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Squawk / 05 March 2018 at 16:01 GMTAmazing Post!
Editor’s Picks / 27 November 2015 at 13:13 GMT
UK to outspend US over the holidays: ING pollCNBCA new survey released by ING indicates that Britons are preparing to outspend their US counterparts this holiday season. According to the polls, the UK tops the 14-country "Christmas Spending League" with the average Brit planning to spend $440 this holiday season (the average American is looking to drop $382 on holiday-related purchases). According to ING's Martha McKenzie-Minifie, "the fact that Thanksgiving and the Black Friday sales are so close to Christmas could well contribute to the [result]". At the bottom of the league? Germany, Australia, Ialy, and Spain, where consumers are planning $200 worth of holiday shopping.Read article on CNBC
Squawk / 14 November 2015 at 8:32 GMTWeekly Trading Forecasts on Major Pairs (November 16 - 20, 2015)
Dominant bias: Bearish
EURUSD did not move upwards or downwards significantly last week, though the outlook remains bearish. Last week was the week in which the FX markets consolidated the most this year, with certain pairs and crosses not going up or down by 50 pips throughout the week. EURUSD simply vacillated between the support line at 1.0700 and the resistance line at 1.0800, but there might be a breakout this week, which would favor the current bearish outlook (although the consolidation could continue for some time).
Dominant bias: Bullish
Just like EURUSD, USDCHF moved in a tight range last week. Price moved between the great psychology level at 1.0000 and the resistance level at 1.0100. The ranging movement could keep on happening for some time, but a breakout would eventually happen, which would probably favor bulls,
Trade view / 23 June 2015 at 13:10 GMTStrategic trade
#SaxoStrats: Update on long Credit Agricole, short INGWe have hit the maximum holding period of 20 trading days and have therefore closed these positions. We book a loss of 1.9% (of gross exposure), as ING has outperformed CA.Read the Trade View
Trade view / 27 May 2015 at 8:47 GMTStrategic trade
#SaxoStrats: Long Credit Agricole, short INGING has outperformed Credit Agricole recently and is viewed more favourably by analysts. The spread, however, between these two equities has widened too much in our view, so we look to capture any mean reversion by buying Credit Agricole and selling short ING.Read the Trade View
Article / 17 June 2014 at 11:51 GMT
Match focus: Algerian economy to hammer Belgium in Saxo competitionThe Algerian economy is expected to grow above trend this year, more than enough to record a victory against the abysmal Belgian economy on a macro basis.Read the article