarterly Outlook
Commodity Outlook: Commodities rally despite global uncertainty
Ole Hansen
Head of Commodity Strategy
-
Quarterly Outlook
Upending the global order at blinding speed
John J. Hardy
Global Head of Macro Strategy
We are witnessing a once-in-a-lifetime shredding of the global order. As the new order takes shape, ... -
Quarterly Outlook
Asset allocation outlook: From Magnificent 7 to Magnificent 2,645—diversification matters, now more than ever
Jacob Falkencrone
Global Head of Investment Strategy
-
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
-
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