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
  • Squawk / Yesterday at 13:36 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Stocks under pressure, bonds racing higher BUT gold and silver instead reacts to a slightly stronger dollar. Safe-haven status on hold for now
    Read the Squawk
  • Squawk / Yesterday at 8:12 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    The informal Opec meeting on Wednesday is due to kick off at 16:00 CET. Crude oil is trading lower today as expectations are once again lowered. Below some of the latest comments from the news wires:
    From Saudi oil minister:
    Optimistic about the market
    Market recovery slower than we hoped
    Algiers meeting is consultative
    Russian energy minister:
    Hard to tell whether Algiers talks will produce agreement to stabilize market
    Iran says it wants to pump between 4.1 and 4.3 million bpd (was around 3.6M bpd in July and August)
    Iran Now Has the Edge in the Fight Over Oil Prices With Saudi Arabia https://goo.gl/mZ18wC
    Read the Squawk
    15h
    Ole Hansen Ole Hansen
    Iranians not prepared to play ball. Oil lower again https://twitter.com/Ole_S_Hansen/status/780692076988076032
  • Squawk / Monday at 14:15 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Gold comments I made to Reuters earlier today:

    - Demand from hedge funds and investors ... has been absent
    in recent weeks. This despite a benign U.S. rate outlook,
    (Donald) Trump gaining in the polls and a weaker dollar and
    stock market weakness today, driven by losses in the banking
    sector
    - Underlying support remains, but having traded sideways for
    the past three months, investors have become cautious
    - A technical break above $1,346 would force a response and
    the strength of that would indicate whether it's onwards and
    upwards or back down to test support
    Read the Squawk
  • Squawk / Monday at 12:06 GMT
    Hi Ole! I see crude in a tightening range with lowering highs, much like over summer. Do you think we'll see another drop?
    Read the Squawk
    1d
    Ole Hansen Ole Hansen
    All depends on what the gentlemen currently meeting in Algiers decides to do. If Opec once again slams the door without getting closer to an agreement on...
  • Article / Monday at 8:16 GMT

    From the Floor: Turkey woes threaten EM spillover

    Your Next Trade
    From the Floor: Turkey woes threaten EM spillover
    A Moody's downgrade of Turkish debt sent the lira sharply lower overnight and with the Philippines peso also in dire straits, there could be some emerging-markets spillover. There's also that big oil meeting in Algiers to keep a watchful eye on as well as the small matter of the opening presidential debate.
    Read the article
    1d
    Market Predator Market Predator
    Little broadcast difficulties today, fortunatelly only short period of time.
  • 1d
    Ole Hansen Ole Hansen
    Funds cut combined bullish bets on oil by 105k lots last week ahead of OPEC meeting. Second biggest weekly reduction since at least 2011
    1d
    Ole Hansen Ole Hansen
    Funds cut bullish Brent crude oil bets by 13% to 6-week low as of Sept 20. Longs cut while new shorts were added
  • 17h
    Ole Hansen Ole Hansen
    five year high (not five week) in the text above
    15h
    Market Predator Market Predator
    Maybe carry trade is more powerfull than revers in COT and RBNZ :(
    12h
    Pandorra Pandorra
    Good call, tnx for respond Ole. Please update RUB time to time if getting any new. Guess is in the Brazil money almost the same pic.
    still 2.665...
  • Article / Friday at 13:30 GMT

    WCU: Rising risk appetite kicks commodities into gear

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Rising risk appetite kicks commodities into gear
    Central bank meetings helped trigger renewed risk appetite with commodities receiving an additional boost from the weaker dollar. Despite a renewed surge in supply, oil markets bought into the idea that Opec and Russia may reach an agreement in Algiers on September 28.
    Read the article
    2d
    Ole Hansen Ole Hansen
    indeed fxtime.. quite a few times this year we have been led on a wild goose chase from talk and no eventually no action.
    2d
    asousa27 asousa27
    Ole, after Saudi Arabia declarations upside target 50$ still possible?
    1d
    Ole Hansen Ole Hansen
    The oil market has been taken hostage to soundbites ahead the meeting and it is now a question of wait and see. A deal is probably...
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