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  • Editor’s Picks / Friday at 1:54 GMT

    Commodities may have hit bottom, but no sharp recovery likely

    The Sydney Morning Herald
    A chorus of market watchers say the price of key commodities such as oil and iron ore may be close to their nadir in the cycle. Mihir Worah, CIO for real return and asset allocation at global bond fund manager PIMCO, says a supply shake-out forced by sharp price declines has put supply and demand closer to equilibrium. Commodity prices won't go down from here, he says. However market watchers point to the risk that producers will step in with new capacity prematurely. Meanwhile Worah says the price of oil over the next few years will depend largely on whether the US and its allies lift sanctions against Iran.
    Read article on The Sydney Morning Herald
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  • Editor’s Picks / 17 April 2015 at 4:37 GMT

    Islamic State, security forces clash in Iraq's largest refinery

    Islamic State militants clashed with security forces inside Iraq's largest refinery on Thursday and held on to recent gains in the west of the country, as Prime Minister Haider al-Abadi said the extremist group remained "very, very dangerous". The insurgents suffered a major defeat this month when Iraqi troops and Shi'ite paramilitaries routed them from the city of Tikrit, but are now striking back at Baiji refinery and in the western province of Anbar. Baiji was attacked several days ago by the militants, who blasted their way through the perimeter and took control of several installations. They have managed to hold those parts of Baiji. A source said an Iraqi army battalion had arrived to help defend the refinery on Thursday, and the militants had not been able to take any major infrastructure. The top U.S. military officer, General Martin Dempsey, told reporters "the refinery itself is at no risk right now."
    Read article on Reuters
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  • Saxo TV / 13 April 2015 at 12:18 GMT

    #SaxoStrats – Selling WTI

    Ole Hansen
    Saxo Bank’s Head of Commodity Strategy Ole Hansen is looking to sell WTI at the top of its current trading range. He says oversupply in the market will continue to put downward pressure on prices.
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  • 12 April
    LeTaulier_Lmi LeTaulier_Lmi
    Does is really make a difference if the cash comes from olive oil exportations, German tourists, China or Russia. Cash is cash.
  • Article / 10 April 2015 at 15:00 GMT

    WCU: Oil recovery capped as gold strikes back

    Head of Commodity Strategy / Saxo Bank
    WCU: Oil recovery capped as gold strikes back
    Commodities were lower for the first week in four as losses in the agriculture sector, led by grains, more than offset gains made in energy. Crude oil posted another weekly gain as the price stood up to another barrage of supply news, both from Opec and the US. Gold put up a strong performance despite dollar headwinds as short positions were covered.
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  • Editor’s Picks / 10 April 2015 at 6:15 GMT

    Iran says drop all sanctions after the nuclear deal

    Iranian Supreme Leader Ayatollah Ali Khamenei on Thursday demanded that all sanctions on Iran be lifted at the same time as any final agreement with world powers on curbing Tehran's nuclear program is concluded. Khamenei, the Islamic Republic's most powerful figure and who has the last say on all state matters, was making his first comments on the interim deal reached last week in the Swiss city of Lausanne. He repeated his faith in President Hassan Rouhani's negotiating team. But in remarks apparently meant to keep hardline loyalists on side, he warned about the "devilish" intentions of the United States. "I neither support nor oppose the deal. Everything is in the details, it may be that the deceptive other side wants to restrict us in the details," Khamenei said in a speech broadcast live on state television.
    Read article on Reuters
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  • Editor’s Picks / 08 April 2015 at 12:07 GMT

    Why Russia will be the loser of the US-Iran deal

    The US and Iran may have entered negotiations to resolve their differences, but Moscow is not to be found among those cheering. According to MarketWatch's Reva Bhalla, the likelihood of an agreement "means that additional barrels of Iranian oil eventually will make their way to the market, further depressing the price of oil, as well as the Russian rouble". Also weighing on Russian strategists is Moscow's loss of influence in the Middle East. In fact, Russian deputy foreign minister Sergei Ryabkov has made a point of stating that the UN arms embargo against Iran should be lifted as part of the nuclear deal, thus freeing Russia to sell weapons to Tehran. Essentially, concludes Bhalla, "Russia’s options are narrowing, U.S. options are multiplying in both the Middle East and Europe", and the Iranian talks are part of that process.
    Read article on MarketWatch
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  • Article / 07 April 2015 at 9:30 GMT

    Daily Shot: Let's take a REIT Team / Saxo Bank
    Daily Shot: Let's take a REIT
    Chinese stocks continue to rally, also REIT showed an impressive total return over the last year. But not all national economies are doing well. While Spain is picking up, Brazil and Russia are facing challenges.
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  • Editor’s Picks / 07 April 2015 at 9:04 GMT

    The other side of Iran

    Spiegel Online International
    Say "Islamic Republic of Iran" and people instantly will think about dictatorship, censorship and plans to build a nuclear bomb. Certainly, Iran's image is not the best. Taking a closer look at the country, its government and its people Der Spiegel reports about liberal tendencies in the country and states that Iran's government cabinet is home to more ministers with doctorates from American universities than Barack Obama's administration. "With the exception of Israel, there is unlikely any other country in the Middle East where pro-Western sentiment is as pronounced as it is in Iran," Erich Follath writes in his essay. While the country's population still lacks basic human rights and the Revolutionary Guard "has become something of a state within a state" one should not neglect positive tendencies within Iran.
    Read article on Spiegel Online International
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    07 April
    Clemens Bomsdorf Clemens Bomsdorf
    Worth noticing: The exhibition with works of late Otto Piene, the German avant-garde artist and co-founder of ZERO, is a hit in Tehran's art museum, writes Handelsblatt...