Saxo Bank

NEWS DESK

Copper rally faces tariff roulette, but fundamentals remain tight – Saxo Bank

News Desk 05/06/2026

Copper has extended its rally in 2026, trading around 14% higher year-to-date and roughly one-third above levels seen a year ago. While the magnitude of the move has raised concerns about demand destruction and speculative excess, the underlying story continues to strengthen. Mine supply is

NEWS DESK

AI winners hit a higher bar as investors ask tougher questions – Saxo Bank

News Desk 04/06/2026

Good earnings used to be the easy part. A company beat estimates, lifted guidance, smiled politely, and the share price usually did the rest. Not this week. Broadcom, Palo Alto Networks and CrowdStrike all reported strong results around 2 and 3 June 2026. Each sits close to one of the market’s biggest themes: artificial intelligence […]

NEWS DESK

The AI boom is becoming a capital-cycle story – Saxo Bank

News Desk 03/06/2026

Artificial intelligence started as a product story. Better chatbots. Better coding tools. Better image generators. A neat party trick, until the party started asking for data centres, chips, electricity and financing. That is the shift investors now need to understand. The artificial intelligence (AI) race is moving from “what can the product do?” to “who […]

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Gold fell again in May as Middle East crisis reshaped market focus – Saxo Bank

News Desk 02/06/2026

Since hitting a record peak near USD 5,600 in late January, gold has endured a challenging period, with prices falling for a third consecutive month in May, albeit by less than 2%, as the Middle East conflict shifted investor attention towards its broader implications for global energy markets, inflation, the dollar and interest rates. Despite […]

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COT update: Peace deal hopes spark commodity liquidation as dollar longs surge – Saxo Bank

News Desk 01/06/2026

Commodities   In the latest COT reporting week to 26 May, growing confidence in a potential US-Iran peace deal helped drive the Bloomberg Commodity Index 4% lower, with only six of the 25 major commodity futures tracked in this report posting gains. At the sector level, energy slumped more than 9%, while agriculture fell 3.5%, […]

NEWS DESK

Economic Slowdown Concerns Grow Even as Geopolitical Tensions Ease – Saxo Bank

News Desk 22/05/2026

Macro headlines Hopes for a diplomatic resolution to the Iran conflict supported markets, with Tehran saying the latest proposal from Washington had helped narrow differences between the two sides. However, major hurdles remain, with the US demanding that Iran hand over its enriched uranium stockpile and commit to ending uranium enrichment, terms Iranian leaders have […]

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Nvidia earnings: Artificial Intelligence gets its report card – Saxo Bank

News Desk 21/05/2026

Nvidia did not just report earnings on 20 May 2026. It handed investors another progress report on the artificial intelligence buildout.   The numbers were strong. Nvidia reported first-quarter revenue of 81.6 billion USD, up 85% from a year earlier. Data centre revenue, the core of the artificial intelligence story, reached 75.2 billion USD, up […]

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The space economy is coming down to Earth – Saxo Bank

News Desk 20/05/2026

Space used to be easy to file under “science fiction, rockets and very expensive smoke.” That is changing. The space economy is becoming part of everyday infrastructure, from internet connections and weather data to defence, farming, shipping and navigation. This matters now because the sector is no longer just about who can launch the most […]

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Gold: Near-term headwinds meet longer-term structural support – Saxo Bank

News Desk 19/05/2026

Gold continues its week-long consolidation phase after a historic rally that carried bullion to a January peak near USD 5,595 before correcting sharply to a March low near USD 4,100. At around USD 4,550, bullion still trades up roughly 5% year-to-date and 40% over the past year, but it remains near the lower end of […]

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COT update: Metals bought, dollar sold ahead of US inflation surprise – Saxo Bank

News Desk 18/05/2026

Commodities The BCOM Index gained 1.5% during the reporting week before US inflation-led market turmoil triggered end-of-week volatility across bond yields, the dollar, and not least key commodities, particularly recently strong-performing investment and industrial metals. During the reporting week, relatively stable, yet elevated, energy prices initially supported a

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Global Markets Climb as Investors Brace for Higher Rates and Costlier Energy – Saxo Bank

