In February, trading on Saxo Bank experienced an overall reduction of 4.2%, with a total volume amounting to $359.8 billion for the month – and even more significantly, signifying a 14% decrease compared to last year’s numbers! Despite a shorter month, the daily average trading volume on the platform experienced significant growth; it increased to …
Saxo Bank published its trading metrics for November and reported a surge in forex trading activities. Saxo Bank reported a monthly trading volume of $138 billion, which was 7.8% higher than the previous month. Saxo Bank is a brokerage headquartered in Denmark. Forex trading daily average monthly volume was $6.3 billion compared to $6.1 billion …
Saxo Bank’s Demand for FX Trading Rises by 7.8% in November Read More »
Gold prices continue to rise as investors flock to the safe-haven metal in response to elevated recession fears, especially in the times of the U.S. midterm elections. Gold prices are rising as investors take advantage of the positive sentiment in the market, with a price pushing back above $1,700 an ounce, which is indeed the …
Saxo Bank, a Denmark-based FX and CFD trading firm, has just published its volumes for July 2022. The company saw monthly volumes of $322 billion in July 2022, compared to $398.8 billion in June 2022. While the total volume fell significantly compared to the same month last year, it was up slightly compared to the …
Saxo Bank Records $322 Billion Monthly Volumes in July Read More »
Even with the drastic jump in the trading demand, equities are experiencing slowed demand. In March, the overall monthly trading volume in SAXO Bank shot up to $460.4 billion, which makes it the highest since April 2020. Consequently, the current numbers caused a significant overflow of demand in retail services, hence the closure during the …
Saxo Bank Records a 35% Higher FX Trading Volume in March Read More »
Saxo Bank’s November trading metrics reveal a decline in demand across all asset classes. Trading volume fell 10% month-over-month, to $292.2 billion, with an average daily trading volume of $13.3 million. The financial trading platform provider reported a decline in monthly demand for all asset classes, including foreign exchange (forex) and equities. Saxo Bank’s November …
Saxo Bank Reports a 12.2% Drop in FX Volumes in November. Read More »
On Monday, Saxo Bank, a Danish broker, announced that it would add 9 crypto-forex pairings to its TradingView service, allowing its customers to trade from the third-party social trading platform. The new TradingView connection will allow investors to trade Bitcoin, Ethereum, and Litecoin against the euro, USD, and Japanese yen. Saxo first began offering crypto …
Cryptocurrency sales have pushed Bitcoin and Ether to levels they have not had in more than a week this week. This is due to China’s new mining restrictions and the expected tax consequences of the newly signed U.S. Infrastructure Bill. The price of Bitcoin has fallen -1.61% in the last 24 hours, to $60,586. Ether …
Is Crypto Winter Here? – Bitcoin Fell to $60,000 Read More »
Saxo Markets Singapore is a brokerage regulated by the Monetary Authority of Singapore (MAS). This week they announced a strong performance for the first half of 2021. The unit has reached SGD 10 billion ($7.45) in assets from 24% more traders within six months and highlighted the market momentum behind this success with their growing …
Bitcoin extended its advances after breaching above the $30,000 threshold, which some cryptocurrency traders regard as a critical support level. In New York on Wednesday, the largest digital currency had risen as high as 5.8 per cent and was trading at $31,450. Other cryptocurrencies, such as Ether and Dogecoin, increased, as did the Bloomberg Galaxy …
With many countries fighting with the worsening epidemic as the number of coronavirus cases proceeds to climb over the globe. A commodity boom has developed amid the chaos. The causes for this rally are disturbances in the supply chains worldwide and pent-up demand for some commodities. This is according to speaks OCBC Bank’s economist Howie …
Copper prices slipped on Monday on concerns that top metals consumer China desires to put a lid on rising commodity prices to manage off potential inflation. Concern regarding wavering demand and increasing copper inventories also showed on the market. Benchmark copper on the London Metal Exchange (LME) had declined 0.9% to $8,845 a tonne by …
Chinese fears of commodities price caps decrease copper Read More »
A furious rally in copper has sent it over $9,000 a tonne for the first time after 2011. Following a dramatic recovery, Brent crude on Tuesday briefly passed $66 a barrel, the level at which it began a turbulent 2020. Corn is up nearly 17 percent since the beginning of 2021 to an almost eight-year …
Worries Over Overshoot Raised By Commodities Prices Read More »
Copper prices increased for the fifth straight session on Wednesday, to their highest levels since January. Steady demand and a better technical scenario supported the metal. Over three 3 months, copper, on the London Metal Exchange (LME), gained 2.1% at $5,893 a tonne, after earlier climbing to $5,913.50, its highest since January 24. Ole Hansen, …
Analysts forecast global copper demand to fall by 5.4% to 22.625 million tonnes this year. This is according to the International Wrought Copper Council. However, they also expect it to bounce back by 4.4% to 23.625 million tonnes next year. This year showed a drop in supply-side too, which is also going to rebound strongly …
