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
You can access all of our platforms from a single Saxo account.
Technical Update - Strong bounce in Hang Seng and China A50. Will they keep going higher?
Equities 3 minutes to read
Kim Cramer Larsson
Technical Analyst, Saxo Bank
Hang Seng Index jumped higher Friday after testing the (black) falling trendline from the upper side. Hang Seng could move to test strong resistance area at 17,682-18,164. However, weakness could set in earlier. RSI is still below 60 i.e., negative sentiment. It needs to close above 60 to switch to positive sentiment.
If Hang Seng slides back and closes the gap i.e., closes below 16,640 selling pressure is likely to accelerate. New down trend will be confirmed if Hang Seng closes below 15,945.
FTSE China A50 future has bounced strong establishing a short-term uptrend closing above key resistance at around 12,294. However, RSI still showing negative sentiment needs to close above 60 to reverse that. 0.382 retracement of the October selloff and 0.618 retracement of the July to October down trend are both around 12,600 which could prove to be a strong resistance area. The 55 daily SMA and the upper falling black trendline will also provide resistance.
If A50 drifts lower and closes below 11,729 the down trend will resume.
Latest Market Insights
Quarterly Outlook
-
-
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
-
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
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 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 ...