Crude

NEWS DESK

COT Report: Commodity buying extends to fourth week, driven by crude, gas, and gold – Saxo Bank MENA

News Desk 1 27/01/2025 0

Forex: In forex, speculators responded to emerging USD weakness by turning net sellers of the greenback for the first time in seven weeks. Overall, however, the response to the 1.1% drop in the Dollar Index was mixed, with light net selling of EUR, CHF, and GBP being more than offset by heavy

NEWS DESK

Crude length cut ahead of Israeli strike; silver and platinum see strong demand  – Saxo Bank

News Desk 1 30/10/2024 0

Commodities: In the latest reporting week, the Bloomberg Commodity Index rallied 1.8%, thereby fully recouping losses in the previous week. All sectors except softs saw higher prices, led by precious metals, where all metals saw demand amid haven demand ahead of the US elections, with silver jumping more than 10% after breaking resistance-now-support at USD […]

NEWS DESK

Buyers return to crude as gold stays strong; Yen buying hits historic levels  – Saxo Bank MENA

News Desk 1 19/08/2024

Commodities: Global financial markets have made a strong recovery, with early August’s market turmoil now a distant memory. This turnaround comes after better-than-expected US economic data reduced fears of a severe downturn in the world’s largest economy, thereby easing pressure on the Federal Open Market Committee (FOMC) to implement deep interest rate cuts.

NEWS DESK

Crude’s month-long slide halted by fresh Mideast worries  – Saxo Bank MENA

News Desk 2 31/07/2024

The energy sector is heading for its biggest monthly loss since May 2023, with headlines this past month being dominated by the poor outlook for Chinese demand as economic weakness persists in the world’s top importer of crude oil. In addition, the recent loss of risk appetite across key stock market sectors has also led […]