Dollar

NEWS DESK

Commodities sector eyes fourth weekly gain amid softer dollar and Fed expectations – Saxo Bank MENA

PR News Desk 02/09/2024

Commodities The commodities sector is heading for its fourth consecutive weekly gain, and throughout August the sector has been supported by a combination of a softer dollar, lower Treasury yields, and expectations the US Federal Reserve will announce the first of several cuts at the 18

NEWS DESK

Funds boost metals investment as dollar long positions halve amid weakness – Saxo Bank MENA

PR News Desk 27/08/2024

Commodities The reporting week saw global financial markets continue a strong rebound, with early August’s market turmoil now a distant memory. Instead, increased expectations for a September US rate cut helped drive stock markets sharply higher and the dollar and long-end US Treasury yields lower. Elsewhere, China, the world’s top consumer of commodities,

NEWS DESK

Oil rises but hits lows; gold rebounds on weaker dollar  – Saxo Bank MENA

PR News Desk 26/08/2024

Commodities WTI crude oil futures rose 2.49% to $74.83 per barrel, while Brent crude futures increased 2.33% to $79.02 per barrel. Despite these gains, both benchmarks hit their lowest levels since early January due to a significant downward revision in U.S. job growth estimates. Morgan Stanley predicts a surplus in oil supply by 2025 as […]

NEWS DESK

Oil Futures Rise on U.S. Crude Inventory Drop; Gold Steady Amid Dollar Gains and Mideast Tensions – APM Capital Market Report

PR News Desk 08/08/2024

Mark Pussard, Head of Risk, APM Capital Commodities Oil futures rose Wednesday, finding support as data showed a fall in U.S. crude inventories and as stock markets continued their recovery from a global rout that had served to pull down commodity prices. West Texas Intermediate crude for September delivery finished with a gain of $2.03, […]