News Desk 15/05/2026

Macro:  Kevin Warsh was confirmed as the new Federal Reserve chair, with bond markets already repricing higher and raising interest rates ahead of his tenure. US retail sales rose 0.5% month-on-month in April 2026, in line with forecasts, after a downwardly revised 1.6% gain in March. Gasoline stations led with a 2.8% increase amid higher […]

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Iran Conflict, Trade Deal and Tech in Focus at Trump-Xi Meeting – Saxo Bank

News Desk 11/05/2026

US President Donald Trump is scheduled to meet Chinese President Xi Jinping in Beijing on 14–15 May, in one of the week’s key geopolitical and market events. Before that, US Treasury Secretary Scott Bessent is expected to meet Chinese Vice Premier He Lifeng in Seoul on 12–13 May to narrow the economic agenda, including trade-truce […]

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Market Report : Geopolitics Drive Volatility as Markets Balance Inflation, Growth Signals and Commodity Swings – Insights from Saxo Bank

News Desk 08/05/2026

 Macro headlines US forces said they intercepted unprovoked Iranian attacks on three Navy destroyers as the vessels transited the Strait of Hormuz toward the Gulf of Oman. This is a further testing the fragile US-Iran ceasefire. Japan’s nominal cash earnings rose 2.7% year-on-year in March 2026, slowing from a revised 3.4% gain in February and […]

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Global Markets Rise on Easing Geopolitical Tensions and Falling Oil Prices – Saxo Bank

News Desk 07/05/2026

Macro headlines US-Iran peace hopes moved from a geopolitical headline to the main macro driver. Oil fell sharply on Wednesday as markets priced a lower risk of prolonged disruption in the Strait of Hormuz, after the US reportedly sent a one-page proposal through Pakistan aimed at ending the conflict and gradually reopening the waterway. Iran […]

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Markets rally as tensions ease, but gold keeps investors cautious – Saxo Bank

News Desk 06/05/2026

Equities hit fresh records as Hormuz tensions ease, but gold’s persistent bid suggests the geopolitical premium has not fully left the room. WTI crude pulled back from Monday’s Strait of Hormuz spike on Tuesday, as Washington signalled that a short-term naval corridor solution was in progress – freeing equity markets to focus on a strong […]

NEWS DESK

Fed Holds Steady as Markets Embrace a “Higher for Longer” Reality: Expert Insights from Saxo Bank

News Desk 01/05/2026

Following the Fed meeting yesterday, our spokesperson, Hamza Dweik, Head of Trading (MENA), Saxo Bank, has shared his insights on the developments.   “Yesterday’s Federal Reserve meeting largely confirmed what markets had been signaling going in: policy remains firmly in a holding pattern, with the Fed emphasizing patience and data dependence rather than urgency.

NEWS DESK

Crude rally extends as Strait disruption continues; OPEC’s role tested after UAE exit – Saxo Bank

News Desk 30/04/2026

Crude oil has resumed its war-driven rally, with Brent rising almost non-stop since a brief mid-month tumble to USD 86, when hopes for a peace deal and a short-lived reopening of the Strait of Hormuz triggered a sharp but temporary correction. Since then, a renewed US and Iranian blockage of the strait has pushed prices […]

NEWS DESK

Fed Policy in Focus as Investors Look Beyond Rates to Guidance and Stability

News Desk 29/04/2026

Amid the current geopolitical headwinds, markets remain increasingly focused on how policymakers will communicate their next steps, particularly as they balance persistent inflation pressures with rising geopolitical uncertainty.   As the central bank navigates this delicate transition of power and a volatile global landscape, attention is firmly on its long-term

NEWS DESK

UAE Charts a Sovereign Path in the Global Energy Market

News Desk 29/04/2026

The UAE is entering a transformative chapter in its economic history as it transitions toward a fully independent energy strategy. This evolution reflects a nation that has successfully balanced rapid industrial growth with sophisticated financial planning, resulting in an economy where the non-oil sector now drives the majority of national wealth. By stepping into a […]

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Precious metals face near-term pressure from oil-driven inflation risks – Saxo Bank

News Desk 28/04/2026

The precious metals market has spent the past several months undergoing a sharp reset. Following an explosive rally that took gold, and not least silver, to fresh record highs, both metals have since corrected – not because their long-term fundamentals have materially weakened, but because the macro backdrop has shifted abruptly in the wake of […]