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Views on Commodities
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  • Squawk / 1 hour ago
    commoditymarket2008 commoditymarket2008
    Technical Analsyt / commoditymarket2008 Advisory Services
    India
    SPOT GOLD HAS RESISTANCE 1288, HOLD ABOVE THEN 1296-1304 POSSIBLE & HAS SUPPORT 1280, HOLD BELOW THEN 1272-1266 POSSIBLE
    Read the Squawk
  • Editor’s Picks / 1 hour ago

    E-trading pulls gold into forex units as commodity desks shrink

    Reuters
    The increasing use of technology on financial trading floors is driving a trend for banks to roll precious metals operations into their forex businesses as a separate unit from other commodities activities.
    Barclays on Tuesday followed similar moves by rivals Deutsche Bank, UBS, JPMorgan Chase & Co and Morgan Stanley by announcing that it would keep its gold trading business while hiving off most of its global commodities operations.
    The consolidation of interbank gold dealing and foreign exchange trading on electronic platforms is making it increasingly easy for forex traders to execute precious metals deals, allowing banks to ease cost pressures by moving the asset classes into a single business unit.
    Read article on Reuters Go to post
  • Article / Yesterday at 15:31 GMT

    Commodity re-cap: April 22

    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Commodity re-cap: April 22 Read the article
    15h
    kirand kirand
    sir, what are your thoughts on crude oil?
  • Squawk / Yesterday at 14:00 GMT
    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    WTI Crude oil under some relative price pressure today ahead of inventory data later this week which is expected to show another rise in US inventories. The crisis in Ukraine and the risk of escalating tensions between Russia and the West has interestingly triggered some speculation that Russia may not be in such a strong position despite their huge crude exports. JPM has been speculating how the US with its huge and currently by law non-exportable oil reserves could flood the market with oil if Russia should cut of supplies to the West. The bank in their analysis compares the situation with Saudi Arabia back in 1986 when they increased production rapidly and drove down the price in order to punish Russia over its war against Afghanistan. Should the US decide to deploy the same oil tactic they could see the price of prompt crude fall as low as 75 USD/barrel and this would seriously hurt Russia once again.
    Read the Squawk
  • Saxo TV / Yesterday at 12:35 GMT

    The Brent benchmark backlash

    Ole Hansen
    Brent Oil is used as the benchmark for more than half of all global transactions but only a bit more than one percent originates from the four production sites which make up the benchmark.
    See the video
    18h
    Ole Hansen Ole Hansen
    Correction: I mentioned half a billion contracts of Brent Crude traded daily instead of barrels of oil which is the correct measure.
  • Squawk / Yesterday at 10:41 GMT
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    Dutch housing prices dropped 0.3% m/m in March following a flat reading in February. The annual change in house prices was -2.1% vs. -1.7% a month earlier. Despite the decline in March, there are signs of stabilisation following a couple of years of large declines in house prices. Having said that, house prices also appeared to stabilise in late 2010 / early 2011.
    Read the Squawk
    19h
    fxtime fxtime
    Interesting chart...do you have any data on the gearing ratio between average dutch annual income to house purchase price? House price consildation ( and booms) start...
    19h
    Mads Koefoed Mads Koefoed
    I don't have access those series, but Standard & Poor's did a piece from mid-2013 which has some charts (page 15). S&P notes that:

    "The price-to-rent ratio was...
    19h
    fxtime fxtime
    Demand is ever present but as you say supply side is the crux for a steady increase in valuations. Thx for the additional charts.
  • 17h
    kirand kirand
    hi what are your thoughts on spx-500 and dow-30 thanks