Playlist: GLEN:xlon

Show less
Copper is a short-term sell: Garnry
Peter Garnry
12 August 2016 at 7:31 GMT
Mining share Glencore trade view: Neighbour
Joe Neighbour
21 July 2016 at 7:05 GMT
Garnry: Why a risky long in Glencore could eventually strike gold
Peter Garnry
30 September 2015 at 10:18 GMT
Fasdal: Are markets heading for the perfect storm?
Simon Fasdal
29 September 2015 at 9:32 GMT
Hardy: How I'm trading this risk-off sentiment
John J Hardy
29 September 2015 at 9:10 GMT
Hansen: Volkswagen scandal drives down industrial metals
Ole Hansen
23 September 2015 at 10:04 GMT
Garnry: Volatility is nothing to be afraid of and here's why
Peter Garnry
03 September 2015 at 10:06 GMT
Buy mining shares
Lea Jakobiak
15 August 2013 at 7:44 GMT
Video / 29 September 2015 at 9:10 GMT

Hardy: How I'm trading this risk-off sentiment

John J Hardy
Saxo's John Hardy discusses what the drivers are behind the risk-off sentiment that's been dominating the markets over the last 24 hours. On the one hand he looks at Glencore and the risk to the commodity market in general. On the other, he examines the crisis in emerging markets and in particular Brazil.

Regardless of what's sparked the risk-off appetite, Hardy says the correlations are moving to one across markets.

It means that both the euro and the Japanese yen are up  while the US dollar and sterling are holding the middle ground. It's commodity currencies that are at their weakest, notes John. 

For that reason, he has entered a #SaxoStrats trade this Tuesday in which he's shorted USDJPY. He warns that it is still stuck in a range and the trade could be stopped out if there is an improvement in risk sentiment. 

You can read more about John's USDJPY #SaxoStrats trade here.


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail