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 - GBPUSD ripe for a correction. EURGBP breaking bullish?
Kim Cramer Larsson
Technical Analyst, Saxo Bank Group
Summary: GBPUSD close to test key support at 1.2344. A close below can lead to a sell-off. EURGBP breaking above falling trendline. A close above 0.8870 could pave the road towards 0.90
GBPUSD Support at around 1.2344 is key. A close below is likely to lead to a sell-off down to 1.2175 possibly dipping down to the 0.618 retracement at around 1.2087.
55 and 100 Moving Averages will provide some support just above the 1.2175 support.
RSI still positive but with divergence on the peak last week. GBPUSD seems ripe for a correction.
If GBPUSD can find Bids and close above 1.2547 uptrend is set to be extended to 1.2667 level.
However, from the weekly chart GBPUSD has so far failed to close above resistance at around 1.2446 and could be in the process of forming a top and reversal pattern – a possible Evening Doji candle formation. A bearish end to the week is needed for that to unfold.
EURGBP is at the time of writing breaking above short-term falling trendline. A close above minor resistance at around 0.8870 could lead to a rally to previous peaks and resistance at around 0.8990-0.90.
If EURGBP closes above 0.8870 it would also have closed above the Cloud and RSI above 60 indicating likely higher EURGBP levels.
But if EURGBP slides back to close below 0.8790 support at around 0.8720 is likely top be tested once again
Medium-term if EURGBP closes above 0.90 a move towards 0.92 would be in the cards.
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