Update from our CEO
Founder and CEO
Summary: With the global pandemic and recovery efforts as the backdrop, the first six months of 2021 saw unprecedented market moves. Equity markets reached new all-time highs, while cryptocurrencies and speculative stocks stole the show. Now it is time to take stock, as we have been dedicating our efforts to inspire, educate and improve the Saxo experience. I am both thankful and humbled by the trust shown to us by you, our client, and remain optimistic about the coming six months.
What an incredible market performance in the first six months of 2021. Earlier this year, we saw unprecedented moves in global markets, both in the more speculative stocks and in cryptocurrencies. This happened amidst a global recovery from the pandemic as equity markets reached new all-time highs. I hope you as an investor had the opportunity to profit from this.
We are both thankful and humbled that more people than ever before become clients with Saxo Bank. During the first half of the year, we have put strong focus on providing our clients with inspirational and educational content, a better experience when using our platform and timely, relevant and unbiased access to products so you are empowered to make informed and optimal financial decisions.
I founded Saxo 29 years ago with the goal of breaking down the barriers to trading and investment for everyone. As a result, Saxo was one of the first financial institutions to develop online trading platforms that provided private investors with the same tools and market access as professional traders, large institutions, and fund managers.
Our vision is to enable you to fulfill your financial aspirations and make an impact. Against the current market volatility and uncertainty, it’s more important than ever to manage your risks properly. Navigating the markets and the volatility requires a steady pair of hands. We remain committed to support you in managing your risk with timely and relevant market research, inspiration and the tools you need to navigate the markets.
As we look forward, we remain fully dedicated to constantly improving our offering so you can take advantage of opportunities in the markets. Your input is very much appreciated to help us to do even better. I will be both proud and happy to prove why Saxo Bank deserves your trust.
We have many exciting products and features that we look forward to sharing with you in the near future. As many of our clients take vacation in the coming months, we wish you a wonderful summer and look forward to engaging with you again soon.
CEO and Founder, Saxo Bank
Latest Market Insights
Outrageous Predictions 2023: The War Economy
- The constantly growing global need for energy drives the world's richest to huddle up and launch a R&D project in a size the world hasn't seen since the Manhattan Project gave the US the first atomic bomb.
French President Macron resignsThe political stalemate in France and the rise of Marie Le Pen following the 2022 elections corners President Macron, forcing him to give up on politics and resign from his position. At least for now.
Gold rockets to USD 3,000 as central banks fail on inflation mandateAs markets and central banks realise that the idea that inflation is transitory is wrong, and that prices will remain higher for longer, gold is sent through the roof, hitting a price tag of USD 3,000
EU Army forces EU down path to full unionWith continued challenges in the region and a US military that isn't aggressively enacting its former role as global policeman, the European Union agrees to create its own armed forces, bringing the whole region closer.
A country agrees to ban all meat production by 2030In an effort to become one of the global leaders on the path to net-zero emissions, one country decides to not only put a heavy tax on meat, but to ban domestic production entirely.
UK holds UnBrexit referendumFollowing a recession and domestic pressure, the United Kingdom is thrown into political turmoil that will end with a vote to wind back Brexit.
Widespread price controls are introduced to cap official inflationHistory tells us that with the war economy comes rationing and price controls. And this time is no different, as policymakers introduce strict price controls that lead to a range of unintended consequences.
OPEC+ & Chindia walk out of the IMF, agree to trade with new reserve assetSanctions against Russia have caused widespread turmoil due to US Dollar moves in countries across the globe that don't consider the US an ally. To relieve themselves from this, they leave the IMF and create a new reserve asset.
USDJPY fixed to the USD at 200 as Japan overhauls financial systemFollowing the challenges that faced the Japanese Yen in 2022, the Bank of Japan attempts to keep the currency from sliding. Unsuccessful on the long-term, Japan will launch a reset of its entire financial system.
Tax haven ban kills private equityWith the war economy comes an increased focus on national interests and sovereign nations' ability to assert themselves. In that regard, the OECD countries turn their attention on tax havens and pull the big guns out, banning them altogether.