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  • Article / Yesterday at 15:00 GMT

    Crude hits a sweet spot while gold looks for support

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Crude hits a sweet spot while gold looks for support
    WTI and Brent crude oil increasingly seem to have found a sweet spot and are struggling to break away from current prices. In WTI crude oil this level is $60, while for Brent crude it is five dollars higher. The stronger dollar this week, meanwhile, is hitting gold prices.
    Read the article
  • Article / Yesterday at 9:50 GMT

    Daily Shot: Chinese stocks tumble

    TradingFloor.com Team / Saxo Bank
    Denmark
    Daily Shot: Chinese stocks tumble
    Yesterday stocks in Shanghai finally fell after a larger long upswing. Crude oil supply is still to large for prices to increase. In the Eurozone we can clearly see how the uncertainty of stalled negotiations with the creditors is eroding the recent gains in Greek business confidence. But outside of the political risks, the Eurozone economy continues to improve.
    Read the article
  • Editor’s Picks / Thursday at 14:23 GMT

    'Hands up' Fifa! The sheriff's in town

    Bloomberg
    The finance world and football don't often collide but perhaps they should — after all, this is a multi-billion dollar business and no single event can quite live up to the World Cup, including the Olympics. So when Swiss police arrested seven officials Wednesday for extradition to the US as part of an investigation that stretches back to the controversial decisions to grant Russia and Qatar the next world cups in 2018 and 2022 respectively, the implications are enormous. World Cup sponsors like McDonald's and Visa have already voiced their concern, but, asks Noah Feldman, why is the US getting involved in the first place for a sport it feels no great love or affinity for? And might this be just the kind of "extraterritorial imperialism" on the part of the US that irritates so much of the globe?
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    1d
    JulieDeiy JulieDeiy
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  • Saxo TV / Thursday at 9:50 GMT

    Hansen: Why I'm not calling it an oil rally, yet

    Ole Hansen
    Ole Hansen, Saxo Bank's Head of Commodity Strategy, was shocked by the meteoric decline in oil over the past year, as were most analysts. Prices have since stabilised around USD 60 from the January 2015 low of USD 44.80. Ole isn't convinced that the recent rebound constitutes a rally as three risk factors remain: ISS militants in the Middle East, global oversupplies, and inflated bullish demand expectations.
    watch video
  • Article / Wednesday at 23:32 GMT

    Opec set to back Saudi plan for high supply

    Managing Partner / Spotlight Group
    United Kingdom
    Opec set to back Saudi plan for high supply
    At next week's Opec meeting, Saudi Arabia will argue that the organisation should keep up production – and it has a strong case. While there may be pockets of resistance at the June 5 meeting, it is expected that Opec will maintain its daily production target of 30 million barrels.
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    1d
    vanita vanita
    Sir Stephen,
    Sir I have buy coffee at 138.
    And I made average at 134..
    I m still holding .
    What's ur advice I should hold or square off the position...
    Take...
    1d
    Stephen Pope Stephen Pope
    Dear Vanita,
    Coffee is proving to be quite capricious at the moment and as such I am trying to ride this dip out and hold my long. My...
    1d
    vanita vanita
    Thanxs Steve