Denmark
Trading strategy
Short term trading strategies in the major FX pairs - generally with an open and close on the same day, but in some cases stretching to two or three days if the local setup fits with the bigger perspective as well.
The account trades on retail spreads but without ticket fees for trades below the minimum threshold. This is in order to show the pure performance of the trades. The account and trade sizes are very modest to prevent absolute profit and loss swings from causing excessive distraction to the overall strategy execution.
Biography
John is Head of FX Strategy for Saxo Bank, based in Copenhagen, Denmark. John has developed a broad following from his popular and often quoted daily FX column, received by Saxo Bank clients and partners, the press and sales traders.
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Write a Squawk to John J Hardy
  • Article / Yesterday at 15:58 GMT

    FX Board: JPY trends are well entrenched

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Board: JPY trends are well entrenched
    The pressure on JPY crosses eased somewhat today, but there is plenty of room for consolidation before JPY pairs can reverse their downtrends. The risk sentiment on closing levels today should set the tone for trading early next week.
    Read the article
  • Article / Yesterday at 14:57 GMT

    FX 4 Next Week: Two-way directional risk looms

    Head of FX Strategy / Saxo Bank
    Denmark
    FX 4 Next Week: Two-way directional risk looms
    Next week’s action will at least in part depend on how we close the week today... do we close on a hopeful note or below the key supports in a risk barometer like the S&P 500, which has recently been probing key technical levels going back a long time in the low 1800s?
    Read the article
  • Squawk / Thursday at 9:15 GMT
    Head of FX Strategy / Saxo Bank
    Denmark
    Riksbank delivers larger than expected rate cut, of -15 basis points, bringing the rate to -0.50%. It's too bad for Swedish savers that cash has virtually disappeared in Sweden, as it now yields significantly more than a deposit at a Swedish bank. The Riksbank's decision takes Sweden into unprecedented territory as Sweden is at the vanguard in experimenting with a negative rates environment. The move is negative for SEK, not so much because negative rates matter by themselves in terms of the rate spread against other currencies (note the recent BoJ move into negative rates failing to weaken the JPY, though the negative rates there are selective), but because of the threat to financial stability if the Riksbank continues with this radicalism, as another surge in Swedish home prices remind us today - today's asset inflation is tomorrows asset deflation. EURSEK is trading near the highs of the cycle, with focus now on whether we can maintain the move above the 9.50 area.
    Read the Squawk
    2d
    Johan Berntorp Johan Berntorp
    One wonders if the situation might accidently start a run on banks if they, the banks, start to charge for deposits?...ban on cash coming up? Just some...
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