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17 December 2009

Saxo Bank Releases 'Outrageous Claims' for 2010

Andrew Arnold, Trading Floor Editor

Saxo Bank has today released its annual "Outrageous Claims", this year predicting devaluation of the CNY, the emergence of a third political party in the US, a massive fall in the price of sugar, a positive US trade balance for the first time since the 1975 oil crisis, and that the US Social Security Trust Fund will go bust.

08 December 2009

New trading opportunity – CFD on Carbon Emissions (CO2)

Andrew Arnold, Trading Floor Editor

Saxo Bank has launched a CFD product based on the price of ECX EUA Carbon Emissions. “This will provide investors with increased transparency into the cost and price of carbon emissions. The cost of carbon emissions has been very strongly related to energy prices such as oil, natural gas and coal,” said Claus Nielsen, Head of Markets, Saxo Bank.

05 November 2009

Buenos Dias to Trading Floor’s Spanish site

Trading Floor has been joined by a Spanish language sister site www.SaladeInversion.es. SaladeInversion has been created to provide investors in Spain and Latin America with quality content from financial analysts, opinion leaders and leading media. It is an easy way for investors to stay updated with trading tips and charts to help find appropriate strategies. It also offers a constantly updated news channel from leading media providers and brokers.

01 October 2009

Q4 Outlook: Recession on hold but for how long?

John J. Hardy, FX Consultant, Saxo Bank

In our Q3 FX Outlook, we envisioned a macroeconomic scenario in which markets dove back into risk aversion mode as we felt hopes for a recovery would prove premature. Clearly this was not the case, as risk appetite remained very robust instead - punishing the USD and supporting especially the growth-sensitive commodity currencies. The recovery story has moved far enough along that the market is pricing in interest rate hikes in Q4 for the most confident central banks.

06 August 2009

US Q2 GDP - confirmation of ‘The Great Recession’

Mads Koefoed, Macro Strategist, Saxo Bank

The US economy as measured by the GDP declined significantly less in the second quarter (-1.0% QoQ SAAR) compared to the first. The improvement, however, was primarily due to revisions, net exports, and Government spending. The illusion that we will quickly return to the GDP level of 2007 is simply that, an illusion!