Investors need to take a good, long look at where they want to park their money while the China-US trade war plays out against an already weak macroeconomic backdrop. Among the many questions contained in this analysis is one very simply one: what are the risks involved with your base currency?
Althea Spinozzi joined Saxo Bank in 2017, and serves as Fixed Income Specialist. Althea produces Fixed Income research and works directly with clients in order to help them select and trade bonds. Because of her background in leveraged debt, she is particularly focussed on high yield and corporate bonds with attractive risk and return.
She is a regular contributor of fixed income analysis to Saxo bank’s News & Research hub where she outlined her view of bond market trends across the developed and emerging market spaces, as well as in investment grade and high-yield bonds.
Christopher Dembik joined Saxo Bank in 2014 and has been the Head of Macro Analysis since 2016. He focuses on delivering analysis of monetary policies and macroeconomic developments globally as defined by fundamentals, market sentiment and technical analysis.
Dembik won in 2015 the Thomson Reuters StarMine Awards for the best macroeconomic forecasts for France. He is also the author of “The Greatest Contemporary Economic Debates” published in 2016 and has a new book coming out in 2017 on virtual currencies. Dembik writes Saxo Bank’s Monthly Macro Outlook, which has a strong focus on monetary policies. He regularly publishes outlooks on the French and Polish economies. He also often quoted in the news media such as Bloomberg, TF1 and Newsweek.
Between Trump tweets and Chinese whispers via state-controlled media, it can be difficult to pinpoint precisely where things stand in the ongoing battle between the world’s two economic superpowers. Christopher Dembik says the CNYUSD rate is the best proxy we have. Here’s why.
Eleanor Creagh joined Saxo Bank in 2018 and serves as the bank’s Australian Market Strategist, responsible for creating, implementing, and monitoring equity strategies and research for traders and investors, as well as developing quantitative models and customised mathematical frameworks for institutional clients.
Eleanor Creagh joined Saxo Bank in 2018, and will be working out of the Bank’s Australian hub in Sydney. In her role as Australia Market Strategist, she will be supporting Saxo’s expert Global Sales Trading team with trading ideas and financial market insights, while helping local traders and investors find signals amid market noise.
Before joining Saxo Bank, Eleanor held senior positions at JB Markets, Knowledgebank IQ, and Sapient Financial Solutions.
Eleanor holds a double major in Finance and Economics from the University of Sydney, and a Bachelor’s degree in Veterinary Medicine
from the Royal Veterinary College, University College London.
John Hardy joined Saxo Bank in 2002 and has been Head of FX Strategy since October 2007. He focuses on delivering strategies and analyses in the currency market as defined by fundamentals, changes in macroeconomic themes, and technical developments.
Hardy has won several accolades for his work and was named the most successful 12-month forecaster for 2015 among over 30 of FX Week’s regular contributors. His forex market column is often quoted and he is a regular guest and commentator on television, including CNBC and Bloomberg.
Risk sentiment has managed to maintain an even keel on the latest US-China trade news and through today’s US economic data. This has seen a broadly firm US dollar, together with firmness in oil-related currencies like NOK and CAD. On the weak side, GBP and AUD continue to suck wind.
Kay Van-Petersen joined Saxo Bank in 2014 as a Global Macro Strategist, based in Singapore. He focuses on delivering strategies and analyses across asset classes based on monetary & fiscal policies, global geopolitical landscapes as well as other macroeconomic fundamentals. He also takes into account market sentiment, technical and momentum factors.
KVP has over a decade of experience in the financial markets, with the majority of those years spent as a trader & analyst across multiple strategies including: global macro, equity long/short, fundamental value, event-driven and special situations. He is the author of various multi-asset/strategy research products the weekly “Macro Mondays” calls and reports with a focus on tactical as well as strategic positioning. He also contributes to Saxo Bank’s Quarterly outlooks and other thematic investment pieces as well as making special situation ad hoc calls.
Saxo Head of APAC macro strategy Kay Van-Petersen looks at the agenda across asset classes for the week ahead, with a focus on the China-US trade war and what it means for investors' portfolios. Kay will be joined by his colleague Forrest Mao, from Saxo's China office, for a closer look at the key themes.
Ole Hansen joined Saxo Bank in 2008 and has been Head of Commodity Strategy since 2010. He focuses on delivering strategies and analyses of the global commodity markets defined by fundamentals, market sentiment and technical developments.
Hansen is the author of the Weekly Commodity Update, which sets out the moves in commodities, and also provides clients with commodity related trade views under the #SaxoStrats brand. He is a regular contributor to both broadcast and print media including CNBC, Bloomberg, Reuters, Wall Street Journal, Financial Times and the Telegraph.
Current very tight market conditions are keeping the risk to oil prices skewed to the upside, but this is a market with many moving and opposing parts and the picture could change very quickly. The next impulse could come from the EIA petroleum status report at 14:30 GMT.
Peter Garnry joined Saxo Bank in 2010 and is Head of Equity Strategy. In 2016, he became responsible for the quantitative strategies team, which focuses on how to apply computer models to financial markets. He develops trading strategies and analyses of the equity markets as well as individual company stocks applying statistics and models.
Garnry developed Saxo Bank’s Alpha Picks which is a monthly publication selecting the most attractive stocks across the US, Europe and Asia. He also contributes to the Saxo Bank Quarterly Outlooks and the annual Outrageous Predictions and is a regular commentator on television, including CNBC and Bloomberg TV.
It seems more and more likely that the world is in a state of "false stability” in the wake of forward guidance accommodation from central banks, most notably the Fed, and stimulus from China. Against this backdrop, a downwards trending KOSPI in South Korea, and Uber's inauspicious start, seem ominous developments.
Steen Jakobsen first joined Saxo Bank in 2000 and has served as both Chief Economist and Chief Investment Officer since 2009. He focuses on delivering asset allocation strategies and analysis of the overall macroeconomic and political landscape as defined by fundamentals, market sentiment and technical developments in the charts.
With more than 25 years of experience within the fields of trading and investment, Jakobsen is a highly renowned and respected Chief Economist, who regularly appears as a guest host on CNBC and Bloomberg News. Prior to joining Saxo Bank, he worked with Swiss Bank Corp, Citibank, Chase Manhattan and UBS. He also served as Global Head of Trading, FX and Options at Christiania (now Nordea).