www.home.saxo Open in urlscan Pro
104.96.141.195  Public Scan

Submitted URL: http://goto.saxo/QO
Effective URL: https://www.home.saxo/insights/news-and-research/thought-leadership/quarterly-outlook
Submission: On September 06 via manual from IN — Scanned from DE

Form analysis 1 forms found in the DOM

Name: searchInputGET /search-results/?category=all

<form role="search" name="searchInput" class="navigation__search-input navigation__search-input--dark" action="/search-results/?category=all" method="get" id="search-form">
  <div class="navigation__search-wrapper"><label for="q" class="v2-hidden-visually">Search on home.saxo</label> <input data-ref="navigation__searchFormInput" data-validation-message="Search query should not be empty" type="text" name="q"
      placeholder="Search on home.saxo" autocomplete="off" data-min-chars="3" required="" oninvalid="this.setCustomValidity('Search query should not be empty')" oninput="setCustomValidity('')"> <span class="v2-search-erase__icon v2-hidden"
      data-ref="navigation__eraseIcon"> <svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 16 16" fill="none">
        <path
          d="M13.6591 2.34333C10.5351 -0.778001 5.47239 -0.775335 2.35105 2.34867C-0.77028 5.47267 -0.767614 10.5353 2.35639 13.6567C5.47839 16.776 10.5371 16.776 13.6591 13.6567C16.7777 10.5307 16.7777 5.46933 13.6591 2.34333ZM11.1397 10.186C11.3857 10.46 11.3631 10.8813 11.0891 11.1273C10.8364 11.354 10.4537 11.3547 10.2004 11.1293L8.12705 9.056C8.06172 8.99133 7.95639 8.99133 7.89105 9.056L5.81839 11.1293C5.55505 11.3833 5.13839 11.3833 4.87505 11.1293C4.61439 10.8693 4.61439 10.4473 4.87439 10.1867L4.87505 10.186L6.94839 8.11333C7.01305 8.04867 7.01372 7.94333 6.94905 7.87867L6.94839 7.878L4.87505 5.80467C4.62705 5.532 4.64705 5.11067 4.91972 4.86267C5.17305 4.632 5.56039 4.63133 5.81505 4.86133L7.88772 6.93467C7.95305 7 8.05839 7 8.12372 6.93467L10.1971 4.86133C10.4577 4.60133 10.8797 4.60133 11.1397 4.862C11.3997 5.12267 11.3997 5.54467 11.1397 5.80467L9.06639 7.878C9.00172 7.94333 9.00172 8.048 9.06639 8.11333L11.1397 10.186Z"
          fill="#909aa8"></path>
      </svg> </span> <button class="v2-search-input__icon" type="submit" form="search-form"> <span class="v2-hidden-visually">search.accessibility.search</span> <svg width="18" height="18" viewBox="0 0 18 18" fill="none"
        xmlns="http://www.w3.org/2000/svg">
        <path d="M11.9473 11.9474L16.9999 17" stroke="#031329" stroke-width="2" stroke-miterlimit="10" stroke-linecap="round" stroke-linejoin="round"></path>
        <path d="M7.31579 13.6316C10.8039 13.6316 13.6316 10.8039 13.6316 7.31579C13.6316 3.82768 10.8039 1 7.31579 1C3.82768 1 1 3.82768 1 7.31579C1 10.8039 3.82768 13.6316 7.31579 13.6316Z" stroke="#031329" stroke-width="2" stroke-miterlimit="10"
          stroke-linecap="round" stroke-linejoin="round"></path>
      </svg> </button></div>
</form>

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COOKIE POLICY

This website uses cookies to offer you a better browsing experience by enabling,
optimising and analysing site operations, as well as to provide personalised ad
content and allow you to connect to social media. By choosing Allow, you consent
to the use of cookies and the related processing of personal data. You can
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Necessary 176

