Saxo’s Q3 2018 Quarterly Outlook

Discover the emerging trading themes set to shape the markets in the #SaxoStrats’ Q3 2018 Outlook.

Our expert strategists have come together to offer you unrivalled analysis, getting to the heart of economic forecasts, policy horizons, asset prices and more. This publication focuses on trade war; with relations between China and the US threatening to reach breaking point, a period of increased volatility is on the cards. But can opportunities be found amid the uncertainty?

Insights from the #SaxoStrats

Steen Jakobsen
Chief Economist & CIO
"Change only comes when needed… and that time is now."
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Anders Nysteen
Quantitative Analyst
"As times change, being protective and selective is critical."
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Peter Garnry
Head of Equity Strategy
"The battleground in Q2 will be that of fundamentals against the outlook."
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John J Hardy
Head of FX Strategy
"The USD is destined for pronounced weakness in purchasing power."
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Kay van Petersen
Global Macro Strategist
"Cross-market allocation is the best cure for recessions."
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Ole Hansen
Head of Commodity Strategy
"Investors will continue to see safety in gold."
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Jacob Pouncey
Cryptocurrency Analyst
"Investors are on the ready to latch onto any good news."
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Christopher Dembik
Head of Macro Analysis
"Warning signs of an imminent slowdown are popping up in the United States."
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Althea Spinozzi
Fixed Income Specialist
"We believe that Q2 will see intensifying signs of distress in the credit space."
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Download the Quarterly Outlook now to read our #SaxoStrats’ analysis in full, and discover what this quarter holds in store for macro, equities, forex, fixed income, commodities, cryptos and more.

What does ‘trade war’ really mean?

Contemporary trade policy – with its emphasis on free exchange – dates back to the 1930s, with the decades since then showing that world trade and global prosperity depend heavily on the elimination of barriers.

The rising tide of populism, however, has seen several major economies turn away from this consensus – most notably the US under President Trump.

As the trade war between the US and China intensifies, the #SaxoStrats believe that there are several methods and strategies by which investors can weather, and even profit from, the present storm. 

Nevertheless, the trade war is a worrying development and its combination of protectionism, isolationism and nationalism is likely to weigh on the financial markets for some time.

Download the Quarterly Outlook now and read the SaxoStrats’ views on the macro picture, as well as specific asset classes.