Saxo Bank MENA

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 […]

NEWS DESK

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 […]

NEWS DESK

Trump’s muscular Inaugural Address will make waves for years to come– Saxo Bank MENA

News Desk 1 21/01/2025 0

Trump delivered a muscular Inaugural Address today that marks out a confrontational policy both domestically and internationally, but with few immediate measures the market can grab onto for a sustained reaction until further details are known. Executive summary: Trump delivered a muscular Inaugural Address today that marks out a confrontational policy both domestically

NEWS DESK

COT Report: Elevated commodities longs face short-term risks as Trump 2.0 era begins – Saxo Bank MENA

News Desk 1 20/01/2025 0

Forex: In forex, speculators responded to another week of broad dollar strength by lifting their dollar long versus eight IMM futures to a fresh six-year high at USD 36 billion. Except for a second week of short covering in EUR where both long and short positions were reduced, and profit taking on CAD and NZD […]

NEWS DESK

Nvidia’s CES 2025: Hot Innovations, Cold Market Reaction – Saxo Bank MENA

News Desk 1 09/01/2025 0

Nvidia kicked off CES 2025 with a bang, unveiling an impressive lineup of products, partnerships, and future initiatives. Yet, despite the hype and a brief pre-market rally that saw shares hit new all-time highs, Nvidia’s stock ended the day in the red. So, what exactly happened? Let’s break down Nvidia’s announcements and the market reaction. […]

NEWS DESK

COT Report: Managed money’s year-end positioning in forex and commodities – Saxo Bank MENA

News Desk 1 09/01/2025 0

Forex: In forex, speculators ended the year holding a USD 32.3 billion net long USD position versus eight IMM futures contracts and the DXY. Apart from a brief peak last April, this was the biggest bet on a stronger dollar since mid-2019. This helps explain the sudden burst of dollar selling on Monday following a […]

NEWS DESK

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

News Desk 1 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

Gold fell by 0.12% to $2,443 per ounce – Saxo Bank MENA

News Desk 1 05/08/2024

Commodities: Gold fell by 0.12% to $2,443 per ounce, reversing from earlier highs due to midday selling pressure. Initially, prices had risen due to a drop in Treasury yields and the US dollar, influenced by expectations of aggressive rate cuts. Oil prices also declined, with WTI crude dropping by 3.66% to $73.52 per barrel and […]

NEWS DESK

Widespread commodities decline in July, with gold as the notable exception  – Saxo Bank MENA

News Desk 1 02/08/2024

The month of July, normally a relatively quiet period of the year across markets, ended up being nothing but quiet. During the month, US politics were rocked by the assassination attempt on Trump, followed by President Biden announcing that he would not seek re-election, instead passing on the baton to Kamala Harris. Elsewhere in China, […]

NEWS DESK

Attack on Trump may prompt safe-haven flows in Asian markets  – Saxo Bank MENA

News Desk 2 15/07/2024

Commodities: WTI crude oil futures declined by 0.5% to close at $82.21 per barrel, ending a two-day winning streak and marking a 1.14% decrease for the week. Brent Crude futures also fell, settling at $85.03 per barrel, down 0.43%. Natural gas saw a late-week rebound, finishing up 0.43% for the week at $2.329. Gold prices […]

NEWS DESK

Silver surged by 4.5% to above $31 – Saxo Bank MENA – Market Report

News Desk 2 28/05/2024

Commodities: Oil increased as tensions escalated in the Middle East following the death of an Egyptian soldier in a clash with Israeli troops. WTI rose by approximately 1% from Friday’s close to near $79 a barrel, while Brent traded close to $83. Egypt’s military confirmed the death at the Rafah crossing into Gaza, potentially heightening […]