Necessary cookies power the website. Without them, basic functions – like
navigating between pages or logging on to your account – won’t work. 
Adobe Inc.
6
Learn more about this provider
com.adobe.reactor.dataElements.geoCookie [x4]Pending
Expiry: SessionType: HTML
test [x2]Used to detect if the visitor has accepted the marketing category in
the cookie banner. This cookie is necessary for GDPR-compliance of the website.
Expiry: SessionType: HTTP
Baidu
3
Learn more about this provider
Hm_ck_# [x3]Pending
Expiry: SessionType: HTTP
Cookiebot
11
Learn more about this provider
CookieConsent [x11]Stores the user's cookie consent state for the current domain
Expiry: 1 yearType: HTTP
Deezer
4
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_abckUsed to detect and defend against replay-cookie-attacks – The cookie is
necessary for the security and integrity of the website.
Expiry: 1 yearType: HTTP
bm_szUsed in context with the website's BotManager. The BotManager detects,
categorizes and compiles reports on potential bots trying to access the website.
Expiry: 1 dayType: HTTP
dzr_uniq_idRequired for the embedded media player to operate.
Expiry: 179 daysType: HTTP
tokenEnsures visitor browsing-security by preventing cross-site request forgery.
This cookie is essential for the security of the website and visitor.
Expiry: SessionType: HTTP
Google
1
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test_cookieUsed to check if the user's browser supports cookies.
Expiry: 1 dayType: HTTP
LinkedIn
1
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li_gcStores the user's cookie consent state for the current domain
Expiry: 2 yearsType: HTTP
Saxo Bank A/S
4
Learn more about this provider
akaas_as_enAkamai cookie for Sitecore segmentation
Expiry: SessionType: HTTP
AWSALBRegisters which server-cluster is serving the visitor. This is used in
context with load balancing, in order to optimize user experience.
Expiry: 6 daysType: HTTP
AWSALBCORSRegisters which server-cluster is serving the visitor. This is used in
context with load balancing, in order to optimize user experience.
Expiry: 6 daysType: HTTP
ci_sessionPreserves users states across page requests.
Expiry: 1 dayType: HTTP
assets.adobedtm.com
scenarios.home.saxo

32
com.adobe.reactor.core.visitorTracking.cookiesMigrated [x5]Used in context with
the cache-function on the website, facilitating data transfer between Adobe DTM
onto Adobe Launch.
Expiry: PersistentType: HTML
com.adobe.reactor.dataElementCookiesMigrated [x9]Used in context with the
cache-function on the website, facilitating data transfer between Adobe DTM onto
Adobe Launch.
Expiry: PersistentType: HTML
com.adobe.reactor.dataElements.cookieConsentRequired [x5]Pending
Expiry: PersistentType: HTML
TEST_AMCV_COOKIE_WRITE [x3]Determines whether the user has accepted the cookie
consent box.
Expiry: SessionType: HTTP
com.adobe.reactor.dataElements.cookieConsentAccepted [x5]Pending
Expiry: PersistentType: HTML
com.adobe.reactor.dataElements.cookieConsentDeclined [x5]Pending
Expiry: PersistentType: HTML
assets.adobedtm.com
www.home.saxo

3
at_check [x3]This cookie determines whether the browser accepts cookies.
Expiry: SessionType: HTTP
cn.saxobank.com
assets.adobedtm.com
cn1.saxobank.com
scenarios.home.saxo

5
com.adobe.reactor.dataElements.cookieConsentChanged [x5]Pending
Expiry: PersistentType: HTML
cn.saxobank.com
www.bgsaxo.it
cn1.saxobank.com

3
akaas_as_china [x3]Pending
Expiry: SessionType: HTTP
cn.saxobank.com
www.bgsaxo.it
www.home.saxo
cn1.saxobank.com

4
sb_prevwebsites [x4]Pending
Expiry: SessionType: HTTP
cn.saxobank.com
www.home.saxo
www.bgsaxo.it
cn1.saxobank.com

8
akaas_as_scmhk [x4]Pending
Expiry: SessionType: HTTP
akaas_as_scmsg [x4]Pending
Expiry: SessionType: HTTP
deezer.com
c.seznam.cz

2
sid [x2]Preserves users states across page requests.
Expiry: SessionType: HTTP
deezer.com
investor.help.saxo
helpcn.saxobank.com

3
ak_bmsc [x3]This cookie is used to distinguish between humans and bots. This is
beneficial for the website, in order to make valid reports on the use of their
website.
Expiry: 1 dayType: HTTP
investor.help.saxo
helpcn.saxobank.com

