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 - Hang Seng, HK50 and China A50 still looking bearish
Equities 3 minutes to read
Kim Cramer Larsson
Technical Analyst, Saxo Bank
Hang Seng Index has for two days in a row broken above the resistance at around 18,562 but failed to close above. That is a sign of weakness and Hang Seng is likely to pick up bearish trend.
Even if the Index will manage to close above the resistance the upside potential seems limited. 55 daily Moving Average is coming down around 19K and the 100 Moving Average is declining currently around 19,300, and the upper falling trendline will also add to the resistance.
A close above 19,350 is needed for Hang Seng to turn bullish.
If the down trend is resuming Hang Seng is likely to slide lower to around 17K.
HK50 cfd formed 30th August and inverted hammer candle which is regarded as a top and reversal candle. The resistance at 18,672 seemed too strong for HK50 to close above thus building uptrend.
A close above 18,744 could fuel a short rally towards 19,000-19,100
Currently test minor support at around 18,226 HK50 seems set to resume downtrend. A move to 17,328 support is in the cards
China A50 future rebound could be short-lived . It requires a close above 13,116 to confirm an uptrend. Even if A50 succeeds in doing so there is strong resistance at around 13,500.
A50 could resume downtrend with another push towards strong support around 12,265
A50 could resume downtrend with another push towards strong support around 12,265
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 ...