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Saxo Bank

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finance1 year ago•8 min saved

Saxo Bank's Bold 2025 Predictions: Dollar Crash and Nvidia Surge

Saxo Bank has released its 2025 Outrageous Predictions, a series of speculative scenarios that could significantly impact global financial markets. These predictions, which are not official forecasts, include scenarios such as a Trump administration overhaul affecting the US dollar, Nvidia surpassing Apple in value, a massive Chinese economic stimulus, and the decline of OPEC due to electrification. Other predictions involve breakthroughs in biotechnology, a natural disaster impacting the insurance industry, and shifts in currency values post-Brexit. These predictions aim to provoke thought and prepare investors for unlikely but possible market shifts.

via Private Banker International|

#2025 #finance #financial-markets

finance3 years ago•3 min saved

Gold's Long-Term Bullish Outlook Unaffected by Selloff and Dollar Strength

The recent selloff in the gold market, which saw prices fall below $1,900 an ounce, does not change the long-term bullish outlook for the precious metal, according to Ole Hansen, head of commodity strategy at Saxo Bank. Despite the short-term weakness, Hansen believes that gold prices remain relatively strong and that the weakness in gold is expected given the Federal Reserve's tightening bias. He predicts incoming stagflation and maintains a patiently bullish view on gold, citing the fear of a soft-landing failure and the increasingly challenged US economic outlook as factors supporting gold as a safe-haven asset. Hansen suggests that gold prices could potentially test support at $1,800 in the near term, but there may be solid resistance between $1,840 and $1,850.

via Kitco NEWS|

#economic-outlook #federal-reserve #finance