2
bm_sv [x2]Used in context with the website's BotManager. The BotManager detects,
categorizes and compiles reports on potential bots trying to access the website.
Expiry: 1 dayType: HTTP
play.google.com
youtube-nocookie.com

2
CONSENT [x2]Used to detect if the visitor has accepted the marketing category in
the cookie banner. This cookie is necessary for GDPR-compliance of the website.
Expiry: 2 yearsType: HTTP
s.go-mpulse.net
8
_boomr_akamaiXhrRetry [x4]Collects information on user preferences and/or
interaction with web-campaign content - This is used on CRM-campaign-platform
used by website owners for promoting events or products.
Expiry: PersistentType: HTML
RT [x4]This cookie is used to identify the visitor through an application. This
allows the visitor to login to a website through their LinkedIn application for
example.
Expiry: 6 daysType: HTTP
saxobank.23video.com
video.home.saxo
video.saxobank.com

3
SESS# [x3]Preserves users states across page requests.
Expiry: SessionType: HTTP
static.zdassets.com
openapi.help.saxo

5
__cfruid [x5]This cookie is a part of the services provided by Cloudflare -
Including load-balancing, deliverance of website content and serving DNS
connection for website operators.
Expiry: SessionType: HTTP
www.bgsaxo.it
assets.adobedtm.com
scenarios.home.saxo
cn1.saxobank.com

4
adobeujs-optin [x4]Determines whether the user has accepted the cookie consent
box.
Expiry: 1 yearType: HTTP
www.bgsaxo.it
cn.saxobank.com
www.home.saxo
cn1.saxobank.com

36
5000 [x4]Pending
Expiry: 5978 daysType: HTTP
iit_ak_cmpidpresent [x4]Pending
Expiry: SessionType: HTTP
iit_ak_devicetype [x4]Pending
Expiry: 5978 daysType: HTTP
iit_ak_geo [x4]Pending
Expiry: 5978 daysType: HTTP
iit_ak_isaffiliate [x4]Pending
Expiry: 5978 daysType: HTTP
iit_ak_netprops [x4]Pending
Expiry: 5978 daysType: HTTP
sto-id-V4_ENT_DMZ_DCF_80 [x4]Pending
Expiry: SessionType: HTTP
sto-id-V4_ENT_DMZ_HOME.SAXO [x4]Pending
Expiry: SessionType: HTTP
TransactionId [x4]Pending
Expiry: PersistentType: HTML
www.help.saxo
helpcn.saxobank.com
investor.help.saxo
openapi.help.saxo

8
__cf_bm [x4]This cookie is used to distinguish between humans and bots. This is
beneficial for the website, in order to make valid reports on the use of their
website.
Expiry: 1 dayType: HTTP
_help_center_session [x4]Preserves users states across page requests.
Expiry: SessionType: HTTP
www.home.saxo
saxobank.com

2
AKA_A2 [x2]This cookie is necessary for the cache function. A cache is used by
the website to optimize the response time between the visitor and the website.
The cache is usually stored on the visitor’s browser.
Expiry: 1 dayType: HTTP
www.home.saxo
www.bgsaxo.it
cn.saxobank.com
cn1.saxobank.com

16
akaas_as_japan [x4]Pending
Expiry: SessionType: HTTP
akaas_as_nordic [x4]Akamai cookie for Sitecore segmentation
Expiry: SessionType: HTTP
akaas_as_saxoas [x4]Pending
Expiry: SessionType: HTTP
akaas_as_scmgb [x4]Akamai cookie for Sitecore segmentation
Expiry: SessionType: HTTP
Preferences 15

