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CFDs and forex spot transactions are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor lose money when trading CFDs and/or forex spot with this provider. 0.42% of retail clients trading in leveraged products experience a negative account balance after a stop out occurred.
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CFDs and forex spot transactions are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor lose money when trading CFDs and/or forex spot with this provider. 0.42% of retail clients trading in leveraged products experience a negative account balance after a stop out occurred. You should consider whether you understand how CFDs, forex spot transactions or any of our other products work and whether you can afford to take high risk of losing your money.
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Market Update 17 May 2021

Macro Digest
Saxo Be Invested

Saxo Bank

Markets are off the extremes looking for direction. Will Risk off gain short to medium term traction or will the trend prevail?

Stimulus and the Feds balance sheet supports the latter while common sense – if existing in the markets – seem to support the former.

Indexes could recover off the Thursday Morning lows but for now lack the strength to reach new highs, the USD Index fell in line with 10 year rates but remains above the 90 support level.

17 ERS Indexes 1705

Chinese Retail Sales disappointed massively but did not have a huge impact on market sentiment.

Bitcoin sold off massively after Elon Musk announced. Tesla would no longer accept the crypto currency due to environmental concerns. It seems strange that he continues to announce this kind of market moving news via Twitter.

German Bunds trade at the highest level in 2 years at only -0.1%.

Next key event is the Japanese GDP during the night and the EU GDP tomorrow.

Quarterly Outlook

01 /

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    Upending the global order at blinding speed

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    We are witnessing a once-in-a-lifetime shredding of the global order. As the new order takes shape, ...
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  • Equity outlook: The high cost of global fragmentation for US portfolios

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    Equity outlook: The high cost of global fragmentation for US portfolios

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  • Asset allocation outlook: From Magnificent 7 to Magnificent 2,645—diversification matters, now more than ever

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  • Commodity Outlook: Commodities rally despite global uncertainty

    Quarterly Outlook

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    Head of Commodity Strategy

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  • Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?

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    Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?

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    Global Head of Macro Strategy

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  • Equity Outlook: The ride just got rougher

    Quarterly Outlook

    Equity Outlook: The ride just got rougher

    Charu Chanana

    Chief Investment Strategist

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  • China Outlook: The choice between retaliation or de-escalation

    Quarterly Outlook

    China Outlook: The choice between retaliation or de-escalation

    Charu Chanana

    Chief Investment Strategist

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  • Commodity Outlook: A bumpy road ahead calls for diversification

    Quarterly Outlook

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    Ole Hansen

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  • FX outlook: Tariffs drive USD strength, until...?

    Quarterly Outlook

    FX outlook: Tariffs drive USD strength, until...?

    John J. Hardy

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  • Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges

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    Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges

    Althea Spinozzi

    Head of Fixed Income Strategy

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Losses can exceed deposits on margin products. Please ensure you consult our Risk Warning before you start trading and you understand the risks.

All trading carries risk. Losses can exceed deposits on margin products. You should consider whether you understand how our products work and whether you can afford to take the high risk of losing your money. To help you understand the risks involved we have put together a general Risk Warning series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. The KIDs can be accessed within the trading platform. Please note that the full prospectus can be obtained free of charge from Saxo Bank (Switzerland) Ltd. or the issuer.

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