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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3946 Followers
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
  • Squawk / Yesterday at 13:02 GMT
    Head of FX Strategy / Saxo Bank
    Denmark
    ECB Announcement: Today's announcement was hawkish on the surface from the ECB. The current rate of purchases was not extended beyond the already declared March of next year, but the ECB did commit to a lower rate of purchases (60B per month through December of 2017) while also saying that they could expand the programme as needed. The de facto taper caught the market off guard and sent EURUSD skyward, but it has come crashing back down again (1.0875 to now 1.0750) and could head lower still.

    After all, is the ECB doing this because it is nearing its goals (2% inflation, etc.). No - it is doing so because the ECB is the only thing holding the EU together and it is tired of this role and the EU needs to figure out its existential problems on the political side as ECB playing far too big a role.

    EURUSD needs to stay below today's high to prove the last of these points. Also watch Draghi presser, of course.
    Read the Squawk
    17h
    bvlaerhoven bvlaerhoven
    Since Japan introduced yield curve control, i was quite confident the ECB was going to implement some sort of this as well. This is even the...
    17h
    bvlaerhoven bvlaerhoven
    Tapering (or however Dragi wants to call it) and not spiking the EUR higher is a class act though. Hats off for that...
    17h
    fxtime fxtime
    Yeah agree Draghi knows how to jawbone the market favourably. Although the DAX has stalled around 11150 whilst the euro erodes. The DAX has reached its...
  • Article / Yesterday at 9:04 GMT

    FX Update: Euro traders nervously eye ECB meeting – #SaxoStrats

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Update: Euro traders nervously eye ECB meeting – #SaxoStrats
    After a whiplash-inducing turnaround to start the week as the Italian refrerendum failed to push the euro lower, the next key test for the single currency lies dead ahead with today’s ECB meeting. Given the recent euro strength, it appears that shorts are most concerned about guidance on an eventual taper of QE purchases, even if an extension is also in the offing.
    Read the article
  • Article / Wednesday at 14:36 GMT

    FX Board: EUR at the crossroads pre-ECB — #SaxoStrats

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Board: EUR at the crossroads pre-ECB — #SaxoStrats
    Euro pairs rocketed higher to start the week and the next test is tomorrow's pivotal ECB meeting and whether a near term extension of QE is the focus or the possible longer term mention of a taper. The focus for EURUSD is 1.0850. Elsewhere, divergent momentum in gold suggests squeeze risk for shorts.
    Read the article
  • Article / Wednesday at 8:57 GMT

    FX Update: USD firming, but EURUSD awaits ECB event risk

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Update: USD firming, but EURUSD awaits ECB event risk
    The US dollar has shown signs of firming again, particularly against the yen and sterling, and despite the blowup in EURUSD that started the week. But the key test for the currency doesn’t arrive until next Wednesday’s FOMC meeting, while the euro’s key test arrives with tomorrow’s ECB meeting.
    Read the article
  • 1d
    Martin O'Rourke Martin O'Rourke
    A true patriot Adam Courtenay!
    1d
    helicongrowth helicongrowth
    AUD GDP contraction was forecast by research houses so no surprise hence muted reaction.....
    1d
    Adam Courtenay Adam Courtenay
    Not at all. Two years ago some commentators were saying we'd be following in Greece footsteps...I'm still waiting...
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