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
  • 1h
    fxtime fxtime
    But any tax revision policy to boost his presidential standing and economic performance would be hindered by his steadfast refusal to show his own tax returns. Such...
  • Article / Friday at 15:25 GMT

    FX Board: JPY graps spotlight as risk aversion jumps

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Board: JPY graps spotlight as risk aversion jumps
    The Japanese yen has jumped into the drivers seat as is often the case in bouts of broad risk aversion. Will this one last more than a day or two? If so, there could be significant further damage in the JPY cross rallies of yore. Key levels are also in play in gold as we head into the weekend.
    Read the article
  • 3d
    Blange Blange
    Very good question MP! Hope Ole Hansen can help us to understand this
    3d
    Ole Hansen Ole Hansen
    Hi MP and Blange. It looks like GCc1 is currently tracking Oct17 instead of Dec17 which is currently the contract with the most traded volume. I have...
    3d
    Market Predator Market Predator
    Hello Ole, thanks for your feedback. I'm adding next observation for: data guys. Let them to see Week chart.
  • Article / Friday at 7:52 GMT

    FX Update: Risk-off threatens more JPY gains — #SaxoStrats

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Update: Risk-off threatens more JPY gains — #SaxoStrats
    The yen powered stronger across the board on an unsettling selloff in equity markets even larger than the selloff inspired by the North Korea exchange last week. This has set the usual risk-off/risk-on demons loose in the market, and, in currency land, this means that JPY crosses will likely have the highest beta to general market sentiment.
    Read the article
  • Squawk / Thursday at 11:35 GMT
    Head of FX Strategy / Saxo Bank
    Denmark
    ECB Minutes: the first headlines from the release of the ECB minutes include mention of the currency and the risk that the euro might strengthen more than justified from economic fundamentals, a risk of "overshooting" that has the euro immediately trading offered as it suggests that ECB moving guidance to a less accommodative stance in the future will depend on the market not pricing the euro too dearly. The minutes do point to a discussion of an incremental change to forward guidance, but there was also clearly little sense of urgency on a shift in guidance from an inflation perspective as a evidence of a pickup in inflation was seen as lacking.

    Remember that EURUSD was trading around 1.1500 going into the meeting from which these minutes have been issued. The next technical objective for EURUSD looks like the 1.1600 area, while the bull market is not threatened in a more structural way until down in the 1.1500-1.1450 area.
    Read the Squawk
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