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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Who is #SaxoStrats:

#SaxoStrats is our team of in-house strategists, covering insights and expert views across markets, asset classes and tradable instruments.

MEET THE TEAM
Write a Squawk to John J Hardy
  • Article / Yesterday at 14:50 GMT

    FX Board: Carney trumps Draghi as sterling storms back

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Board: Carney trumps Draghi as sterling storms back
    The euro had broken higher in all of the major pairs this morning before a European Central Bank source spoiled the party by maintaining that the market misinterpreted ECB president Mario Draghi's "balanced" comments. The euro then mounted a comeback attempt as the Bank of England's governor Mark Carney suddenly waxed hawkish, sending sterling vaulting higher across the board.
    Read the article
  • Squawk / Yesterday at 13:44 GMT
    Head of FX Strategy / Saxo Bank
    Denmark
    Carney and ECB commnts roiling EURGBP. First we had the ECB going to the trouble to disapprove of the market's reaction to Draghi's "balanced" rhetoric, pushing the euro rally back sharply earlier today. And now we have the BoE's Carney out changing his always dovish tone on rate hikes with rhetoric suggesting that limited gradual rate changes are possible if growth/inflation trade-off recedes. This is strongly supportive of sterling as UK short rates advance sharply another several basis points and EURGBP gets crushed back into the range. This puts a pretty solid cap in place in EURGBP from a fundamental rate-spread perspective.
    Read the Squawk
    9h
    Market Predator Market Predator
    Communication of BoE members including Governor is real tragedy! :))
    Thanks John, for this summary.
    9h
    PredatorFX PredatorFX
    A classic example of buy on rumor sell the news, is gradually unfolding. fingers crossed
  • Video / Yesterday at 11:19 GMT

    Has the euro rallied too high? — #SaxoStrats

    John J Hardy
    The euro soars on subtle hawkish tone from European Central Bank president Mario Draghi, but the question is if the rally has been too sharp? John Hardy, head of FX strategy at Saxo Bank, takes an in-depth look at Draghi's rhetoric and evaluates what effect it has on major forex crosses.
    watch video
  • Video / Yesterday at 8:14 GMT

    From the Floor: Markets hit by fit of ugly — #SaxoStrats

    #SaxoStrats
    Markets across asset classes staged an ugly session on Tuesday, and the Nasdaq slipped into fragile territory below its 50-day moving average. But the euro went on a "rip-roaring rally" after European Central Bank president Mario Draghi's remarks about inflation caught the FX markets off guard.
    watch video
  • Article / Yesterday at 7:41 GMT

    FX Update: EUR goes vertical, risk-off hits carry — #SaxoStrats

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Update: EUR goes vertical, risk-off hits carry — #SaxoStrats
    ECB president Draghi’s relatively muted hawkishness – more of an expression of confidence that things are taking a turn for the better – was seized on for a reason to bid the single currency sharply higher. Meanwhile, the ugly risk-off
    combination of weak bonds and weak equities hit carry trades the hardest and NZD the most among DM.
    Read the article
  • 2h
    Patto Patto
    Always a good summary of what's going on and a useful pointer to the best of the "Opinion" stories.
  • Squawk / Tuesday at 8:20 GMT
    Head of FX Strategy / Saxo Bank
    Denmark
    ECB President Draghi: out sounding a bit more hawkish than we are accustomed to as he speaks at an ECB Forum in Portugal this morning. His speech sounds optimistic even as he claims that inflation is not durable and self-sustaining. Still, on inflation, it does sound like he wants to look through the factors that are currently keeping inflation low, calling them temporary and says that deflationary forces are replaced by reflationary ones. Policy hints are few and cautious.

    EURUSD up to a nine-day high on this near 1.1240 at one point, though 1.1300+ needed for a proper break higher in this very low volatility environment. Later, we have two FOMC voters (Harker and Kashkari) speaking and Fed Chair Yellen herself speaking in London at 1700 GMT.
    Read the Squawk
    1d
    John J Hardy John J Hardy
    By far largest reaction today has been in EURJPY which has pulled to a new high for the cycle well above 126.00.
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