Video

Playlist: Brent Crude Spreads Jul-19 Aug-19

Show less
57:08
Commodities Update webinar — #SaxoStrats
Ole Hansen
25 May 2018 at 14:18 GMT
2:17
Trading WTI oil following Syrian air strikes — #SaxoStrats
Kay Van-Petersen
16 April 2018 at 8:25 GMT
11:00
From the Floor: Dollar sharply lower after FOMC
#SaxoStrats
22 March 2018 at 8:47 GMT
12:46
From the Floor: Expectations at a high ahead of FOMC
#SaxoStrats
21 March 2018 at 8:29 GMT
Video / 29 June 2018 at 7:37 GMT

From the Floor: Oil, energy sector post strong quarter — #SaxoStrats

#SaxoStrats
   • Euro rises on migration deal
   • Oil prices post fourth quarterly rise
   • Safe-haven buyers ignore gold

SaxoStrats
By Michael McKenna

The energy sector is on track to post a 12% second-quarter gain as crude prices finish Q2 with their fourth consecutive quarterly rise. The move is notable given the volatile environment, and derives significantly from fears of Iranian supply disruptions, but Saxo Head of Equity Strategy Peter Garnry says that it could prove vulnerable to any intensification of the trade war.

"The Iranian focus has certainly overshadowed the Opec+ production rise deal," says Saxo commodities head Ole Hansen. Hansen also reports that gold is set to post its worst month since November 2016 at the end of June, with prices having faltered significantly as safe-haven investors flocked to the USD and US bonds instead of the yellow metal.

"Looking at the XAUUSD chart, the double bottom formation at $1,246/oz could trigger a rally if prices break north of $12,56/oz," Hansen says.

In forex, Saxo Bank Head of FX Strategy John Hardy reports that the euro soared overnight as the European Union apparently reached a deal on migration, with the still-rather-vague agreement apparently centred on the establishment of 'migration centres' across the EU and in Africa.

The presence of a deal – any deal – is being taken as bullish due to the major fault-lines within the EU and even within Germany and Chancellor Merkel's own party on this issue.

"We saw EURUSD reach a high of 1.1660 overnight... I have a hard time figuring out whether this will last," says Hardy.

For more on equities, commodities, forex, and the recent Fed stress tests on US banks, watch today's Morning Call in full.

Energy sector:
Energy
Source: Saxo Bank 
08 April
baevs serge baevs serge
We CLOSED JOINT-STOCK COMPANY AGS OIL is one of the leading Oil & Gas trading companies in Russia Federation with good business reputation and well experienced in the Petroleum and mining sector. We offer the following trades through our reliable Refineries: D2 DIESEL OIL GOST 305-82, JP54 AVIATION KEROSENE COLONIAL GRADE, UREA 46%/PRILLS, LNG, LPG, REBCO, MAZUT100 GOST 10585-75/99, AUTOMOTIVE GAS OIL(AGO). We as well secure allocations from our various Refineries for our numerous buyers who are interested in Spot transactions on FOB/CIF deliveries to any world safe port (AWSP). Our Refineries have their products both at Russian ports and Rotterdam port. we also have a reliable SHIPPING COMPANY if you are in need of find the contact bellow.
Email: baevsergeyalexandrovich@bk.ru
BAEV SERGEY ALEXANDROVICH.

Disclaimer

The Saxo Bank Group entities each provide execution-only service and access to Tradingfloor.com permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Tradingfloor.com and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Tradingfloor.com is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Tradingfloor.com or as a result of the use of the Tradingfloor.com. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through Tradingfloor.com your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail