Mads Koefoed

Mads Koefoed

USER AND ACCOUNT INFORMATION
See Mads Koefoed on  Twitter
Interest:
25 elements in macro
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User type:
Community member, Blogger, Moderator, Saxobank employee 
Company:
Saxo Bank 
Title:
Macro Strategist 
Mads Koefoed, Saxo Bank, 03 February 2012

Nonfarm payrolls beat handsomely; Unemployment rate declines

The January nonfarm payrolls change surprised even the most optimistic forecaster printing 243,000 while the December number was revised up by 3,000 to 203,000. Great report and a solid start to 2012! Read more
149 Views
4 Likes
2 Comments
Mads Koefoed, Saxo Bank, 03 February 2012

US Employment report preview (NFP, Unemployment Rate)

The monthly US Employment report is only hours away; we take a look at various job indicators ahead of the release. Read more
156 Views
3 Likes
0 Comments
Mads Koefoed, Saxo Bank, 03 February 2012

Week 6 government bond auctions

The Eurozone takes a bit of a breather next week in terms of government bond auctions with only France (February 6, 14:00 GMT) and Germany (February 8, 10:15) seeing some action. All in all a quiet week for auctions in the Eurozone. Read more
68 Views
3 Likes
0 Comments
Mads Koefoed, Saxo Bank, 03 February 2012

3 numbers to watch today: NFP, ISM Non-Manuf, factory orders

It is time for the mammoth US Employment report again, but ISM Non-manufacturing and factory orders are also on tap today. Read more
75 Views
1 Likes
0 Comments
Mads Koefoed, Saxo Bank, 02 February 2012

3 charts that mattered today: Bond yields, PPI, US jobless claims

Spain and France see falling borrowing costs, Eurozone producer prices decline and the US labour market continues to improve. Read more
130 Views
1 Likes
0 Comments
Mads Koefoed, Saxo Bank, 02 February 2012

Eurozone PMI Manufacturing points to stall in Q1 2012

Though several European PMIs surprised to the upside in January overall Eurozone PMI Manufacturing is still pointing to a stall. Read more
110 Views
0 Likes
0 Comments
Mads Koefoed, Saxo Bank, 02 February 2012

Three numbers to watch today: bond yields, PPI, jobless claims

While we await tomorrow's mammoth US Employment report, there are three things to look out for Thursday, namely the French and Spanish bond auctions, the Eurozone PPI and Initial Jobless Claims. Read more
155 Views
1 Likes
0 Comments
Mads Koefoed, Saxo Bank, 01 February 2012

3 numbers that mattered today: Portuguese yield, ADP and ISM

The Portuguese bond auctions and US numbers today where well received by markets with European stocks up 1.6 percent one hour before close and EURUSD up 100 pips. Read more
112 Views
1 Likes
0 Comments
Mads Koefoed, Saxo Bank, 01 February 2012

ISM Manufacturing misses; components better than headline

The January report on ISM Manufacturing missed expectations slightly coming in at 54.1 vs. 54.5 while December was revised down to 53.1 from 53.9. Read more
76 Views
2 Likes
0 Comments
Mads Koefoed, Saxo Bank, 01 February 2012

ADP Employment misses expectations printing 170,000

Another piece of good news about the US labour market has just been released by the private company, ADP - despite a miss on expectations. Read more
97 Views
2 Likes
0 Comments
Mads Koefoed, Saxo Bank, 01 February 2012

German, Sweden, UK see jumps in PMI; overall eurozone contracting

Four European countries' PMI soared during January, moving from contracting to expansion. The overall eurozone index remains below 50, however. Read more
127 Views
2 Likes
0 Comments
Mads Koefoed, Saxo Bank, 01 February 2012

Saxo Fundamental FX Portfolio - February 2012

The Saxo Bank Fundamental FX Portfolio had a strong start to 2012 with returns of 1.34, 1.35, and 1.36 percent in January in the three reference portfolios (EUR/USD/GBP), respectively. It is net short EUR going into February. Read more
147 Views
2 Likes
0 Comments
Mads Koefoed, Saxo Bank, 01 February 2012

3 numbers to watch today: Portuguese yield, ADP and ISM Manuf.

ISM Manufacturing, ADP Employment and Portugal's debt auction are all worth watching today - here's why. Read more
194 Views
3 Likes
0 Comments
Mads Koefoed, Saxo Bank, 31 January 2012

Home price declines accelerate in the US

The CaseShiller Home Price Index dropped 0.7 percent in November and added to the negative data from North America after Canada earlier reported a 0.1 percent decline in GDP in November 2011. Read more
97 Views
4 Likes
0 Comments
Mads Koefoed, Saxo Bank, 31 January 2012

Canadian GDP disappoints, first decline in half a year

The Canadian economy surprised consensus by declining 0.1 percent MoM in November against expectations of an increase of 0.2 percent. It was the first time since May 2011 that the economy recorded a monthly drop. Read more
80 Views
3 Likes
0 Comments
Mads Koefoed, Saxo Bank, 31 January 2012

US confidence, Chicago PMI to rise, CaseShiller to decline

With all of the major European economic reports already out, including a much better than expected German labour market report, we can turn our attention to this afternoon's data from North America. Read more
113 Views
2 Likes
0 Comments
Mads Koefoed, Saxo Bank, 30 January 2012

Meagre spending growth in the US in Dec; EU summit gets underway

December figures on US spending and income will be released Monday, revealing details on a part of economy not in the GDP report. Before that we get Italian bond auctions and Eurozone confidence numbers ahead of the 1400 GMT start of the EU summit. Read more
77 Views
2 Likes
0 Comments
Mads Koefoed, Saxo Bank, 27 January 2012

US 4Q'11 GDP report (snapshot)

The US economy accelerated to 2.8 percent (annualised) in the fourth quarter of 2011, just shy of the 3 percent expected. The miss was mostly due to lower than expected private consumption. Read more
136 Views
2 Likes
0 Comments
Mads Koefoed, Saxo Bank, 27 January 2012

US economy set to accelerate for third straight quarter

The US economy has so far proved resilient enough to withstand drags from fiscal tightening and the Eurozone debt crisis debacle. Today's 4Q'11 GDP report is expected to show 3 percent growth annualised, according to consensus. Read more
145 Views
2 Likes
0 Comments
Mads Koefoed, Saxo Bank, 26 January 2012

Next week's government bond auctions

Next week's government bond auctions see Italy, which had solid auctions today, kick it off on Monday with several issues before France and Germany step into the ring. Read more
174 Views
1 Likes
0 Comments
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    Biography
    Mads Koefoed is a Macro Strategist at Saxo Bank. Mads' primary focus is macroeconomics and equities, and he is responsible for the bank's Macro Forecast model. He has a master's degree in economics from the University of Copenhagen. Prior to joining Saxo Bank in 2009, Mads spent two years with Danske Capital, where he worked in the Danish Equities team. At Saxo Bank Mads primarily concentrates on macroeconomic topics and develops and maintains macroeconomic models based on econometrics. Mads regularly publishes comments and analysis on macroeconomic topics and is responsible for the bank's macroeconomic models and the Saxo Fundamental FX Portfolio.

    Contact: +45 39 77 49 42

    Disclaimer
    Non-independent investment research
    This investment research has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Further it is not subject to any prohibition on dealing ahead of the dissemination of investment research. Saxo Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. » Read more
     
     
     

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