Finance World

Ole Sloth Hansen, Head of Commodity Strategy at Saxo Bank

Commodities had the best week in more than two months, not least due to a strong rally across the energy sector, led by WTI and Brent crude oil.

The dollar continues to settle into a range, especially against the euro dollar between €1.05 and €1.10 and the 1.7% weakness seen this week was driven by a continued downward adjustment by the market as to when and by how much US official interest rates eventually will rise. 

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This year’s summit to unite key Arab financial leaders & regional & international experts

 

Menacorp, the UAE’s largest financial services firm, has reaffirmed its commitment to help sustain the growth of the Arab financial markets after extending its full support to the upcoming Arab Federation of Exchanges (AFE) Annual Conference titled ‘AFE Equities Summit 2015.’ The company is the main sponsors of the event which is scheduled to take place from April 22 to 23, 2015 at the Ritz-Carlton Hotel in Manama, Bahrain.

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Saxo Bank, the online multi-asset trading and investment specialist, has published its Q2 outlook warning investors of the end to the current cycle of ”extend and pretend” as the planned economy model of the past eight years comes to breaking point.

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Commodity market focus switched to the Middle East this week as Yemen became a battleground between Shiite rebels and a Saudi Arabian-led coalition of 10 Sunni-ruled nations. The country's close proximity to Saudi Arabia, the world's largest oil exporter, and its strategic location on one side of the Bab el-Mandeb, the fourth busiest shipping lane for crude oil in the world, raise worries about potential disruptions.

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VIENNA, 27th March, 2015 (WAM) -- The price of OPEC basket of twelve crudes stood at US$54.55 a barrel on Thursday, compared with US$50.83 the previous day, according to OPEC Secretariat calculations.

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