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Calendar event / 1 hour agopreviousforecastactualMed Crude Stocks, Net Chg (Bbls)+2.3M-1.866MMed Gasoline Stocks, Net Chg (Bbls)+1.299MMed Distillate Stocks, Net Chg (Bbls)+4.306M
Article / 9 hours ago
Economics trumps politics in FXToday we look at the major events of the week, namely the Q2 GDP releases for the US and UK and the FOMC meeting, and share our expectations for the events and implications for currency markets.Read the article
Saxo TV / 10 hours ago
Explained: The rouble crisis as USDRUB hits 60Nadia KazakovaUSDRUB hit 60 on Tuesday and Russia expert, Nadia Kazakova predicts more pain ahead.
Article / 10 hours ago
Daily Shot: Blame pigs for China's woes!After Chinese stocks took a very bad tumble on Monday (and a milder one Tuesday), conspiracy theorists are blaming 'foreigners' for the country's ills. A more pragmatic (though still hardly credible) explanation would be a sharp rise in the price of pork.Read the article
Trade view / 13 hours agoDay trade
Update: Profit taken on WTI tradeOil keeps falling, making yesterday's day trade in WTI profitable.Read the Trade View
Article / 13 hours ago
From the Floor: The sick man of ShanghaiToday's Asian session saw the Shanghai Composite continue to saw at the wheel, with Saxo Bank fixed income head Simon Fasdal stating that more intervention from Beijing is likely on the cards.Read the article
Saxo TV / 14 hours ago
Lucas: Why I'm buying AUDJPYSteve LucasSteve Lucas, from 3C Analysis, is looking to buy AUDJPY this Tuesday and here he explains why.
Editor’s Picks / 14 hours ago
BP profit drops 64% as oil price slump takes its tollBloombergBP said Q2 profit tumbled 64% as crude prices slumped. Profit adjusted for one-time items and inventory changes dropped to $1.3 billion from $3.6 billion a year earlier, the London-based company said in a statement. That missed the $1.7 billion average estimate of 17 analysts surveyed by Bloomberg. CEO Bob Dudley is bracing Europe’s third-biggest oil producer for a longer period of low prices by slashing spending, reviewing projects and selling assets. Brent crude, a benchmark for more than half the world’s oil, has dropped about 50% in the past year. That’s eroded value and forced companies to reduce investment in high-cost projects. It has also put investors on guard for a steep decline in profitability. Royal Dutch Shell, Total, Exxon Mobil and Chevron are all scheduled to report second-quarter earnings this week. Lower prices are making it cheaper for refineries to buy their basic raw material - crude oil.Read article on Bloomberg
Article / 15 hours ago
Saxo Trade Navigator: Tuesday July 28July 28, 2015: The Saxo Trade Navigator provides you with daily technical insight into a wide array of major instruments, ranging from FX to equities, commodities and bonds. With a host of various technical indicators such as pivot points, RSI and moving averages, the Saxo Trade Navigator can be used to spot daily trade ideas.Read the article
Squawk / 15 hours agoGold Future ($GC_F) Bear Trend Poised to Re-Energize
Despite the rebound effort, firm barriers remain intact and untested at 1105/1109 (as we expected), to leave the risks for a roll back lower on Tuesday to reinforce the Friday plunge.
Moreover, the plunge lower last week and and previous July losses with violations of long term supports at 1111 and 1100 leaves risk to still further long term support targets into latter July/ early August.
We see a downside bias for 1087; break here aims for key 1076/72.
But above 1105/09 opens risk up to 1118, which we would look to cap.
Short/ Intermediate-term Outlook - Downside Risks:
We now see a more negative tone with the bearish threat through 1080.
Below here targets 1045 and 1000.
What Changes This? Above 1188 signals a neutral tone, only shifting positive above 1204.5.
View the full Gold future report with screencasts, levels and more here http://ow.ly/Qa7Jn
See all our other reports here http://ow.ly/Hjazo