Saxo Bank announce Outrageous Claims for 2010 now live on Trading Floor
Released
on: December 21, 2009, 1:06 pm
Author:
Saxo Bank
Industry: Financial
Saxo Bank's annual 'Outrageous Claims' now has its own page
on tradingfloor.com, the home for news from the Denmark-based online
bank's strategy team.
Among the 10 'Outrageous Claims' for 2010 are predictions of the 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 the US Social Security Trust Fund going bust.
The online futures trade and investment specialist's ten claims are an annual thought exercise to predict
rare but high impact 'black swan' events that are beyond the realm of normal
market expectations. The exercise aims to challenge market conceptions. Compiled as
part of the bank's 2010 Outlook, the claims this year paint a picture of a more
positive year ahead but with a few tremors along the way.
David Karsboel, Chief Economist at Saxo Bank, commented: "We believe that 2010 will
be a year of reflation, but structural headwinds lie ahead of us and could turn 2010
into a rollercoaster ride.
"One of the most likely structural headwinds will be a shift in investor focus
towards slowing GDP and timing issues regarding the path of FED tightening. This
will bring risk aversion back into markets.
"Whilst our annual 'Outrageous Claims' should be seen as the black swans of the
market rather than outright predictions, we do believe that the odds of these events
happening are somewhat higher than what is currently priced into the market," David
Karsboel concluded.
About Saxo Bank
Saxo Bank is an online forex trading, CFDs
trading and investment specialist, enabling clients to trade Stocks, Futures, Options and other derivatives, as well as providing portfolio management via
SaxoWebTrader and SaxoTrader, the leading online trading platforms. SaxoTrader is
available directly through Saxo Bank or through one of the Bank's global partners.
White label is a significant business area for Saxo Bank, and involves customised
and branding the Bank's online trading platform for other financial institutions
and brokers. Saxo Bank has more than 120 white label partners and boasts thousands
of clients in over 180 countries. Saxo Bank is headquartered in Copenhagen with
offices in Australia, China, the Czech Republic, France, Greece, Italy, Japan, the
Netherlands, Singapore, Spain, Switzerland, UK, and the United Arab Emirates.
Media Contact:
Andrew Arnold
Saxo Bank A/S
Philip Heymans Alle 15
DK -2900
Hellerup
+45 39 77 40 00
www.tradingfloor.com
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