Our Research
Steno Signals
Steno Signals is our weekly editorial on everything macroeconomic, written by Andreas Steno.
Daily Post
Something for your Espresso is your morning research letter from Steno Research preparing you for the day to come.
Emerging Markets
Emerging Markets delves into the most timely and relevant news and movements from and relevant to emerging markets.
The Great Game
The Great Game is our weekly editorial on geopolitics and global conflict.
Watch Series
Watch Series is a collection of individual series such as Europolitics Watch, Inflation Watch, Real Estate Watch, and much more.
Crypto Moves
Crypto Moves is our detailed editorial that explores topics relevant to the crypto market, helping you stay ready for future developments.
… and much more
We go even further, publishing research applicable to all markets and topics.
We Are A Passionate European Research Power House with a single Goal: To Position You for long-term success.
Located in the heart of Copenhagen, Denmark, our team is composed of brilliant thinkers with expansive expertise. Our domains range from the intricacies of macroeconomic landscapes to the nuances of geopolitical affairs, along with trading strategies and energy matters to digital assets and quantitative approaches. This comprehensive understanding shapes our market insights at your benefit.



Latest Notes
Macro Nugget: Signs of USD weakness to come?
2025-01-23The rate of change in carry has turned?Positioning Watch – Cutting Out the Trump Noise: Hedge Funds Are Still Betting on Higher Rates!
2025-01-23Everything at the moment seems to revolve around Trump and his policies. How have markets been positioned heading into inauguration week, and is it possible to cut through the noise?The Drill: Strap in for Trump
2025-01-21We look at what has happened and what to expect from Trump during his first week in the Oval Office and how we would position.
Latest Daily Post
Something for Your Espresso: Liquidity is increasing everywhere – just not within central banks
2025-01-23Liquidity is flowing beyond central banks, creating a clear reflationary signal and fueling risk appetite. Cutting through the noise, the simultaneous rise in inflation, growth, and liquidity points to a ...Something For Your Espresso: Is Ballooning Debt Just Another ‘Hoax’ Like Climate Change for Trump?
2025-01-22Similarly to launching his meme coin, Trump’s focus remains fixated on short-term wins at the expense of long-term stability. Why should ballooning debt be any different when immediate gratification is ...Something for your espresso: No more ‘Cry Wolf’ as Trump threatens with tariffs
2025-01-21A look at MXN and CAD on the back of Trump tariffs announcement. To read the full article, sign up for a 14-day FREE trial of the Professional plan. Already a ...
Always Actionable
Our mission is to pave the way for your success. Besides our written research, our analysis readily converts into actionable trades, available within our Macro Portfolio. Additionally, you’ll discover crypto opportunities in our Crypto Portfolio.
“We are not afraid to publish research that is contrarian to public perception. In fact, we know this is what gives you an edge in the market.”
– Andreas Steno Larsen, Managing Partner

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We address all the topics and assets that matter to you, including macroeconomics, geopolitics, trading strategies, and digital assets.
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Our research extends well beyond the resources available on our website. We have the capabilities to provide you with insights on any topic you have in mind.
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