Preference cookies remember how you want the site to look and work, including
your preferred language and region. When you return to the site with these
cookies enabled, we can deliver a more personalised experience. 
Alibaba.com
3
Learn more about this provider
yt/youkuplayer.fdl.playerckeyThis cookie is used in conjunction with the video
player. The cookie remembers if the user has muted the volume and keeps this
setting on other video content watched by the visitor.
Expiry: SessionType: Pixel
yt/youkuplayer.fdl.ykplayer_processThis cookie is used in conjunction with the
video player. The cookie remembers if the user has muted the volume and keeps
this setting on other video content watched by the visitor.
Expiry: SessionType: Pixel
yt.gifThis cookie is used in conjunction with the video player. The cookie
remembers if the user has muted the volume and keeps this setting on other video
content watched by the visitor.
Expiry: SessionType: Pixel
Cookiebot
1
Learn more about this provider
CookieConsentBulkSetting-#Enables cookie consent across multiple websites
Expiry: PersistentType: HTML
LinkedIn
2
Learn more about this provider
lang [x2]Remembers the user's selected language version of a website
Expiry: SessionType: HTTP
Saxo Bank A/S
1
Learn more about this provider
i18nextLngDetermines the preferred language of the visitor. Allows the website
to set the preferred language upon the visitor's re-entry.
Expiry: PersistentType: HTML
Youku.com
1
Learn more about this provider
YK_PSL_SETTINGSUsed to save information about the visitor's video settings.
Expiry: PersistentType: HTML
cn.saxobank.com
www.home.saxo
cn1.saxobank.com

3
a/n (54) [x3]Pending
Expiry: SessionType: HTTP
www.bgsaxo.it
cn.saxobank.com
www.home.saxo
cn1.saxobank.com

4
dcf_# [x4]Pending
Expiry: SessionType: HTTP
Statistics 122

Statistic cookies keep an anonymised record of how users interact with the site.
This helps us improve your experience.
Adobe Inc.
2
Learn more about this provider
dextpThis cookie is set by the audience manager of the website to determine the
time and frequencies of visitor data synchronization - cookie data
synchronization is used to synchronize and gather visitor data from several
websites.
Expiry: 179 daysType: HTTP
com.adobe.reactor.dataElements.decibelSessionIdPending
Expiry: SessionType: HTML
Alibaba.com
1
Learn more about this provider
scaPending
Expiry: SessionType: HTTP
Decibel Insight
10
Learn more about this provider
da_lid [x2]Registers statistical data on users' behaviour on the website. Used
for internal analytics by the website operator.
Expiry: 1 yearType: HTTP
da_sid [x2]Registers statistical data on users' behaviour on the website. Used
for internal analytics by the website operator.
Expiry: 1 dayType: HTTP
_da_da_sessionIdThese cookies are used to collect information about how people
use the website. This allows us to make sure the website meets your needs, and
helps us understand what we could improve.
Expiry: SessionType: HTML
da_intStatePending
Expiry: 1 dayType: HTTP
di_last_session_timePending
Expiry: SessionType: HTML
di_page_counterPending
Expiry: SessionType: HTML
di_tab_activeDecibel Insights information
Expiry: SessionType: HTML
di_tab_hashDecibel Insights information
Expiry: SessionType: HTML
LinkedIn
1
Learn more about this provider
AnalyticsSyncHistoryUsed in connection with data-synchronization with
third-party analysis service.
Expiry: 29 daysType: HTTP
Saxo Bank A/S
5
Learn more about this provider
com.adobe.reactor.dataElements.trackingCodePending
Expiry: PersistentType: HTML
iit_seg_aam_wpPending
Expiry: 1 dayType: HTTP
iit_seg_wpPending
Expiry: 27894 daysType: HTTP
privatesaxo#langHome.saxo / Sitecore language selector for multilang sites
Expiry: SessionType: HTTP
sb_prevextcampaignsPending
Expiry: SessionType: HTTP
Taobao.com
1
Learn more about this provider
x5secdataRegisters statistical data on users' behaviour on the website. Used for
internal analytics by the website operator.
Expiry: 1 dayType: HTTP
Tiktok
2
Learn more about this provider
_tt_enable_cookie [x2]Used by the social networking service, TikTok, for
tracking the use of embedded services.
Expiry: 1 yearType: HTTP
Twitter Inc.
1
Learn more about this provider
personalization_idThis cookie is set by Twitter - The cookie allows the visitor
to share content from the website onto their Twitter profile.
Expiry: 2 yearsType: HTTP
Youku.com
3
Learn more about this provider
APLUS_CNARegisters statistical data on users' behaviour on the website. Used for
internal analytics by the website operator.
Expiry: PersistentType: HTML
APLUS_LS_KEYRegisters statistical data on users' behaviour on the website. Used
for internal analytics by the website operator.
Expiry: PersistentType: HTML
xlly_sCollects data on visitor interaction with the website's video-content.
This data is used to make the website's video-content more relevant towards the
visitor.
Expiry: 1 dayType: HTTP
Zendesk
4
Learn more about this provider
hc:#:recently_visited_articles [x4]Registers which articles the user has visited
in a Zendesk knowledge base.
Expiry: PersistentType: HTML
ac.union-ad.online
www.home.saxo

