Denmark Denmark
Trading strategy
I track Saxo Bank's USD-denominated FX World Carry portfolio using 2 x leverage. This portfolio is one of four available. More information on the four portfolios can be found here: http://www.tradingfloor.com/posts/introducing-saxo-bank-fx-carry-trade-805549152
Biography
Mads Koefoed is Head of Macro Strategy at Saxo Bank. Mads prefers a quantitative approach when analysing the global economy, but also stresses the importance of the debt cycle for understanding today’s macro-economic developments. Mads publishes daily comments on TradingFloor.com and is a regular commentator on Saxo TV and other broadcast media. He is a key contributor to the bank’s quarterly outlook as well as co-author of the strategy team’s trading models and Trade Navigator.

Mads holds a master's degree in economics (cand.polit.) from The University of Copenhagen, where his focus was on finance and econometrics.

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878 FOLLOWERS
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  • Squawk / Yesterday at 12:37 GMT
    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Stronger US economic data sending gold lower for the second time in two days. The higher than expected CPI took out stops below 1300 and seven days worth of buying has been removed.
    Read the Squawk
  • 10h
    kirand kirand
    how to add more traders in follow list?
  • Squawk / Yesterday at 9:03 GMT
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    German ZEW mixed in April. The current situation index hits 59.5 vs. 51.5 expected and 5.3 prior while the expectations index prints 43.2 vs. 45 expected and 46.6 prior.
    Read the Squawk
  • Squawk / Yesterday at 8:37 GMT
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    UK producer prices rose 0.5% YoY in March vs. 0.3% expected and 0.6% prior (revised from 0.5%). Core prices rose 1% vs. 0.9% expected and 1.1% prior. The current weakness in producer prices can mostly be explained by petroleum products category, which is down 7.1% YoY.
    Read the Squawk
  • Squawk / Yesterday at 8:35 GMT
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    UK consumer prices rose 1.6% YoY in March as expected from 1.7% in February. Core prices also rose 1.6% as expected from 1.7% prior. Retail prices rose 2.5% YoY as expected. Not exactly the most exciting report...
    Read the Squawk
  • Squawk / Yesterday at 8:19 GMT
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    Turkish unemployment rose to 10.1% in January, the highest reading since March 2013. Not, however, that the rate is not seasonally adjusted; in comparison the January 2013 rate was higher at 10.6%. Employment too has improved year-on-year by 761,000 to 25.2 million from 24.4mn a year earlier.
    Read the Squawk
  • Saxo TV / Monday at 13:03 GMT

    Why chocolate is hot this Easter

    Angus Walker
    If you want to know why the price of your Easter Egg may leave a sour taste, have a look at the sweet returns in the cocoa market. Saxo Bank’s Head of Commodity Strategy, Ole Hansen, has been looking into global cocoa trading, which is at its highest level for two and half years, boosted by expectations of a market deficit for the second year running. After finding a floor above $2000 per tonne last March the price has risen by fifty percent up to the current level at around $3000 per tonne.
    See the video
  • Squawk / Monday at 12:35 GMT
    Mads Koefoed Mads Koefoed
    Head of Macro Strategy / Saxo Bank
    Denmark
    Excellent March US retail sales report. Sales rose 1.1% MoM vs. 0.9% expected and February was revised to 0.7% from 0.3%.
    Read the Squawk
    1d
    Mads Koefoed Mads Koefoed
    The 'control group' category rose 0.8% MoM, but is nevertheless flat QoQ due to the large drop of 0.6% in January. This category feeds into GDP calculations....
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