USDJPY is facing bearish pressure, potential for more downside.

The Saxo Strats team fully expects 2021 to mark the beginning of the seventh - Q1 outlook 2021 In the past 227 years of recorded market prices, the world has witnessed a mere six commodity bull markets. The Saxo Strats team fully expects 2021 to mark the beginning of the...

The broad commodity rally that saw the Bloomberg Commodity Index rise by 10% during the last quarter to extend further into 2021 - Q1 outlook 2021We expect the broad commodity rally that saw the Bloomberg Commodity Index rise by 10% during the last quarter to extend further into 2021. This...

A Biden presidency with a divided Congress would be friendly to asset markets and help the US dollar lower - Q1 outlook 2021Markets decided after the 2020 US election result that a Biden presidency with a divided Congress would be friendly to asset markets and help the US dollar lower,...

Cryptocurrencies blasted through the last quarter of 2020, and the total crypto market capitalisation reached record highs - Q1 outlook 2021 Cryptocurrencies blasted through the last quarter of 2020, and the total crypto market capitalisation reached record highs. Bitcoin almost tripled in value over the quarter, followed by many of...

We will have much higher growth resulting from pent-up demand once most of the restrictions and the lockdowns have been materially lifted - Q1 outlook 2021Our first assumption for this year is that we will have much higher growth resulting from pent-up demand once most of the restrictions and the...

Last quarter provided a contested US election, yet the best monthly return in global equities since January 1975 with a 12.8% gain - Q1 outlook 2021Last quarter provided a lot of drama with a contested US election, the best monthly return in global equities since January 1975 with a 12.8%...

This year will prove challenging for bondholders as the negative real policy rate adopted by central banks has reduced downside tail risk on one side but squashed risk premia on the other - Q1 outlook 2021Bonds performed exceptionally well in 2020 as central banks and governments worldwide provided robust policy...

Inflation may not be visible in central banks' hedonic price indices but in reality it's a different story - Q1 outlook 2021Inflation may not be visible in central banks’ hedonic price indices but in reality it’s a different story. House prices, healthcare, education, childcare – anything you want or need...

Bitcoin and crypto currencies cold be winners in Q1 and for the balance of 2021 - Q1 outlook 2021China is the North Star of Asia The title for our Q2 Outlook last year was “China will be the first out of the global storm”. China was the first into the...