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  • Article / Yesterday at 14:55 GMT

    Is the UK gilt vulnerable?

    Owner / Seven Days Ahead
    United Kingdom
    There are many delicately poised factors at work in the government bond markets and the UK gilt market in particular, and their net effect is far from clear. The least predictable of these, as ever, is the price of oil and the politics of the Middle East. They could yet be the decisive factor once again.
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  • Article / 14 May 2015 at 16:59 GMT

    Is the oil rally a new bull market or a correction?

    Owner / Seven Days Ahead
    United Kingdom
    Is the oil rally a new bull market or a correction?
    We judge the current rally has a little further to go but our expectation is that this is a correction in a bear market, not a new bull run.

    We expect prices to revisit the February lows when the market turns, driven by in large part by Iran re-entering the oil market and US oil fracking companies finding new ways of driving down production costs.
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    14 May
    ozy ozy
    can you say the market has turned for WTI?
    15 May
    Mark Sturdy Mark Sturdy
    The WTI can rally further for sure, but as it does so, will be subject to the same bear influences that we are talking about. This rally...
  • 13 May
    mishco mishco
    1.1930 in dangerous?
    13 May
    Michael O'Neill Michael O'Neill
    I really think so. The intraday USDCAD technicals are bearish while trading below 1.2040 with today’s break of support at 1.1970 fueling the losses. The bounce...
    13 May
    mishco mishco
    totally agree
  • Editor’s Picks / 08 May 2015 at 0:04 GMT

    Oil? No, Iran wants to shake up the pistachio market

    Kansas City Star
    Iran is ready to return to the global commodities market, flooding it with fresh supplies and risking a slump in prices. Oil? Possibly, but there’s a second industry that could be even more disrupted by a nuclear pact between Iran and the West: pistachio nuts. Iran has far more clout in the market for cocktail nibbles than it does in crude trading. It ranks as only the world’s seventh-largest oil producer, but the Middle Eastern country competes with the US to be the biggest pistachio grower. As with oil, Iranian sales of pistachios to the U.S. and Europe have been hampered by sanctions. As the talks between Washington and Tehran to resolve the decade-long nuclear dispute head toward the June 30 deadline for a final agreement, traders are predicting lower prices. The biggest losers may be California farmers who have doubled pistachio acreage over the past 10 years despite drought conditions.
    Read article on Kansas City Star
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  • Editor’s Picks / 24 April 2015 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.
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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.
    watch video
  • 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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