Video

Ole Hansen
Ole Hansen, Saxo Bank’s head of commodity strategy, takes a closer look at the oil market amid new US sanctions on Iran and Opec members increasing barrel production.
Squawk / 08 May 2018 at 10:35 GMT
Head of Commodity Strategy / Saxo Bank
Denmark
Trump's options on Iran.
The waiting/guessing game is almost over after President Trump yesterday tweeted that a decision on the Iran nuclear deal will be made today from the White House at 18:00 GMT. Since the president back in January said he was putting the “worst deal ever” on notice, a geopolitical/non-fundamental risk premium has been built into the price of oil.
Update: https://www.home.saxo/insights/content-hub/articles/2018/05/08/trumps-options-on-iran
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Ole Hansen Ole Hansen
Additional reading:
Trump to Make Announcement on Iran Nuclear Deal Tuesday via $WSJ: https://www.wsj.com/articles/trump-to-make-announcement-on-iran-nuclear-deal-tuesday-1525720268
Understanding the Iran Nuclear Deal Trump Loves to Hate via Bloomberg: https://www.bloomberg.com/quicktake/irans-uranium-enrichment
Trump to (Probably) Exit Iran Deal. Then What? via Bloomberg:
https://www.bloomberg.com/news/articles/2018-05-08/trump-to-probably-exit-iran-deal-then-what

Twitter hashtags: #OOTT #IranDeal #IranNuclearDeal #IranSanctions
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anilm anilm
Hii sir , whats your view about gold price and range please...
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Ole Hansen Ole Hansen
Gold remains troubled by the stronger dollar but putting up a fight on the back of trade and geopolitical risks. This can be seen through XAUEUR which trades at a 4-month high at €1104/oz. For XAUUSD the $1300 remains a key area of support and could be challenged should Trump's Iran decision later today be less aggressive than expected and/or the dollar continues higher. Relative safety seen above $1323/oz.
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anilm anilm
Thanks
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Heli Heli
I must say that I am surpriced about lack of content and continuity, no comments to Thump speach, no COT report, almost none FX reports last two weeks. Trading is'nt easy and just now Saxo is not the place I would look for content as it is almost 8 hours between each comment or article. Not intend to be unpolite - but just as you know

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