Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
Access both platforms from your single Saxo account.
Technical Update - Gold, Silver, Platinum, Palladium and Copper
Kim Cramer Larsson
Technical Analyst, Saxo Bank Group
Summary: Gold bouncing from 0.382 retracement resuming uptrend. Likely to move back above 2K
Silver and Copper still range bound and could be stuck for weeks
Platinum and Palladium collapse nearing exhaustion
Gold XAUUSD correction down to the 0.382 retracement and the 200 DMA
RSI still showing positive sentiment and divergence indicating Gold is likely to bounce back and move higher above October peak at around 2,010. Expect resistance at around the 0.618 retracement at 1,980 where a minor setback could be seen.
A break below 1,930 is likely to lead to a sell-off down to test the falling trendline possibly dipping down to test 1,900
Silver XAGUSD dipped down to the 0.618 retracement at 21.84 but managed to close back above support at around 22.15.
RSI is still showing positive sentiment but expect Silver to be range bound 22-23.50 for the foreseeable future. A close above 23.78 is needed for uptrend confirmation.
A close below 22.15 for down trend confirmation Platinum XPTUSD has been in a decline the entire 2023 getting close to support around 830-820. A bounce could be seen from here.
Short-term a bounce 890-900 could be seen but for Platinum to confirm an uptrend a close above 945 is needed Palladium collapse could be getting close to an end. The rare metal has been in decline for the better part of tow years and is close to the lows back in 2018 prior to the massive 2019-2021 bull market around 850-815.
Weekly RSI is at its lowest level since 2015 (blue horizontal line) suggesting the Palladium bear trend could be close to be exhausting
However, no bottom and reversal pattern and indication formed just yet Copper: Key strong support at around 354.50. Weekly chart is illustrating why this level is so important, a close below could lead to a sell-off down to around 325.
But despite several attempts sellers have not managed to close Copper below the support.
Copper could still be range bound 354.50 to 375 for quite some time. Copper needs to close above 382 to establish and confirm and uptrend
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
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: 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
The Saxo Bank Group entities each provide execution-only service and access to Analysis permitting a person to view and/or use content available on or via the website. This content is not intended to and does not change or expand on the execution-only service. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Saxo News & Research and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Saxo News & Research is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Saxo News & Research or as a result of the use of the Saxo News & Research. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. Saxo News & Research does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws.
Please read our disclaimers:
- Notification on Non-Independent Investment Research (https://www.home.saxo/legal/niird/notification)
- Full disclaimer (https://www.home.saxo/en-gb/legal/disclaimer/saxo-disclaimer)