Saxo Bank

NEWS DESK

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

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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 […]

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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.

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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 […]

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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

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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 […]

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Asia in the AI age: Why investors may need to rethink tech exposure beyond the US- Saxo Bank

News Desk 27/04/2026

The new Asia trade: less about cheap markets, more about AI scarcity Asian stocks cannot escape short-term volatility from Middle East-related headlines. Higher oil prices, shipping disruption risks, and geopolitical shocks still matter, especially for energy-importing economies. But for now, the bigger force in markets appears to be FOMO around AI, not war angst.  

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Commodities Weekly: From fuel shortages to food risks as Hormuz remains shut – Saxo Bank

News Desk 25/04/2026

The Bloomberg Commodity Total Return Index is heading for another strong weekly gain, rising around 4% and lifting its year-to-date advance to 25%. As has been the case since the escalation of the Middle East conflict, energy remains the dominant driver, but the composition of gains continues to evolve. While crude oil prices have extended […]

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Crude: Severe supply disruption meets rising demand destruction as Hormuz closure persists – Saxo Bank

News Desk 22/04/2026

Oil prices continue to whipsaw, but with Brent holding below USD 100 after Trump extended the ceasefire with Iran, even as peace talks remain on hold due to Tehran’s refusal to negotiate while the US maintains its naval blockade, which may force Tehran to curb production within 15 days, according to JPM. The result is […]

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COT update: Dollar demand surges while crowded longs left crude exposed to correction – Saxo Bank

News Desk 13/04/2026

Forex:   The latest report showed a 53% jump in gross USD longs versus eight IMM futures to $17.5 billion – a 14-month high – up from a $19 billion short just before the Middle East conflict began, highlighting a sharp shift into the most liquid safe-haven asset. This buying occurred despite a small net […]

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Commodities weekly: Energy slumps, but physical oil stress keeps the market on edge – Saxo Bank

News Desk 12/04/2026

The Bloomberg Commodity Index (BCOM) is heading for a weekly loss of around 3.6%, marking a notable pause following an extended rally that has left the index still up some 22% year-to-date. Beneath the headline decline, however, the picture is far from uniform. The setback has been overwhelmingly driven by a sharp correction in the […]

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Gold correction meets macro reset as ceasefire reverses key headwinds – Saxo Bank

News Desk 09/04/2026

Gold’s recent correction has challenged the widely held perception of bullion as a reliable safe haven during times of geopolitical stress. However, the latest price action should not be mistaken for a structural shift. Instead, it reflects a combination of macro headwinds and positioning dynamics following an extended rally.   At the core of the […]

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More than 60% of MENA Investors Bet Big on Japan Amid Global Market Caution

News Desk 02/04/2026

Investors around the world are maintaining a cautiously optimistic outlook for the next six months, with the strongest confidence directed towards Japan’s equity market, according to Saxo, the leader in online trading and investment, and its latest Investor Forecast Q1 2026. The survey* gathered more than 1,600 responses across ten markets and asked clients how […]

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UAE Business Leaders Back Dubai’s Dh1 Billion Support Package as Catalyst for Investor Confidence

News Desk 31/03/2026

Ahead of the recent announcement of the Dh1 billion support package by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, UAE business leaders have shared their perspectives on what the initiative could mean for Dubai’s business landscape and overall investor confidence. Hamza Dweik, Head of Trading (MENA), Saxo Bank “Sheikh Hamdan’s announcement of the new business

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COT update: dollar buying eases; grains in demand; metals slump attracts muted response – Saxo Bank

News Desk 31/03/2026

Forex:   The Middle East conflict continued to underpin the dollar, albeit at a slower pace in the latest reporting week to last Tuesday, 24 March. While positioning flows turned more mixed and less one-sided, the gross dollar long versus eight IMM futures still rose to USD 7.53 billion, the highest level since early December. […]