Denmark
Trading strategy
Hardy’s approach to trading is always a combination of fundamental developments combined with chart-focused triggers that confirm the fundamental outlook.
Biography
John J. Hardy joined Saxo Bank in 2002 and has been Head of FX Strategy since October 2007. He focuses on delivering strategies and analyses in the currency market as defined by fundamentals, changes in macroeconomic themes, and technical developments.

Hardy has won several accolades for his work and was named the most successful 12-month forecaster for 2015 among over 30 of FX Week’s regular contributors. He writes a daily Saxo Bank’s FX Update, offers ad-hoc commentary on new central bank policies, macro-economic trends and technical, chart-based developments.

Hardy is a graduate from the University of Texas at Austin.
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Write a Squawk to John J Hardy
  • Article / Yesterday at 7:13 GMT

    FX Update: Market sending mixed signals on risk appetite

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Update: Market sending mixed signals on risk appetite
    The Turkish lira found some support on apparent intervention, and other EM’s have moved in sync, but the dollar continues to look broadly strong against major currencies, EURCHF has plumbed new depths, and most importantly, USDCNY continues to press on the topside of the range and within striking distance of 7.00.
    Read the article
  • Article / Tuesday at 7:24 GMT

    FX Update: Markets showing dreaded risk-on, risk-off tendencies

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Update: Markets showing dreaded risk-on, risk-off tendencies
    Risk appetite stabilised to a degree yesterday, but the tension level remains high as Turkey’s situation remains untenable and the market looks ahead through its fingers on the risks of collateral damage from the eventual fallout from a default and/or capital controls. Meanwhile, Italy’s two-year yield closed at a two-month high yesterday.
    Read the article
  • Article / Friday at 14:40 GMT

    EM FX Weekly: TRYing times

    Head of FX Strategy / Saxo Bank
    Denmark
    EM FX Weekly: TRYing times
    We leave this week with markets in a fragile state linked to the accelerating risk of a Turkish default, both by its banks and possibly even the sovereign eventually after President Erdogan’s defiant speech.
    Read the article
    6d
    asena asena
    😧🤕
    6d
    asena asena
    🔮
    6d
    asena asena
    🇹🇷
  • Squawk / 09 August 2018 at 11:25 GMT
    Head of FX Strategy / Saxo Bank
    Denmark
    Due to internal misunderstanding: just now became aware that this morning's FX Update didn't make it to this website. Will now squawk out the update in pieces.

    FX Update: NZD plunges on dovish RBNZ. GBP struggles
    RBNZ pushed its dovish guidance out into 2020, a move the market wasn’t expecting, and kiwi plunged to new lows for the cycle. Elsewhere, traders can’t figure out to do with the US dollar, while the Russian ruble was sent into a tailspin on new sanctions threats.
    The big dollar is flopping around with no conviction, perhaps merely owing to the increasingly low volatility summer doldrums in equity and bond markets and the lack of any of the incoming data on tap will do anything to shift expectations for the Fed’s policy trajectory. It’s a long wait for the late September Fed meeting (hike 91% priced anyway there) with the uncertainty premium greater for the December meeting – with another hike only priced at 65% odds. Elsewhere, plenty of volatility in individual currencies:
    Read the Squawk
    09 August
    Coco84 Coco84
    Any updates on the new home.saxo insights website? It was supposed to replace tradingfloor at the end of July. I see it's business as usual on tradingfloor...
    6d
    marran marran
    good question Coco84 Saxo what is happening with the new site?
  • Squawk / 09 August 2018 at 10:48 GMT
    Currency Strategist
    Uganda
    USD/CAD continues to hold rising support showing underlying strength. The issue traders need to address is the near-term Dollar resistance level area 95.26. Although the USDCAD pair looks ripe for Bullish strength, a failure of the Dollar index breaching it's resistance could see USDCAD Bulls struggle and postpone their move higher.
    Read the Squawk
    6d
    fred seru fred seru
    Forex signals*
    5d
    Morris Morris
    RSI has been giving bullish signals on the DXY! The EURUSD had the final leg down!
    5d
    Morris Morris
    Good TA! Tnx
  • Trade view / 08 August 2018 at 8:07 GMT
    Medium term
    /
    Buy

    Trade View: Long AUDUSD

    Head of FX Strategy / Saxo Bank
    Denmark
    If China is set to launch another round of stimulus to stave off the risk of its recent deleveraging attempts leading to a hard landing, Australia’s currency would benefit from the injection of fresh cash and mining activity. We enter half a position here at the 0.74225-50 area.
    Read the Trade View
    4d
    Aequitas Aequitas
    Joined it as well, though trump erdogan are all putting some salt in this soup
    3d
    marran marran
    well that didn't go well
  • Article / 08 August 2018 at 7:29 GMT

    FX Update: GBP struggles to new lows, RBNZ on tap

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Update: GBP struggles to new lows, RBNZ on tap
    Sterling continues to struggle as it posts new lows for the year versus the euro as the big 0.9000 level looms for EURGBP and Brexit breakthroughs are nowhere to be found. The euro is a bit firmer as existential risks are receding at the moment. Tonight’s RBNZ meeting an important test for NZD crosses.
    Read the article
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