Saxo Bank

NEWS DESK

COT Report: Hedge funds return to gold; elevated grains short ahead of key season – Saxo Bank

PR News Desk 26/05/2025

Commodities The latest COT reporting week to 20 May captured the aftermath of the announced 90-day US–China trade truce, which included a temporary reduction in tariffs. While the news supported additional gains across global stock markets and renewed USD weakness, the commodities sector traded

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As gold pauses, is platinum ready to shine for investors? – Saxo Bank

PR News Desk 21/05/2025

In a recent update, we touched base on platinum, an almost forgotten semi-industrial metal that, for years now, has been struggling for momentum, in the process being boxed into a tightening range, which sooner or later will yield a breakout. Platinum, primarily mined in South Africa while attracting most of its demand from the production […]

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Fed Meeting Expectations Comment: Charu Chanana, Saxo Bank

PR News Desk 06/05/2025

Ahead of the Fed meeting today, Charu Chanana, Chief Investment Strategist, Saxo Bank, has shared her comments on the expectations for the meeting. Please find the comment below.  “The Fed meeting is almost a sideshow at this point—tariff headlines are doing more to drive market direction. And that means the tactical risk-reward could still be tilted to

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A secular decline in the USD, if with annoying headline risks – Saxo Bank

PR News Desk 22/04/2025

US President Trump has been out lashing out at “Mr. Too Late” Fed Chair Powell to cut rates, which triggered a fresh slide in the US dollar. It is all feeling like a bit too much in the near term, and it is worth noting that, while the US dollar did fall and US long […]

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Potential Impact of New Tariffs being Imposed by Donald Trump on the UAE and GCC – Saxo Bank

PR News Desk 02/04/2025

Hamza Dweik, Head of Trading and Pricing (MENA), Saxo Bank“The imposition of tariffs has the potential to significantly impact the UAE and GCC countries, even if they’re not directly targeted. Given their reliance on oil exports, any global economic slowdown triggered by these tariffs could lead to a drop in oil prices, straining their economies.

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J. Safra Sarasin Group, a Global Leader in Private Banking and Wealth Management, to Acquire a Majority Stake in Saxo Bank, a Leading International FinTech Bank for Investors, Traders, and Institutional (BaaS) partners

PR News Desk 10/03/2025

J. Safra Sarasin Group and Saxo Bank announce today the signing of a strategic acquisitionby J. Safra Sarasin of approximately 70% of Saxo Bank, previously held by Geely FinancialsDenmark A/S, a subsidiary of Zhejiang Geely Holding Group Co. Ltd, and Mandatum Group.This transaction highlights J. Safra Sarasin Group’s strategy of undertaking acquisitions ininnovative and

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COT report: Broad retreat sees WTI longs slump to 15-year low

PR News Desk 04/03/2025

Commodities: Broad selling emerged across the commodities sector in the reporting period to 25 February, a week that, following a period of solid gains, saw the Bloomberg Commodity Index give back almost 2%. All sectors traded lower, with the agriculture sector particularly hard hit, while also the energy, precious, and industrial metal sectors were left […]

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Saxo Bank Reports Record-Breaking 287% Profit Surge in 2024 Results

PR News Desk 03/03/2025

The Saxo Bank Group announces its financial results for 2024, achieving the best results in the company’s history. The Group reported a net profit of USD 146 million for 2024, compared to a net profit of USD 38 million for 2023, corresponding to an increase of 287%. The adjusted net profit for 2024 ended at […]

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Oil prices jump as Trump announces tariffs on top crude suppliers, while gold falls due to a stronger dollar – Saxo Bank MENA

PR News Desk 28/02/2025

Commodities: Equities: Macro: FX: Fixed income: 

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Is this a US dollar break-down or a head-fake? – Saxo Bank

PR News Desk 18/02/2025

The US dollar has broken lower in places, but will the move have legs or just prove the latest red herring for trend followers? USDJPY bears at least have some fresh support from the reversal in US treasury yields. The weak USD – is this the beginning of a breakdown? It is too early to […]

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Gold Retreats from Record Highs, Silver Sees Volatility, and Crude Oil Holds Near Lows – Saxo Bank

PR News Desk 17/02/2025

Macro data and headlines Commodities ·         Gold suffered a sharp correction Friday after testing the all-time highs of 2,942, dropping back as far as 2,877 Friday, but rebounding back above 2,900 into this morning ·         Silver pumped and dumped Friday, clearing a critical resistance

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Saxo Bank Q1 2025 Quarterly Outlook: Trump 2.0 – Can the US have its cake and eat it, too?