3
s [x3]Sets a unique ID for the session. This allows the website to obtain data
on visitor behaviour for statistical purposes.
Expiry: SessionType: HTTP
assets.adobedtm.com
scenarios.home.saxo

24
AMCV_# [x4]Unique user ID that recognizes the user on returning visits
Expiry: 2 yearsType: HTTP
com.adobe.reactor.dataElements.dtmPublish [x5]Pending
Expiry: SessionType: HTML
com.adobe.reactor.dataElements.queryString [x5]Pending
Expiry: SessionType: HTML
com.adobe.reactor.dataElements.signupType [x5]Pending
Expiry: SessionType: HTML
da_cmp [x5]Pending
Expiry: PersistentType: HTML
assets.adobedtm.com
www.home.saxo

3
leadTimeStart [x3]Pending
Expiry: PersistentType: HTML
cn.saxobank.com
www.home.saxo
www.bgsaxo.it
cn1.saxobank.com

4
iit_seg [x4]Pending
Expiry: 27904 daysType: HTTP
openapi.help.saxo
helpcn.saxobank.com

4
s_lv [x2]Used to determine the number of days since the user last visited the
website.
Expiry: 3 yearsType: HTTP
s_lv_s [x2]Used to determine the number of days since the user last visited the
website.
Expiry: 1 dayType: HTTP
sc-static.net
1
X-ABThis cookie is used by the website’s operator in context with multi-variate
testing. This is a tool used to combine or change content on the website. This
allows the website to find the best variation/edition of the site.
Expiry: 1 dayType: HTTP
video.home.saxo
video.saxobank.com

6
#_p [x2]This cookie is used to determine the number of times specific video
content has been viewed. This is done by setting a specific ID for the visitor.
The cookie also remembers any subscription choices made by the visitor.
Expiry: PersistentType: HTML
#_u [x2]This cookie is used to determine the number of times specific video
content has been viewed. This is done by setting a specific ID for the visitor.
The cookie also remembers any subscription choices made by the visitor.
Expiry: PersistentType: HTML
_visual_swf_referer [x2]Used to register statistics for videos that are played.
Expiry: SessionType: HTTP
www.bgsaxo.it
assets.adobedtm.com
scenarios.home.saxo

3
s_ecid [x3]Used as reference IDs when an AMCV cookie expires
Expiry: 2 yearsType: HTTP
www.bgsaxo.it
assets.adobedtm.com
scenarios.home.saxo
cn1.saxobank.com

4
AMCVS_#AdobeOrg [x4]Pending
Expiry: SessionType: HTTP
www.bgsaxo.it
cn.saxobank.com
www.home.saxo
cn1.saxobank.com

16
Evars [x4]Pending
Expiry: PersistentType: HTML
Events [x4]Pending
Expiry: PersistentType: HTML
Products [x4]Pending
Expiry: PersistentType: HTML
sb_prevpages [x4]Pending
Expiry: SessionType: HTTP
www.bgsaxo.it
openapi.help.saxo
scenarios.home.saxo
cn1.saxobank.com

4
s_cc [x4]Used to check if the user's browser supports cookies.
Expiry: SessionType: HTTP
www.bgsaxo.it
scenarios.home.saxo
assets.adobedtm.com

3
s_dur [x3]Pending
Expiry: 1 dayType: HTTP
www.google-analytics.com
scenarios.home.saxo

