Copper, silver and platinum have surged to the top of the commodities leaderboard as the US critical minerals agenda pulls material toward the US, triggering a reshaping of global trade flows and raising concerns about shortfalls elsewhere in markets already defined by tight fundamentals and
Saxo Bank
Saxo, the leader in online trading and investment, announced its annual Outrageous Predictions for 2026 today. The future almost never arrives in straight lines. Whether it’s technology, culture, or politics, changes and evolution often come slowly from year to year. But then, suddenly, there is a lurch. Saxo’s outrageous predictions live in those lurches. They are not
It’s never been easier, or trendier, for young people to enter the stock market. In Denmark, one in four adults over the age of 22 is now investing, demonstrating a shift towards younger people becoming more financially aware. The same trend is visible in the Middle East, where rising disposable income, proliferation of digital platforms, […]
A visible rotation: Healthcare outperforms while tech pauses Over the past month, the S&P 500 Healthcare Index gained roughly 8+%, outperforming every major sector, while the S&P 500 Information Technology Index fell by approximately 3-4%. Eli Lilly, Cardinal Health, Regeneron, Biogen, and Merck were among the strongest contributors, with several delivering
“Some of the private data (ADP payrolls) suggests a deceleration in the labor market and up-to-date weekly data on continuing claims suggests that those out of work are having a hard time finding work, while there is widespread evidence of credit stress for many Americans (delinquencies on credit card and auto debt). The government shutdown […]
Macro headlines Federal Reserve Governor Christopher Waller backs a December interest‑rate cut amid labour‑market concerns and expects a meeting‑by‑meeting approach from January, while futures put the odds at about 70% for the 9–10 December meeting. San Francisco Fed President Mary Daly backs cutting rates next month amid a deteriorating labour market she sees as […]
AI’s reality check: Why investors want proof, not promises In our view, AI remains one of the most powerful forces reshaping markets, but the tone is changing. Strong earnings from leading chipmakers e.g., Nvidia’s Q3 FY2026 revenue grew 62% YoY (Source: Nvidia Investor Relations) reassure investors that demand is real, yet the sharp swings […]
Commodities are turning in one of their strongest weeks of the year, in the process outperforming equities, bonds, crypto and most alternative assets. The reopening of the US government sets a flood of delayed economic data in motion while Fed speakers rein in expectations for near-term rate cuts, pressuring tech and growth assets. Precious metals […]
Crude prices tumbled on Wednesday after OPEC’s latest monthly report flipped its third-quarter projection from a 400,000-barrel daily deficit to a 500,000-barrel surplus. The revision—alongside forecasts from other agencies showing a larger surplus into 2026—was widely read as confirmation that the long-anticipated oversupply has arrived. The International Energy Agency in
The US dollar rally has steadied after recent gains, with EURUSD rebounding from 1.1469 to 1.1552 before the greenback found support. The 1.1550–1.1575 range remains key resistance, while USDJPY holds near 153.50 after rejecting a brief dip to 152.82. Despite softer risk sentiment, FX volatility remains low, with USDJPY one-month vols near 18-month lows, suggesting […]
Over 80% of respondents surveyed in the MENA region are shaping their strategies around US political policies and artificial intelligence, signalling a heightened awareness of global developments. The top two leading factors shaping investment decisions this quarter are President Trump’s policies, cited by 83% of respondents, followed closely by AI at 79%. These findings
The risk of correction in gold and silver has been steadily rising in recent days, though exceptionally strong pre-Diwali demand helped support prices. However, a very technical extended rally combined with renewed “risk-on” tone across stock markets, a firmer dollar and not least the start of Diwali—which typically signals softer physical demand from Asia—have made […]
The three-week U.S. government shutdown has left commodity traders without one of their most valuable tools — the weekly Commitment of Traders (COT) report from the Commodity Futures Trading Commission (CFTC). For a market that thrives on transparency, the absence of positioning data has created an unusual vacuum. The last report, dated September 23, offered […]
Gold and silver ended last week on a softer note after notching fresh record highs earlier in the week. The setback came as risk appetite improved across broader markets, particularly in the United States where a brief flare-up in regional banking stress faded as quickly as it appeared. Gold reached a new milestone at USD […]
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Gold’s breakout above USD 4,000 and silver’s return to levels unseen since 1980 have once again placed monetary debasement at the heart of the commodity narrative. The word, once confined to history books, has re-emerged in market vocabulary as faith in fiat currencies erodes under the weight of chronic deficits, politicised monetary policy, and falling […]
Today, Saxo, the leading online trading and investment company, has released its quarterly outlook for Q4 2025, focused on the rapidly evolving global economic and market landscape. The outlook is divided into two key perspectives: an investor outlook and a trader outlook, each highlighting significant themes and potential risks for the upcoming quarter.
“Gold trades sharply lower after reaching another record high overnight. The nervously anticipated correction appears underway, triggered by end-of-month profit-taking and the onset of China’s Golden Week holiday, which typically removes a major source of physical demand from the market. The metal has rallied nearly 15% since Jackson Hole, supported by lower
Forex The latest reporting week captured the market’s response to the resumption of US rate cuts, a well-anticipated move that left the dollar index up around 0.6% as of last Tuesday. All eight IMM futures tracked in this update traded lower, led by weakness in NZD, AUD and GBP. However, speculators used the pullback to […]
Copper rallied strongly on Wednesday with LME futures breaking above key resistance, with recent developments once again highlighting a combination of robust demand, underpinned by structural shifts in energy and technology, set against supply disruptions from some of the world’s largest mines. This has underpinned copper prices and supported a surge in mining equities,



















