Saxo Bank MENA

NEWS DESK

Gold holds steady despite deleveraging risks in volatile markets- Saxo Bank MENA

News Desk 1 12/03/2025 0

The “Magnificent Seven” tech stocks—Apple, Microsoft, Alphabet, Amazon, Meta, Nvidia, and Tesla—were, until very recently, the crown jewels of Wall Street, driving much of the market’s gains in 2024 while pulling in billions of dollars from overseas investors looking to join a

NEWS DESK

COT Report: Wholesale reductions in speculators’ USD and commodity longs – Saxo Bank MENA

News Desk 1 11/03/2025 0

Commodities: A second week of broad and accelerated risk aversion and rising volatility saw all sectors and most contracts covered in this update being exposed to net selling. This occurred during a reporting week that, despite a weaker dollar, saw the Bloomberg Commodities Index drop 1.4% as hedge funds lowered their overall exposure amid rising […]

NEWS DESK

Tariff threat dislocates HG copper from global prices – Saxo Bank MENA

News Desk 1 06/03/2025 0

Global financial markets remain on an emotional edge amid a constant flow of news from the Trump administration. In commodities, we have seen prices across several raw materials respond differently to the prospect of US import tariffs and retaliatory measures by its main counterparts, including Canada, Mexico, and China. Crude oil trades lower amid fears […]

NEWS DESK

Stagflation and geopolitical tensions fuel renewed demand for gold – Saxo Bank MENA

News Desk 1 05/03/2025 0

Global financial markets are on both a technical and an emotional edge as Trump’s tariffs have gone forward, and speculation swirls that he will announce something particularly dramatic in a speech later today. Given the recent movements across the US stock market and the dollar—which has weakened instead of rising—there is growing speculation that we […]

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Oil prices jump as Trump announces tariffs on top crude suppliers, while gold falls due to a stronger dollar – Saxo Bank MENA

News Desk 1 28/02/2025 0

Commodities: Equities: Macro: FX: Fixed income: 

NEWS DESK

Nvidia earnings beat estimates—so why is Wall Street hesitant– Saxo Bank MENA

News Desk 1 27/02/2025 0

Nvidia just dropped its latest earnings, and the numbers are nothing short of massive. In the fourth quarter, the AI chip giant posted: But despite these stellar results, the stock traded in a narrow range of -2% to +2% in after-hours trading, as investors wrestled with whether the numbers were impressive enough to justify Nvidia’s […]

NEWS DESK

COT report: Traders turn selective despite ongoing broad commodities rally. Dollar selling continues – Saxo Bank MENA

News Desk 1 25/02/2025 0

Commodities: Following several weeks of widespread buying across most commodities and sectors, hedge funds began to exhibit signs of caution, adopting a more selective approach during the week leading up to 18 February. This period saw the Bloomberg Commodity Index climbing by 1.6% to reach a new 17-month high, buoyed by gains across all sectors […]

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All eyes on Nvidia’s earnings: A high-stakes moment for AI stocks– Saxo Bank MENA

News Desk 1 24/02/2025 0

The AI revolution has a king, and its name is Nvidia. But will its upcoming earnings prove it deserves the throne, or are cracks beginning to form? As the dominant force in AI infrastructure, Nvidia’s report on 26 February is set to be a defining moment—not just for the company, but for the entire AI […]

NEWS DESK

Commodities Weekly: Energy market strength and Trump rhetoric fuel ongoing surge– Saxo Bank MENA

News Desk 1 21/02/2025 0

“There are decades where nothing happens; and there are weeks where decades happen” is a quote often attributed to Vladimir Lenin. Whether or not it originated from him, it aptly describes the recent and rapid changes initiated by the Trump administration in Washington. In our most recent Commodity Weekly, which highlighted how broad strength had […]

NEWS DESK

Gold Near Record Highs Amid Geopolitical Tensions; Markets Soar as S&P 500 and Nasdaq Hit Records – Saxo Bank

News Desk 1 20/02/2025 0

Macro: Commodities ·       Gold hovered near record highs at $2,935 an ounce due to geopolitical tensions, despite the Fed’s rate stance. Concerns grew as Trump suggested pulling US support for Ukraine after Russia’s 2022 invasion, urging Zelenskiy to swiftly negotiate with Russia. ·       Oil prices

