Saxo Bank MENA

Thought leadership

Diversification – a strategic necessity, not an optional defensive tactic

News Desk 22/07/2025

By Hamza Dweik, Head of Trading, Saxo Bank MENA As the global economy braces for a period of realignment, investors must now re-evaluate how to build resilient, growth-focused portfolios which can withstand today’s uncertainty. This perspective is gaining ground especially in the Middle East,

BREAKING NEWS NEWS DESK

Gold and silver break key levels as copper eyes tariff decision – Saxo Bank

PR News Desk 03/06/2025

In our latest update, we flagged the growing two-way risk to gold, silver, and platinum, each facing stiff resistance levels that threatened to trigger a period of prolonged sideways consolidation. Yet, just days into June, the market narrative swiftly changed: gold and, more notably, silver pierced through key technical barriers, while platinum paused to consolidate […]

NEWS DESK

Trump’s Middle East dealmaking blitz: What does it mean for investors? – Saxo Bank MENA

PR News Desk 16/05/2025

President Donald Trump’s May 2025 Middle East visit has unleashed a flurry of mega-deals, aimed at deepening U.S. trade ties, correcting trade imbalances, and reinforcing America’s leadership in defense and technology exports. From Boeing aircraft to Nvidia’s AI chips, the trip wasn’t just about diplomacy—it was a global sales pitch. And investors are taking notice. […]

NEWS DESK

Trump’s visit to the UAE – Saxo Bank

PR News Desk 14/05/2025

Ahead of President Trump’s upcoming visit to the UAE, our spokesperson, Hamza Dweik, Head of Trading (MENA) at Saxo Bank, has shared his thoughts on the anticipated developments and regional implications. “President Trump’s visit to the UAE marks a significant moment in the evolving geopolitical landscape of the Gulf region. This visit

NEWS DESK

COT Report: Broad risk reduction seen ahead of easing trade tensions – Saxo Bank MENA

PR News Desk 12/05/2025

Forex: COT on forex covering the week to 6 May showed continued, albeit much reduced, USD selling appetite, with the net short against eight IMM futures seeing a small increase to USD 17.3 billion—a fresh eight-month high. In general, activity was relatively light compared with recent weeks, with the most notable activity being demand for […]

NEWS DESK

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

PR News Desk 09/05/2025

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 that the 145% tariffs on Chinese imports could come […]

NEWS DESK

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

PR News Desk 08/05/2025

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

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

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

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

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

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

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

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

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

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

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

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

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

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