Denmark
Biography
Ole Hansen joined Saxo Bank in 2008 and has been Head of Commodity Strategy since 2010. He focuses on delivering strategies and analyses of the global commodity markets defined by fundamentals, market sentiment and technical developments.

Hansen is the author of the Weekly Commodity Update, which sets out the moves in commodities, and also provides clients with commodity related trade views under the #SaxoStrats brand. He is a regular contributor to both broadcast and print media including CNBC, Bloomberg, Reuters, Wall Street Journal, Financial Times and the Telegraph.

Having worked 18 years in the City of London both on the sell-side and for a multi-asset hedge fund, Hansen is experienced in the fields of trading and investment and is a respected strategist, who regularly travels the world to meet with Saxo Bank clients.

Ole Hansen has a banking education from Danske Bank
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Write a Squawk to Ole Hansen
  • Article / Yesterday at 13:37 GMT

    WCU: Gold shines, oil finding support

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Gold shines, oil finding support
    The gains in equities from the easing of tensions over North Korea proved short-lived as political instability surrounding the Trump White House saw investors switch back to risk-off mode. In particular, gold benefited from this mood. Crude oil was lower on the week, but found support from a continued drop in US and global inventories.
    Read the article
    1d
    carlosdemarch carlosdemarch
    super great report Ole!
  • 1d
    Blange Blange
    Very good question MP! Hope Ole Hansen can help us to understand this
    1d
    Ole Hansen Ole Hansen
    Hi MP and Blange. It looks like GCc1 is currently tracking Oct17 instead of Dec17 which is currently the contract with the most traded volume. I have...
    1d
    Market Predator Market Predator
    Hello Ole, thanks for your feedback. I'm adding next observation for: data guys. Let them to see Week chart.
  • Squawk / Yesterday at 7:23 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Gold is having another go at key resistance at $1295/oz, a level which so far has been rejected on three previous occasions this year, most recently last week on heightened N.Korean tensions. This time round we are once again seeing multiple uncertainties from raised US political friction and weaker stocks combined with ECB's dovish twist and the Spanish terror attack.
    A break and a close above on the weekly chart is likely to trigger additional fund buying with the speculative position being relatively light compared with historic data.
    Look out for USD/JPY where a break below 108.80 could attract some additional supportive momentum.
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  • Squawk / Thursday at 11:35 GMT
    Head of FX Strategy / Saxo Bank
    Denmark
    ECB Minutes: the first headlines from the release of the ECB minutes include mention of the currency and the risk that the euro might strengthen more than justified from economic fundamentals, a risk of "overshooting" that has the euro immediately trading offered as it suggests that ECB moving guidance to a less accommodative stance in the future will depend on the market not pricing the euro too dearly. The minutes do point to a discussion of an incremental change to forward guidance, but there was also clearly little sense of urgency on a shift in guidance from an inflation perspective as a evidence of a pickup in inflation was seen as lacking.

    Remember that EURUSD was trading around 1.1500 going into the meeting from which these minutes have been issued. The next technical objective for EURUSD looks like the 1.1600 area, while the bull market is not threatened in a more structural way until down in the 1.1500-1.1450 area.
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  • Article / Wednesday at 9:55 GMT

    Oil looks to EIA for confirmation of current range

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Oil looks to EIA for confirmation of current range
    WTI and Brent crude oil prices have found support after retracing 38.2% of the June-to-August rally. Whether that will be enough and thereby confirm oil's current rangebound nature will depend on today's EIA inventory report. Another bullish set of data is expected after the API reported a bigger-than-expected stock decline yesterday.
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    3d
    Ole Hansen Ole Hansen
    US crude stocks declined by 8.9m barrels last week while gasoline rose by 22k and distillates by 702k. Production jumped to 79k b/d while stocks a Cushing...
    3d
    Ole Hansen Ole Hansen
    Charts
  • 3d
    fxtime fxtime
    Kim and Trump are too alike. They both seek unbelievable attention at any cost and promote fiction at any cost too. As the Fin Times asked yesterday...''Are...
  • Article / Tuesday at 9:36 GMT

    Gold retraces as N.Korea risk premium deflates

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Gold retraces as N.Korea risk premium deflates
    Last week, gold faced either profit-taking or an extension above key resistance, depending on which direction the North Korean stand-off took. Since then, efforts on both sides have de-escalated the stand-off. Gold has suffered as a consequence in response to a falling Japanese yen and rising stocks and yields.
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