
Saxo Bank withdraws from its sponsorship of ‘Team Saxo Bank’ past 2010. Below you can find a video interview with with Lars Seier Christensen, Co-CEO of Saxo Bank where he explains the reasons why.

Do you want to know what Saxo Bank is. have a look at this interview with Co-CEOs, Kim Fournais and Lars Seier Christensen

Saxo Bank opened up their new office in Amsterdam. See interviews with Co-CEO, Lars Seier Christensen and director of Saxo Bank Holland, Pieter Jan Datema
Despite yesterdays’ sell-off in equities we expect this to be temporary. An important trigger for equity markets to go higher will be Consumer Confidence from the US released at 14:00 GMT.
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Equities rallied quite strong yesterday, however today we expect to see a bit of retracement. Our stand is that the top levels are not going to be retested anytime soon.
Morgan Stanley out with quarterly loss. Acquisitions from Citi Group did not help as trading values are still down significantly.
Bernanke admitted yesterday that now is not the time to implement the exit strategy from QE.
The earnings season is off to a good start with 80% of the reported companies out better than expected. This will lead the equity market higher as the fundamental data is ignored.
We are going to open higher in Europe following US yesterday. Look for earnings for the major players like CitiGroup, Bank of America and General Electric since they will direct markets today.
Equities have traded higher the last few days, but we are now approaching important resistance levels (5000 in Dax, 930 in S&P500) and we expect a retracement from here the next few days.
Intel posted better than expected earnings yesterday and made futures trade significantly higher. However after scrutinizing the report it is due to superior cost management and not improved sales.
Philips earnings being the only exception there are only few data out today leaving markets without new direction. Consequently we expect markest to trade lower following Friday last week.
This morning the phone rang with a great message. It was the CO-CEO of Saxo Bank (our main sponsor in case anyone should not have noticed), Kim Fournais, that called to congratulate us with a really awesome first week, and wish us the best of luck in the mountains.
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