Denmark
Biography
Head of Commodity Strategy at Saxo Bank and a regular contributor to both broadcast and print media including CNBC, BBG, Reuters & WSJ
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Write a Squawk to Ole Hansen
  • Article / Yesterday at 14:00 GMT

    WCU: Commodities fired up by fading dollar

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Commodities fired up by fading dollar
    April was the best month for commodities since December 2010. A strong rally in oil, a speculative frenzy in China and continued demand for precious metals triggered a 7.5% return on the Bloomberg Commodity index. Continued selling of the dollar, not least against the yen this past week was one of the key drivers.
    Read the article
    13h
    asena asena
    thanks
  • 19h
    Martin O'Rourke Martin O'Rourke
    USDJPY went through 107.00 to hit a low of 106.91 in the last 15 minutes. It was trading at 107.13 at 0801 GMT.
    18h
    Juhani Huopainen Juhani Huopainen
    USDJPY and EURJPY are now getting close to support levels, so a short-term bottom is probably close. Longer-term, still more downside ahead, https://www.tradingfloor.com/posts/the-yen-run-ending-in-tears-is-a-prophecy-come-true-7533545
    5h
    Patto Patto
    Thanks Martin. These morning summaries are well presented and very useful..........
  • Article / Thursday at 8:54 GMT

    From the Floor: US economy teeters on brink, treasuries rally

    Saxo Bank
    Norway
    From the Floor: US economy teeters on brink, treasuries rally
    The US Federal Reserve kept interest rates unchanged on Wednesday and signalled it is in no hurry to hike, which some interpreted as a less hawkish stance than expected. An advance estimate of US first-quarter GDP is awaited on Thursday amid increasing signs that the economy could be flirting with negative growth, says Saxo Bank's chief economist Steen Jakobsen.
    Read the article
  • Squawk / Wednesday at 18:02 GMT
    Head of FX Strategy / Saxo Bank
    Denmark
    FOMC - initial reaction clearly USD supportive as the reference to global factors has been removed from the April statement relative to the MArch statement. Inflation commentary mild - discussion of labor market positive - comparison available shortly. Initial read: on the USD positive end of possible outcomes, but let's see if the move sticks into the close today.
    Read the Squawk
    2d
    John J Hardy John J Hardy
    As you can see in the comparison, all of the changes are in the top section of the statement and they are very minor - the main...
    2d
    John J Hardy John J Hardy
    A thorough read of the statment a bit less hawkish than initial excitement over the removal of the global risks sentence, as the mention of inflation hardly...
  • Article / Wednesday at 17:16 GMT

    El crudo por encima de USD 50 tendrá estímulos de producción y de caja

    Head of Commodity Strategy / Saxo Bank
    Denmark
    El precio del petróleo continúa cotizando al alza ante el fuerte sentimiento que muestran los los inversores y por la debilidad del dólar estadounidense. Algunas compañías productoras de petróleo de esquisto ven el área de 50 dólares como un nivel por encima para aumentar la producción y comenzar a mejorar el flujo de caja
    Read the article
  • Article / Wednesday at 14:03 GMT

    Oil hits new 2016 high ahead of US inventory report

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Oil hits new 2016 high ahead of US inventory report
    Strong investor demand, a weaker dollar, and expectations of lower production has propelled crude oil to a new high for 2016. Today, oil has risen strongly again ahead of the US inventory report at 16:30 CET. As it continues to tear higher, it shows a similar behaviour to last year.
    Read the article
    2d
    Ole Hansen Ole Hansen
    Oil is once again shrugging off an inventory which apart from strong implied gasoline demand had little to offer the Bulls. It is showing the underlying strength...
    2d
    matsuri matsuri
    it seems that oil is driven up only by specualtive longs, fundamentals and reports play at the moment no role (very surpsising), however it may turn fast...
    2d
    Valdis Valdis
    there have been too many signals of this upward trend ending soon: record longs, price totally ignoring the news, etc. The May 6 peak chart from the...
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