Saxo Bank MENA

NEWS DESK

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

PR News Desk 21/01/2025

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

NEWS DESK

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

PR News Desk 20/01/2025

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

PR News Desk 09/01/2025

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

PR News Desk 09/01/2025

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

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

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

PR News Desk 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

PR News Desk 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 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 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 […]