Saxo Bank

Bitcoin (CRYPTO: BTC) is stealing gold's thunder this week. After soaring more than 6% in 24 hours, Bitcoin reclaimed the $94,000 level. The lift was driven by a renewed "digital gold" narrative, courtesy of what Unity Wallet's James Toledano calls "renewed institutional enthusiasm." Another...

An analysis of the profitability of Ethereum staking by Binance Research has revealed that a significant minority of Ether (CRYPTO: ETH) holders who have staked their ETH in Ethereum's Beacon Chain over the past three years are currently in profit, according to a Coindesk report. The...

Oil prices were higher Tuesday after another strong rally in crude oil that was triggered by increased demand. On Tuesday, Brent crude futures were up 1.27% at $36.03 per barrel at the time of writing.  In April, the world’s major producers, including Saudi Arabia and Russia, agreed...

The April slump in crude oil is continuing to attract speculative buying in May, and the outlook remains bleak with the market having a long way to go before balancing out, analysts say.  The risk of storage running out is being offset by the focus on falling production and the expected pick-...

Oil prices rebounded Wednesday, after the market received a boost from surging stocks amid renewed hopes for a drug to fight coronavirus. The price of oil plummeted to historic lows earlier this month as the coronavirus pandemic crushed demand. On Wednesday, WTI crude oil was trading at $16 a...

The shares of several oil stocks were trading lower Monday, after the price of oil fell significantly down to $11 per barrel as storage for the commodity runs out and demand remains depressed. WTI Crude was down 40.72% at $10.83 at the time of publication.  Oil prices plunged 40%, the...

Bitcoin miners, developers and investors are feeling a wide range of sentiments, ranging from relief to outrage, now that a solution is being implemented to fix the cryptocurrency’s major scaling problem. BIP 91, as it’s known, solves the issue of the blockchain’s too slow...

The jury is still out on whether bitcoin is just one giant bubble waiting to burst. Saxo Bank's Kay Van-Petersen, an analyst who accurately predicted the digital currency's rise above $2,000, is now calling for further upside to $100,000 over the next 10 years. According to Bloomberg's Cory...

The price of one bitcoin soared above the $2,000 mark in May, which caused many to scratch their heads and wonder how a $100 investment in the digital currency in 2010 could now be worth $70 million. Among the few not surprised by bitcoin's move in 2017 is Saxo Bank's Kay Van-Petersen....

More likely than not, there will be a global recession within the next 18 months. According to a CNBC report, economists at the Danish investment firm Saxo Bank believe the likelihood of a global recession stands at more than 60 percent. Saxo Bank's chief economist Steen Jakobsen was a guest on...

Peter Garnry of Saxo Bank, a Danish investment bank and advisory firm, explained on CNBC his latest pair trade idea of buying Samsung Electronics Co Ltd (OTC: SSNLF) and shorting Apple Inc. (NASDAQ: AAPL). According to the analyst, Apple made some blunders in Asia where it "mis-interpreted...

Gold futures continued trading higher early Monday morning and reached its highest levels in almost three weeks. Bloomberg attributed the commodity's gains to a weak U.S. dollar and cautious commentary from the Federal Reserve regarding an interest rate hike. Meanwhile, European governments bonds...