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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Welcome to our Quarterly Outlook for Q3 2019

Quarterly Outlook is your guide and your resource for understanding how events could unfold for the current quarter. Saxo’s strategy team deliver expert opinion and carefully constructed trade views to help you execute your trading strategies.

Authors:  Steen Jakobsen, Christopher Dembik, Peter Garnry, Kay Van-Petersen, John Hardy and Ole Hansen

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Latest news from #SaxoStrats

    COMMODITIES

    WCU: Gold reigns as global bond yield collapse continues

    Ole Hansen
    Global growth concerns and ample supply of key commodities have been the main drivers behind the weakness seen across the sector so far this quarter. Precious metals remain the exception with gold responding strongly to the ongoing collapse in global bond yields.
    FOREX

    FX Update: Trade tensions still driving the narrative

    John Hardy
    Even with threats that China is set to announce retaliatory measures, the market is trying to maintain calm, hoping a Trump-Xi call will help. Still our measures of Global risk suggest strains are near their recent worst levels for the cycle. EURUSD has reached pivotal level near 1.1100.
    COMMODITIES

    Commodity Update

    Ole Hansen
    In this monthly update we take a closer look at the developments driving gold higher, copper back on the defensive and the pump and dump behavior in crude oil.
    MACRO

    More on the yield curve inversion, recession risk and market path from here

    Steen Jakobsen
    The important US yield curve inversions actually started months ago, not yesterday. Yield curve inversions point to a rising recession risk and the related risk of ugly market outcomes.
    Read More

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