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  • Squawk / Tuesday at 14:26 GMT
    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Precious metals led by silver are having their own mini "Black Monday" on the anniversary of golds biggest two day sell-off in three decades last April. The whole sector including palladium has succumbed to selling after reaching the highest level since August 2011 yesterday.
    The sell-off today in gold was driven by a technical break below trend-line support at 1314 and the stronger than expected CPI did the rest by pushing it through 1300 support. Any renewed escalation in East Ukraine could now receive some fresh buying as many newly established longs has been washed out.
    Both crude oils are lower ahead of tomorrows US inventory report which is expected to show a rise in domestic inventories to the highest level since last November.
    Arabica Coffee is having another volatile day but remain above 2 USD/lb in New York.
    Copper has slumped back below 3 USD/lb and Nickel has dropped the most in nine months as worries about a Chinese slowdown outweighed supply concerns
    Read the Squawk
    4d
    fxtime fxtime
    Ole do you think the Indonesian ban on nickel ore export will have a lasting impact? As for Cu the tree month delivery is still well below...
    4d
    fxtime fxtime
    LOL...typo error...tree month = three month
  • Squawk / Monday at 14:14 GMT
    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Commodities are generally higher this Monday as Geo-political tensions related to East Ukraine have provided a lift to commodities within all the three sectors, not least wheat, gold and Brent crude oil.
    Key crops such as wheat and corn are trading higher on renewed worries about supply disruptions to key exporters from the Black Sea. Paris wheat have however risen more modestly than CBOT which is slightly at odds considering the greater impact on European wheat from a potential disruptions.
    Brent Crude premium over WTI has widened as a geo-political event would support Brent more combined with the continued slow return of oil from Libya.
    Gold has stayed positive all day but resistance at 1335 has so far capped further upside attempts.
    Coffee and cocoa both having an off day following the gains seen last week.
    Natural gas drops the most on expectations that milder weather could accelerate the rebuilding of inventories.
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  • Article / Monday at 7:05 GMT

    COT: Strong buying of WTI offset agri reductions while gold cut again

    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Strong buying of WTI offset agri reductions while gold cut again Read the article
  • Trade view / 11 April 2014 at 15:21 GMT
    Medium term

    Our friend Mr Coffee brews up a storm

    Andreas Clenow Andreas Clenow
    Principal / ACIES Asset Management
    Switzerland
    The coffee market has been very kind to us. Both on the trend following side and for counter trend models, this has been an amazing market this year. The prices just hit new highs, and we're back in business on the trend model.
    Read the Trade View
  • Article / 11 April 2014 at 13:20 GMT

    Commodities power ahead as stock markets weaken

    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Commodities power ahead as stock markets weaken Read the article
    11 April
    Jim Earls Jim Earls
    Good article-hence not much room left for dovish bias with cost inputs rising even if economic growth declines.
  • Article / 10 April 2014 at 8:31 GMT

    Commodity RSI: What is hot and what is not?

    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Commodity RSI: What is hot and what is not? Read the article
  • 06 April
    IDRIS IDRIS
    boss give me money so I can live with smart
  • Squawk / 01 April 2014 at 14:25 GMT
    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    A "risk on" beginning to second quarter has seen the S&P 500 once again testing record highs while the dollar is close to unchanged. The commodity sector is mixed with Corn and Soybeans continuing to react positively to the inventory and planting intentions reports yesterday. Dwindling soybeans inventories during the current 2013/14 crop year combined with increased acreage this summer has resulted in the spread between old (ZSN4) and new (ZSX4) crop widening by 8 dollars. In Corn a reduced acreage this summer has lend support to new crop (ZCZ4) and the spread has narrowed by 2 dollars.
    - Both Coffee and Sugar drops as rain in Brazil could boost the crops.
    - Gold continue to see negative momentum with upticks being met by selling as speculative longs continue to be scaled back.
    - Crude oil lower as Russia/West tensions fade and US inventories are expected to rise again when the report is released Wednesday.
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    02 April
    Denner Frawn Denner Frawn
    This comment has been redacted