12
_ga [x4]Registers a unique ID that is used to generate statistical data on how
the visitor uses the website.
Expiry: 2 yearsType: HTTP
_gat [x4]Used by Google Analytics to throttle request rate
Expiry: 1 dayType: HTTP
_gid [x4]Registers a unique ID that is used to generate statistical data on how
the visitor uses the website.
Expiry: 1 dayType: HTTP
www.googletagmanager.com
scenarios.home.saxo

2
_ga_# [x2]Used by Google Analytics to collect data on the number of times a user
has visited the website as well as dates for the first and most recent visit.
Expiry: 2 yearsType: HTTP
www.home.saxo
assets.adobedtm.com

3
mbox [x3]This cookie is used to collect non-personal information on the
visitor's behavior and non-personal visitor statistics, which can be used by a
third-party ad-targeting agency.
Expiry: 1 dayType: HTTP
Marketing 173

Marketing cookies analyse what you’re interested in across the websites you
visit. They help publishers and third-party advertisers display adverts that are
relevant to you.
Adobe
1
Learn more about this provider
dpmSets a unique ID for the visitor, that allows third party advertisers to
target the visitor with relevant advertisement. This pairing service is provided
by third party advertisement hubs, which facilitates real-time bidding for
advertisers.
Expiry: 179 daysType: HTTP
Adobe Inc.
1
Learn more about this provider
demdexVia a unique ID that is used for semantic content analysis, the user's
navigation on the website is registered and linked to offline data from surveys
and similar registrations to display targeted ads.
Expiry: 179 daysType: HTTP
Alibaba.com
1
Learn more about this provider
atpsidaRegisters a unique ID that identifies the user's device during return
visits. Used for conversion tracking and to measure the efficacy of online ads.
Expiry: SessionType: HTTP
Appnexus
1
Learn more about this provider
uuid2Registers a unique ID that identifies a returning user's device. The ID is
used for targeted ads.
Expiry: 3 monthsType: HTTP
Baidu
9
Learn more about this provider
Hm_lpvt_# [x3]Pending
Expiry: SessionType: HTML
Hm_lvt_# [x3]Pending
Expiry: 1 yearType: HTML
hm.gifUsed to send data to Baidu about the visitor's device and behavior. Tracks
the visitor across devices and marketing channels.
Expiry: SessionType: Pixel
HMACCOUNTUsed to send data to Baidu about the visitor's device and behavior.
Tracks the visitor across devices and marketing channels.
Expiry: 5666 daysType: HTTP
HMACCOUNT_BFESSUsed to send data to Baidu about the visitor's device and
behavior. Tracks the visitor across devices and marketing channels.
Expiry: 5666 daysType: HTTP
Google
8
Learn more about this provider
IDEUsed by Google DoubleClick to register and report the website user's actions
after viewing or clicking one of the advertiser's ads with the purpose of
measuring the efficacy of an ad and to present targeted ads to the user.
Expiry: 1 yearType: HTTP
pagead/landing [x2]Collects data on visitor behaviour from multiple websites, in
order to present more relevant advertisement - This also allows the website to
limit the number of times that they are shown the same advertisement.
Expiry: SessionType: Pixel
pagead/viewthroughconversion/1040601720Pending
Expiry: SessionType: Pixel
pagead/viewthroughconversion/779434126Pending
Expiry: SessionType: Pixel
ads/ga-audiencesUsed by Google AdWords to re-engage visitors that are likely to
convert to customers based on the visitor's online behaviour across websites.
Expiry: SessionType: Pixel
pagead/1p-conversion/#Collects data on visitor behaviour from multiple websites,
in order to present more relevant advertisement - This also allows the website
to limit the number of times that they are shown the same advertisement.
Expiry: SessionType: Pixel
pagead/1p-user-list/#Tracks if the user has shown interest in specific products
or events across multiple websites and detects how the user navigates between
sites. This is used for measurement of advertisement efforts and facilitates
payment of referral-fees between websites.
Expiry: SessionType: Pixel
LinkedIn
6
Learn more about this provider
collectCollects data on user behaviour and interaction in order to optimize the
website and make advertisement on the website more relevant.
Expiry: SessionType: Pixel
bcookieUsed by the social networking service, LinkedIn, for tracking the use of
embedded services.
Expiry: 2 yearsType: HTTP
bscookieUsed by the social networking service, LinkedIn, for tracking the use of
embedded services.
Expiry: 2 yearsType: HTTP
li_sugrCollects data on user behaviour and interaction in order to optimize the
website and make advertisement on the website more relevant.
Expiry: 3 monthsType: HTTP
lidcUsed by the social networking service, LinkedIn, for tracking the use of
embedded services.
Expiry: 1 dayType: HTTP
UserMatchHistoryEnsures visitor browsing-security by preventing cross-site
request forgery. This cookie is essential for the security of the website and
visitor.
Expiry: 29 daysType: HTTP
Meta Platforms, Inc.
1
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frUsed by Facebook to deliver a series of advertisement products such as real
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mmstat.com
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ttcontacts.com
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QUARTERLY OUTLOOK
Q3 2022: THE RUNAWAY TRAIN

