Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Chief Macro Strategist
Technical Analyst, Saxo Bank
ASX couldn’t stay above Bull/Bear pivot at around 7,257 and got hammered alle the way down below rising trend line taking out last week’s throughs confirming down trend. RSI back below 40 indicating further down side.
No strong support before around 6,960. Some support around 7,100.
In a violent move Wednesday and Thursday AUDUSD jumped to a few points from 0.382 retracement and back down again. Down trend is intact, AUDUSD is likely to test strong support around 0.6990
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
China Outlook: The choice between retaliation or de-escalation
Commodity Outlook: A bumpy road ahead calls for diversification