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

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Write a Squawk to John J Hardy
  • Squawk / Just now
    Head of FX Strategy / Saxo Bank
    Denmark
    Euro rallies again on strong France and Germany flash March PMI's. The flash Markit Services PMI leapt all the way to 58.5 for the preliminary March reading, handily beating expectations and reaching the highest level in nearly six years, while the manufacturing PMI also beat with a 53.4 reading, just below multi-year from January. Germany's numbers were equally strong, with the Manufacturing PMI reading at 58.3, the highest since 2011, and the services PMI at a respectable 55.6. The Euro Zone wide flash PMI's are also up shortly and likely to show similar tendencies - offering the Euro broad support as we look for an eventual ECB taper and start to price in rate hikes for early next year.
    Read the Squawk
  • Squawk / Yesterday at 9:39 GMT
    Head of FX Strategy / Saxo Bank
    Denmark
    UK Retail Sales boost sterling. A very comeback for UK Retail Sales in February challenges the notion that UK consumers are delaying activity due to the overhang of Brexit uncertainty. The month-on-month ex Fuel figure for Feb. was a robust +1.3% and +4.1% year-on-year. Sterling is pushing into interesting territory versus the euro in the 0.8600-50 area, which looks pivotal for the near-term outlook.
    Read the Squawk
    21h
    helicongrowth helicongrowth
    I believe the qtr on qtr data show biggest fall since 2010 despite big Feb rise.....UK economy going fwd is as clear as mud......I like going against...
    19h
    opportunist opportunist
    What about FX translation - inflationary effect? At least partial explanation of higher nominal retail sales I think.
  • 1d
    trendy trendy
    Dear John, please tell me from where the emerging markets currencies are taking their movement impulses. As far as I observed, those are moving somehow contradictory, irrespective...
    1d
    John J Hardy John J Hardy
    EM currencies were generally doing their own thing recently, but most of them strong due to strong global liquidity and rising risk appetite/equity markets. Yesterday saw a...
  • Article / Wednesday at 8:00 GMT

    Morning Markets: Trump trade fortress breached

    Managing editor, TradingFloor.com / Saxo Bank
    Denmark
    Morning Markets: Trump trade fortress breached
    The Trump trade has sustained markets for more than four months, but after a sharp slide in the major indices on Wall St, Asia has followed suit and investors are taking fright. A failure Thursday to see through the repeal of Obamacare will have far-reaching implications.
    Read the article
  • 2d
    Patrick,k,Templar Patrick,k,Templar
    what up with the yens capital flow
  • Squawk / Tuesday at 9:41 GMT
    Head of FX Strategy / Saxo Bank
    Denmark
    UK CPI higher than expected. The Feb. UK CPI data came in higher than expected, with the month-on-month level reaching +0.7% MoM and +2.3% YoY vs. +0.5%/+2.1% expected, respectively, and the core CPI was out at +2.0% vs. 1.7% expected and 1.6% in Jan. This is the highest core inflation reading since mid-2014 and has UK 2 year rates 3+ basis points higher from yesterday as the market starts to price in the first Bank of England rate hike either late this year or early next (current odds rising above 40% for December hike and higher for a Feb 2018 hike) after last week's BoE meeting saw one hawkish dissenter to the no-change decision and the minutes suggested many are beginning to lean for a hike if inflation continues to come in higher.

    1.2400 is an important area on the GBPUSD chart, so if the price action remains above, the focus switches higher to the 1.2700+ range highs again.
    Read the Squawk
    2d
    Martin O'Rourke Martin O'Rourke
    John will have more to say on this in his upcoming webinar at 1230 GMT. Sign up here: https://www.home.saxo/education/webinars or link directly to the webinar here: https://saxobank.adobeconnect.com/thefxmarketupdate/...
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