Saxo's latest Quarterly Outlook is out now. This quarter's topic is coined "The
Runaway Train". It looks at the high inflation rates, which central banks are
struggling to get under control. Due to global uncertainty, under-investing in
energy infrastructure and supply chain challenges, there are only difficult
solutions to this issue that each come with their own range of problems.

Get our team of in-house analysts' views on the investment landscape in a tough
macro economic world and plan your investment strategy for Q3 2022 and beyond. 


Read the articles Get the summary




IN THIS EDITION

The world is changing from high economic visibility and low inflation to one of
high volatility and high inflation. Central banks are struggling to catch up and
the only real way to kill the runaway train that is inflation could be forcing
the world into recession.

 * INFLATION WILL NOT MODERATE, IT IS A RUNAWAY TRAIN
   
   Central banks' attempts to kill inflation is a paradigm shift, which could
   end in a deep recession.

 * TANGIBLE ASSETS AND PROFITABLE GROWTH ARE THE WINNERS
   
   With US equities officially in a bear market, the big question is where and
   when is the bottom in the current drawdown?

 * UNDERSTANDING THE LACK OF INVESTMENT APPETITE AMONG OIL MAJORS
   
   The everything rally seen in recent quarters has become more uneven, as its
   strength is driven by commodities in short supply.

 * THE PRESSURE IS ON AS THE WIND LEAVES THE SAILS
   
   With cryptocurrencies in sharp decline, are we entering a crypto winter or is
   the bear market a healthy clean-up of the crypto space?

 * WHY THE FED CAN NEVER CATCH UP AND WHAT TURNS THE US DOLLAR LOWER?
   
   Many other central banks are set to eventually outpace the Fed in hiking
   rates, taking their real interest rates to levels higher than the Fed will
   achieve.

 * BANK OF JAPAN: SWIMMING AGAINST THE TIDE
   
   The Japanese economy has gone from the age of deflation to rapidly rising
   prices in no time, leaving the Bank of Japan in a pickle.

 * GREEN TRANSFORMATION DETOUR AND BEAR MARKET HIBERNATION
   
   With the impending risk of global econonomic derailment, we share the five
   things investors need to consider in this new half year.

 * CRISIS REDUX FOR THE EUROZONE?
   
   Whether there's going to be a recession in Europe or not, the path towards a
   stable economy will be agonizing.

 * PRICE BUBBLE IMPLOSION IN EQUITIES
   
   The Nasdaq-100 Index has a clear bubble pattern. According to the theory of
   bubbles, there is at least one large correction known as a bear
   trap—sometimes even two—during a long uptrend.

 * CHINA: THE TRAIN OF NEW DEVELOPMENT PARADIGM LEFT THE STATION TWO YEARS AGO
   
   China is transiting to a new development paradigm, as they are hit by
   deteriorating terms of trade, a slower global economy and an uncertain future
   while continuing attempts to contain the pandemic.

      
Download the report as PDF


START INVESTING WITH SAXO


START INVESTING WITH SAXO

Now that you took the pulse of the market you might want to take action. With
Saxo, you get access to a wide range of investment options, intuitive trading
tools and market insights to help you make smart investments.