NEWS DESK

COT Report: Crude, Gold and Grains See Mild Profit Taking– Saxo Bank MENA

News Desk 1 19/02/2025 0

Forex: In the forex market, speculators sold USD at an accelerated pace, leaving the gross long versus eight IMM futures down 15% on the week but still at an elevated level of USD 26.5 billion. All the major currencies, except EUR, saw net buying, led by strong demand for JPY, which lifted the net long […]

NEWS DESK

Defence stocks in focus: US military spending cuts and Russia-Ukraine peace deal buzz – Saxo Bank MENA

News Desk 1 17/02/2025 0

Recent headlines about potential U.S. defence spending cuts have sparked concerns across markets. While the immediate impact may be limited, the longer-term outlook for defence contractors is under scrutiny as the administration reviews major programs. Meanwhile, calls for increased defence spending from NATO allies could create new opportunities. Let’s break down what’s

NEWS DESK

The USD bear case awaits confirmation – Saxo Bank MENA

News Desk 1 11/02/2025 0

The drop in US yields has helped engineer a USDJPY breakdown, now we watch the broader USD picture for whether we get further signs that the USD bear case is playing out. Tariffs, tariffs, tariffs. Watching for the US dollar bear case to spread beyond USDJPY Odds and ends

NEWS DESK

Broad Strength Drives Commodities Sector to 26-month High– Saxo Bank MENA

News Desk 1 06/02/2025 0

A strong start to the year has seen one of the leading commodities indices reach a 26-month high, potentially signalling a breakout of a two-year horizontal range that emerged following the 2020–2022 pandemic- and Ukraine war-led surge and subsequent correction. Overall, the Bloomberg Commodity Total Return Index (BCOMTR) trades up 5.9% so far this year […]

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COT Report: Mixed week seen ahead of Trump’s tariff offensive – Saxo Bank MENA

News Desk 1 03/02/2025 0

Markets react to Trump’s tariff announcement Financial markets are trading relatively calmly in early Monday sessions after President Trump followed through on his threat to impose tariffs on the United States’ biggest trading partners, including China, over the weekend. He also threatened tariffs against the EU. Two opinion pieces in The Wall Street Journal and […]

NEWS DESK

Beyond DeepSeek: AI Is Still an Investment Theme of the Future – Saxo Bank MENA

News Desk 1 28/01/2025 0

AI has been the darling of tech investors for years, powering portfolios and headlines alike. But what happens when a disruptive player like DeepSeek enters the scene, creating chaos among industry giants? Should you panic—or pounce? Despite the recent turmoil and uncertainty, it’s important to remember that AI remains a solid long-term investment theme. Yes, […]

NEWS DESK

China’s DeepSeek: Could This be a Turning Point for US Tech? – Saxo Bank MENA

News Desk 1 28/01/2025 0

DeepSeek, a Chinese artificial intelligence (AI) startup, has recently emerged as a significant player in the AI landscape, drawing considerable attention from global investors and industry leaders. Founded in 2023, DeepSeek has rapidly developed advanced AI models that rival those of established U.S. tech giants. DeepSeek unveiled a free, open-source large-language model

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 buying of JPY […]

NEWS DESK

Crude oil weakens amid tariff uncertainty– Saxo Bank MENA

News Desk 1 24/01/2025 0

WTI and Brent crude oil prices have spent the past week drifting lower following a very strong start to the year that saw prices gain more than USD 10.00 on a combination of an exceptional cold winter temporarily lifting demand for heating fuels and diesel and, not least, the latest rounds of US sanctions on […]

NEWS DESK

Gold and silver see fresh gains as Trump 2.0 era begins– Saxo Bank MENA

News Desk 1 23/01/2025 0

In forex, speculators ended the year holding a USD 32.3 billion net long USD position versus eight Gold and silver prices have both benefited from the increased uncertainty caused by a wave of Trump announcements following his inauguration, including tariffs, with investors also evaluating their inflationary impact and effects on monetary policies. The latest run-up […]