PR News Desk 15/01/2025

President-elect Donald J. Trump will hit the ground running after his January 20 inauguration as he has promised a blitz of newinitiatives and policy announcements from day one. Global markets will spend the first quarter of 2025 in reaction mode, evenwell before the impacts and knock-on effects of the Trump agenda are known. And many […]

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FX Update: Trump tariff headlines roil markets – Saxo Bank MENA

PR News Desk 07/01/2025

Summary: The USD is all over the map today on a story that Trump will dial back his broad-based approach on tariffs, which Trump later specifically denied. Chart: USDCNH The critical exchange rate for the world this year may be USDCNH as we await how the US-China relationship takes shape in the wake of Trump’s […]

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Investors cash in: Gold and silver see year-end profit-taking

PR News Desk 17/12/2024

Gold and silver investors increasingly turn defensive ahead of year-end as they seek to protect and lock in gains following a very strong year. This year has seen gold’s record-breaking rally deliver the best annual return since 2010, while silver has managed to keep up with gold, reaching a 12-year high during the October run-up […]

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Fed Preview: Rate Cut on Deck, But With 2025 Caution – Saxo Bank MENA

PR News Desk 16/12/2024

The Federal Reserve is widely expected to deliver a 25 basis points (bps) rate cut this week, reducing the target range for the federal funds rate to 4.25-4.50%. With the Fed’s moves becoming more data-driven, investors will pay close attention to the tone of Chair Powell’s post-meeting remarks and the updated Summary of Economic Projections […]

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Saxo launches its 2025 Outrageous Predictions

PR News Desk 06/12/2024

Saxo, the leader in online trading and investment, announced its annual Outrageous Predictions for 2025 today. Our annual Outrageous Predictions is a series of events that, while highly unlikely, could just happen. If they did, they would send shockwaves across financial markets. They are not our official forecast but are meant to spark discussions and challenge […]

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US Elections Aftermath: Trump 2.0 is here, what now? – Saxo Bank

PR News Desk 13/11/2024

The US election is over, and it has proved that the pollsters once again were disastrously wrong. The mid-to-late October betting odds predicting a strong Trump victory are remarkably right. The result is a shock as many, including this author, were misled by sudden changes in Harris’ winning odds just ahead of the election. And […]

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US Election Countdown: The many ways the election could yet shock markets – Saxo Bank MENA

PR News Desk 03/11/2024

This week: The many ways the election could yet shock markets. The inexorable tightening in the US election polls has continued as Harris’ lead versus Trump has narrowed to the narrowest margin since early August. Many believe from the faulty polling in the 2016 and 2020 elections that the polls always underestimate Trump’s chance of […]

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Crude length cut ahead of Israeli strike; silver and platinum see strong demand  – Saxo Bank

PR News Desk 30/10/2024

Commodities: In the latest reporting week, the Bloomberg Commodity Index rallied 1.8%, thereby fully recouping losses in the previous week. All sectors except softs saw higher prices, led by precious metals, where all metals saw demand amid haven demand ahead of the US elections, with silver jumping more than 10% after breaking resistance-now-support at USD […]

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How high can gold and silver rally? – Saxo Bank MENA

PR News Desk 16/10/2024

Gold’s record-breaking rally continues, and following another shallow mid-month correction that saw buyers return ahead of USD 2,600, spot bullion has returned to trade just below the USD 2,685 record reached last month. The precious metal market has witnessed an unprecedented strong uptrend this past year, with gold and silver both trading up close to […]