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  • Article / Wednesday at 1:18 GMT

    Today's Trade: Energy stocks give S&P/ASX200 an opening boost

    Trading Desk / Saxo Capital Markets
    Australia
    Today's Trade: Energy stocks give S&P/ASX200 an opening boost
    The S&P/ASX200 has moved into positive territory, boosted by energy stocks. Unless we see a clear breakout and daily close below 5,200, this upside momentum is expected to persist. In forex markets, the resilient AUDUSD has held above the 0.77 handle, and it could even jump above 0.78 if CPI data beats expectations.
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  • Squawk / Tuesday at 17:51 GMT
    Growth Advisor
    Portugal
    #MT:xams #ArcelorMittal is back on investors radar #SaxoStrats
    The tide must surely have turned. In October #SaxoStrats: ArcelorMittal weak as steel was a #great call. When panic hit the sector in the first quarter the stock traded down to 2.0348 on the 11th of February. Mittal’s fortune has plummeted. Africa seems to be a lost story again as the commodity collapse is unveiling the inefficient allocation of the money from the commodity boom. Analysts are seemingly showing their love of the stock. Average price targets are nearer to the 5.50 and as we known when investors start running the stock will rise with the speed that it fell. From current levels it would not be unreasonable to see a rise of 25pct and then maybe 50pct. It’s a volatile stock so any exposure should be kept within reason so as to enjoy the ride.
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  • Article / Tuesday at 2:06 GMT

    Morning Report APAC: JPY rises again as Asian shares slip

    APAC Sales Trading Desk / Saxo Capital Markets
    Singapore
    Morning Report APAC: JPY rises again as Asian shares slip
    Asian equities have moved into their third day of losses in early trading with Japanese shares at the head of the dip. Meanwhile the JPY is moving up in anticipation of the Bank of Japan meeting in Tokyo and the Federal Reserve's in Washington. Crude oil resumed gains in early trading while industrial metals fell.
    Read the article
  • Article / Monday at 8:00 GMT

    COT: Commodity bets surge on broad-based buying interest

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Another strong week for commodities attracted continued buying from hedge funds. The positioning of 12 major commodities jumped by 43% to 782,000 lots, a far cry from the net-short of 142,000 lots seen just 3-months ago. The net-longs in silver and WTI crude oil hit a new record and an 11 month high respectively.
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    5d
    Ole Hansen Ole Hansen
    The ICE Europe Exchange has just released its weekly COT data on Brent Crude oil. The net-long increased by 4% to a new record of 418,000...
    5d
    Nickolya Nickolya
    I noticed, according to statistics, after the maximum should be a sudden correction
  • Editor’s Picks / 19 April 2016 at 22:11 GMT

    Australian dollar bursts through 0.78 on commodities rally

    The Sydney Morning Herald
    The Australian dollar burst through 0.78 early on Wednesday morning, after commodities rocketed higher, the US dollar weakened and Reserve Bank governor Glenn Stevens avoided "jawboning" the dollar lower. The Aussie received support from a strong commodities rally overnight. Crude oil climbed 1.2% to $43.44/barrel in London, following a 7% slide on Monday after the world's biggest producers failed to establish a production freeze amid a global oil glut. But it wasn't just an oil push. Iron ore extended its rally about $60 a tonne as demand from China increased. Australia's largest export surged 4.1% overnight, taking this year's gain to 44%.
    Read article on The Sydney Morning Herald
    Go to post
    19 April
    Patto Patto
    the link for this story is only available to people who subscribe to the newspaper. Waste of time posting it............Best to stick with your own content on...
    20 April
    Robert Ryan Robert Ryan
    Good point, Patto, but the point of these Editor's Picks is tpo highlight content from other sites. We'll stick to non-subscriber sites.