Macro
Macro Digest: Once is chance, twice is coincidence, three is a pattern
Steen Jakobsen
Chief Economist & CIO
Althea Spinozzi is a Manager with Saxo Bank’s Global Sales Trading team. Spinozzi maintains working knowledge of investment banking as well as international economic organisations and has professional experience in Denmark, the US, the UK, Switzerland, and Mexico.
She is a regular contributor of fixed income analysis to Saxo bank’s News & Research hub where she outlined her view of bond market trends across the developed and emerging market spaces, as well as in investment grade and high-yield bonds.
Christopher Dembik is Head of Macroeconomic Research at Saxo Bank. He is also member of the Polish economic think tank CASE (Center for Social and Economic Research) and advisor to French MPs.
As Head of Macroeconomic Research at Saxo Bank, he delivers analysis of global monetary policies and macroeconomic developments to institutional and high-net-worth retails clients located in Europe and in MENA. He is a regular commentator on economic topics for international media and a frequent speaker at international events, such as the COP22, Krynica Economic Forum, the MENA Investment Congress or the Paris Global Conference.
Dembik’s research concerns the evolution of growth and monetary policy with a strong focus on China’s economic trends. He has developed various models based on the flow of credit, consumer stress and liquidity evolution. Previously, he worked as Economist for Saxo Bank’s Paris office, as analyst for an Israeli financial start-up and for the French Treasury. During the 2017 French presidential campaign, he was member of Emmanuel Macron’s economist team working on European economic issues and the impact of political risk on financial markets.
Dembik holds a master’s degree in international Affairs from Sciences Po Paris and an MBA from the Institute of Economics of Poland’s Academy of Sciences. He is the co-author of The Greatest Contemporary Economic Debates (Ellipses, 2016) and Money: Functions, Monetary Transmission Mechanism and Evolution (Ellipses, 2017).
Eleanor Creagh is Saxo's Australian markets strategist, and is responsible for creating, implementing, and monitoring equity strategies and research for traders and investors, as well as developing quantitative models and customised mathematical frameworks for institutional clients.
Eleanor Creagh joined Saxo in 2018, and will be working out of the Bank’s Australian hub in Sydney. In her role as Australia Market Strategist, she will be supporting Saxo’s expert Global Sales Trading team with trading ideas and financial market insights, while helping local traders and investors find signals amid market noise.
Before joining Saxo, Eleanor held senior positions at JB Markets, Knowledgebank IQ, and Sapient Financial Solutions.
Eleanor holds a double major in Finance and Economics from the University of Sydney, and a Bachelor’s degree in Veterinary Medicine from the Royal Veterinary College, University College London.
John Hardy joined Saxo Bank in 2002 and has been Head of FX Strategy since October 2007. He focuses on delivering strategies and analyses in the currency market as defined by fundamentals, changes in macroeconomic themes, and technical developments.
Hardy has won several accolades for his work and was named the most successful 12-month forecaster for 2015 among over 30 of FX Week’s regular contributors. His forex market column is often quoted and he is a regular guest and commentator on television, including CNBC and Bloomberg.
Kay Van-Petersen joined Saxo Bank in 2014 as a Global Macro Strategist, based in Singapore. He focuses on delivering strategies and analyses across asset classes based on monetary & fiscal policies, global geopolitical landscapes as well as other macroeconomic fundamentals. He also takes into account market sentiment, technical and momentum factors.
KVP has over a decade of experience in the financial markets, with the majority of those years spent as a trader & analyst across multiple strategies including: global macro, equity long/short, fundamental value, event-driven and special situations. He is the author of various multi-asset/strategy research products the weekly “Macro Mondays” calls and reports with a focus on tactical as well as strategic positioning. He also contributes to Saxo Bank’s Quarterly outlooks and other thematic investment pieces as well as making special situation ad hoc calls.
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.
Peter Garnry joined Saxo Bank in 2010 and is Head of Equity Strategy. In 2016, he became responsible for the quantitative strategies team, which focuses on how to apply computer models to financial markets. He develops trading strategies and analyses of the equity markets as well as individual company stocks applying statistics and models.
Garnry developed Saxo Bank’s Alpha Picks which is a monthly publication selecting the most attractive stocks across the US, Europe and Asia. He also contributes to the Saxo Bank Quarterly Outlooks and the annual Outrageous Predictions and is a regular commentator on television, including CNBC and Bloomberg TV.
Steen Jakobsen first joined Saxo Bank in 2000 and has served as both Chief Economist and Chief Investment Officer since 2009. He focuses on delivering asset allocation strategies and analysis of the overall macroeconomic and political landscape as defined by fundamentals, market sentiment and technical developments in the charts.
With more than 25 years of experience within the fields of trading and investment, Jakobsen is a highly renowned and respected Chief Economist, who regularly appears as a guest host on CNBC and Bloomberg News. Prior to joining Saxo Bank, he worked with Swiss Bank Corp, Citibank, Chase Manhattan and UBS. He also served as Global Head of Trading, FX and Options at Christiania (now Nordea).
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