See our offering




PREVIOUS QUARTERLY OUTLOOKS






 * Q2 2022: THE END GAME HAS ARRIVED
   
   Bring yourself up to speed on the next quarter's financial themes with Saxo's
   Q2 Outlook. Learn how different asset classes fare in the turbulent financial
   landscape and get inspiration from our team of in-house analysts.
   Read the report


 * Q1 2022: FUELLING THE ENERGY CRISIS
   
   Discover the key theme that will shape the financial markets, find out how
   different asset classes will react, and get strategic investment plays from
   our team of in-house analysts.
   Read the report


 * Q4 2021: THIS TIME IS DIFFERENT
   
   Plan your investment strategy for Q4 2021 with expert commentary from our
   team of in-house analysts.
   Read the report


 * Q3 2021: A EUROPEAN REVOLUTION
   
   As a younger generation of voters prepare to flex their muscles, Germany –
   and Europe – may never be the same again
   Read the report


 * Q2 2021: THE WORLD IS SHORT OF EVERYTHING
   
   The law of unintended consequences: the world is now short of everything it
   needs.
   Read the report


 * Q1 2021: COMMODITY BULL CYCLE
   
   Is 2021 the year that marks the beginning of the seventh commodity bull
   markets of the past 227 years?
   Read the report


 * Q4 2020: THE US ELECTION
   
   The end of the economic cycle meets inequality, social unrest and a market
   feeding frenzy driven by the policy response to this deep crisis.
   
   Read the report


 * Q3 2020: LOCALISATION - THE NEW MACRO PARADIGM
   
   Massive headwinds ahead for growth, employment, the social fabric and the
   markets as states and companies focus inwards.
   Read the report


 * Q2 2020: A WORLD OUT OF BALANCE
   
   The virus outbreak set three major macro impulses in motion: a global demand
   shock, a global supply shock and an oil war that has forced prices to
   multi-year lows. 
   Read the report


 * Q1 2020: THE GREAT CLIMATE SHIFT
   
   For the first time since WWII we sense a shift in which climate and the
   environment – not growth – will become the priority of governments and their
   citizens.
   Read the report


WE ARE FOCUSED ON YOUR GOALS


WE ARE FOCUSED ON YOUR GOALS



Saxo Bank is a fully regulated and licensed industry leader, at work to source
the best products in the market for you. As an independent provider, we offer
unbiased support to help you meet your financial goals, while striving to
increase accessibility and transparency in the trading industry.


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JUNE

USES SAXOINVESTOR

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 * 
 * 
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270,000+



Daily trades


850,000+



Clients


85+ BN



USD assets under management


20+ BN



USD daily trade volume




READY TO GET STARTED?

Open account


Saxo Bank A/S (Headquarters)
Philip Heymans Alle 15
2900
Hellerup
Denmark


Contact Saxo

Select region

International
International


PRODUCTS & PRICING

Products & pricing
 * Stocks
 * ETFs
 * Bonds
 * Mutual funds
 * Listed options
 * Futures
 * Investment portfolios
 * More products
 * General charges

PLATFORMS

Platforms
 * Platform overview
 * SaxoTraderGO
 * SaxoTraderPRO
 * Connectivity & APIs

ACCOUNTS & SERVICE

Accounts & service
 * Client service
 * VIP offering
 * Saxo account
 * Corporate account
 * Professional account
 * Portfolio-based margin account
 * Support centre
 * Frequently asked questions

GENERAL

General
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 * About Saxo
 * Login
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OTHER

Other
 * Trade inspiration
 * Outrageous Predictions
 * Quarterly Outlook
 * Refer a friend
 * Margin information

LEGAL

Legal
 * Compliance
 * Risk warning
 * Terms of Use
 * Investor relations
 * Banking licence
 * Protection of funds
 * Privacy
 * Cookie policy
 * General business terms

Trade responsibly
All trading carries risk. Read more. To help you understand the risks involved
we have put together a series of Key Information Documents (KIDs) highlighting
the risks and rewards related to each product. Read more

This website can be accessed worldwide however the information on the website is
related to Saxo Bank A/S and is not specific to any entity of Saxo Bank Group.
All clients will directly engage with Saxo Bank A/S and all client agreements
will be entered into with Saxo Bank A/S and thus governed by Danish Law.

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