Saxo Bank MENA

NEWS DESK

Commodities weekly: Sentiment improves as trade tensions cool before talks – Saxo Bank MENA

PR News Desk 09/05/2025 0

Easing trade tensions was the predominant red thread through markets this past week, starting with news that US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng would meet for talks in Geneva this weekend. Market risk sentiment was further boosted by President Trump hinting

NEWS DESK

Copper market navigates tariff uncertainty amid tight global supply – Saxo Bank MENA

PR News Desk 08/05/2025 0

The copper market continues to trade within a wide range, with some of the price action being driven by market participants trying to preempt what tariff level, if any, the US Commerce Department eventually will recommend the Trump administration apply on US imports. Just like steel and aluminium, Trump has threatened to impose a 25% […]

NEWS DESK

Agriculture markets diverge as trade war, weather, and speculators reshape landscape – Saxo Bank MENA

PR News Desk 07/05/2025 0

The Bloomberg Commodity Agriculture Subindex has delivered a total return of 3.2% so far in 2025, contributing positively to the broader Bloomberg Commodity Index, which is up approximately 5.6% year-to-date, the bulk of which stems from gold’s relentless rally. This performance comes amid a turbulent backdrop characterized not only by volatile weather conditions, but also

NEWS DESK

COT Report: Dollar-selling persists; Crude length trimmed ahead of OPEC output hike – Saxo Bank MENA

PR News Desk 05/05/2025 0

Forex: COT on forex covering the week to 29 April showed that, despite some emerging USD strength, the dollar-selling theme remained intact, with speculators lifting the gross USD short versus eight IMM futures to an eight-month high of USD 17.1 billion. While selling was broad, the main driver was renewed EURUSD buying, which increased the […]

NEWS DESK

Copper navigates energy transition, supply shocks, and market turmoil– Saxo Bank MENA

PR News Desk 29/04/2025 0

The combination of increased power demand for cooling and data centres, as well as the transition to cleaner energy sources and the push to mitigate climate change, will reshape commodity markets in the coming years. Governments and corporations around the world are currently investing heavily in renewable energy infrastructure, electric vehicles, and energy-efficient

NEWS DESK

What’s next as gold hits our USD 3,300 target– Saxo Bank MENA

PR News Desk 16/04/2025 0

An impressive 25% year-to-date rally has seen the spot gold price reach our 2025 target of USD 3,300 well ahead of schedule, raising the question of where do we go next? Gold has been on a tear since Q4 2022 when a triple bottom around USD 1,620 signalled the confirmation of a solid price floor […]

NEWS DESK

COT report: Hedge funds’ positioning ahead of Calamity Wednesday – Saxo Bank MENA

PR News Desk 07/04/2025 0

CommoditiesThe latest reporting week ended just ahead of last Wednesday when Trump’s aggressive tariff announcement sent global markets, including commodities, into a major downward spiral on increased expectations that the president’s announcements would trigger a global recession, leading to major repricing of demand expectations. In the days that followed,

NEWS DESK

Commodities Weekly: Tariff-led recession pain triggers sharp reversal – Saxo Bank MENA

PR News Desk 04/04/2025 0

This past week, we saw a justified meltdown in risky assets as markets absorbed the blow of Trump’s far larger than expected tariffs on all its major counterparts, sparking threats of retaliation and a broad selloff around the world on concerns that a global trade war on this scale and magnitude will drive an economic […]

NEWS DESK

Tariff-related recession fears ignite widespread commodities selloff– Saxo Bank MENA

PR News Desk 03/04/2025 0

US President Trump has imposed the steepest and harshest American tariffs in a century on all its majorcounterparts, sparking threats of retaliation and a broad selloff around the world on concerns that a globaltrade war on this scale and magnitude will drive an economic slowdown—not least in the US, where inflationforecasts have spiked, and sentiment […]

NEWS DESK

Commodities show strength in Q1, led by a select few – Saxo Bank MENA

PR News Desk 27/03/2025 0

The commodities sector has emerged as one of the best-performing asset classes this year, and as the first quarter moves to a close, and a 2nd April tariff announcement from the Trump administration looms, let’s take a look at the winners and losers so far. In order to do so, we focus on our preferred […]

NEWS DESK

Crude oil: Sanctions threat counters tariff-driven demand worries – Saxo Bank MENA

PR News Desk 26/03/2025 0

Crude oil futures continue to recover from a USD 14 selloff that began in January following Trump’s combative inauguration speech, which signalled an inward political focus combined with aggressive trade policies, including tariffs, that were meant to Make America (not the world) Great Again. His speech and subsequent action, including his “drill, baby,

NEWS DESK

Gold Hits Record Highs Amid Inflation Fears; US Equities Face Volatility with Tech Sector Declines –  Saxo Bank MENA

PR News Desk 25/03/2025 0

Commodities Gold set multiple new records, peaking above $3,055/oz on Mar 19, driven by inflation fears and geopolitical tensions. Copper surged above $5.20/lb on Mar 19, influenced by tariff-driven supply disruptions. Crude fluctuated, impacted by Middle East tensions and sanctions risks, trading near $70/bbl late week. Equities Digital Assets Bitcoin fluctuated around

NEWS DESK

Oil prices dip amid rising geopolitical tensions; Gold hits record high as Middle East conflicts escalate –  Saxo Bank MENA

PR News Desk 19/03/2025 0

Commodities Equities FX Macro Fixed Income

NEWS DESK

COT report: Silver and copper stands out in week of continued energy weakness – Saxo Bank MENA

PR News Desk 18/03/2025 0

Commodities: Despite a 1.3% rebound in the Bloomberg Commodity Index, hedge funds continued their third consecutive week of net selling, still reacting to the late-February correction that saw the index drop 4.6% before recovering. The total net long across 27 major futures contracts has declined by 44% during this time after hitting a 2-1/2-year high, […]

NEWS DESK

Crude Prices Rise Amid China Consumption Boost, Tech Stocks Lead with Nvidia Up 5.3% –  Saxo Bank MENA

PR News Desk 17/03/2025 0

Commodities Equities Digital Assets Currencies Macro data and headlines Volatility Volatility retreated Friday, with VIX down sharply (-11.7%) to 21.77 as markets rebounded. Futures today suggest caution, with S&P and Nasdaq futures down 0.6%-0.7%, and VIX futures up 2%. The week’s volatility hinges on key macro events, including today’s US retail sales and

NEWS DESK

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

PR News Desk 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 period of US exceptionalism. However, the tide has turned dramatically in

NEWS DESK

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

PR News Desk 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

PR News Desk 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

PR News Desk 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 […]

NEWS DESK

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

PR News Desk 28/02/2025 0

Commodities: Equities: Macro: FX: Fixed income: