Denmark 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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  • Update / 4d
    Added related Stop If Bid Order to buy 28,000 AUDUSD FX Spot @ 0.93910 Good Till Cancelled
    Update / 4d
    Updated: related Stop If Bid Order to buy 28,000 AUDUSD FX Spot @ 0.93730 Good Till Cancelled
    Update / 4d
    Bought 28,000 AUDUSD FX Spot @ 0.93760 to close a position
  • Squawk / Wednesday at 13:19 GMT
    John J Hardy John J Hardy
    Head of FX Strategy / Saxo Bank
    Denmark
    Strong US March production data counters somewhat weak US housing starts data: US March Industrial Production comes in at +0.7% MoM vs. +0.5% expected, but on top of a very large revision of Feb. data (a further net +0.7%). US March Capacity Utilization jumped strongly in March as well to 79.2% vs. 78.7% expected and 78.8% in Feb. These are strong numbers that should be USD supportive.
    Read the Squawk
    4d
    Jim Earls Jim Earls
    I'm just wondering how much credence can be given to economic data considering the underlying backdrop of interest rate distortions. Certainly, a near zero percent short-term...
  • Squawk / Wednesday at 8:35 GMT
    John J Hardy John J Hardy
    Head of FX Strategy / Saxo Bank
    Denmark
    GBP jumping on strong employment data. UK Feb. Employment Change (3M/3M) at a robust +239k vs. +90k expected and +105k in Jan. and the Unemployment Rate drops to 6.9% vs. 7.1% expected and 7.2% in Jan. GBP jumping on this. This certainly argues for the "slack" in the UK economy looking smaller than Carney has suggested and takes the unemployment rate suddenly below the old 7.0% threshold that was recently abandoned. EURGBP is dropping to new local lows and GBPUSD is within striking distance of the 1.6820 cycle highs.

    March Jobless Claims Change was out at -30.4k vs. -30k expected and -37k in Feb.
    Read the Squawk
  • Update / 6d
    Updated: related Stop If Bid Order to buy 25,000 EURUSD FX Spot @ 1.38410 Good Till Cancelled
    Update / 6d
    Bought 25,000 EURUSD FX Spot @ 1.38148 to close a position
    Update / 6d
    Cancelled: related Stop If Bid Order to buy 25,000 EURUSD FX Spot @ 1.38410
  • Saxo TV / Monday at 10:10 GMT

    To QE or not to QE?

    Angus Walker
    After a week of robust growth for the currency, ECB president, Mario Draghi commented on Saturday that "a further strengthening of the exchange rate would require further stimulus." Draghi has warned investors of the possibility of quantitative easing for months now, yet the ECB’s comments have remained unconvincing, until now. The directness of Draghi’s remarks over the weekend does appear to have some some investors accepting the ECB’s claim.
    See the video
  • Squawk / Monday at 9:09 GMT
    John J Hardy John J Hardy
    Head of FX Strategy / Saxo Bank
    Denmark
    Kiwi under significant pressure this morning as Friday's attempted comeback from a sell-off is failing again. AUDNZD is poking at a key resistance zone in 1.0850/1.0875 and a significant sell-off wave toward 0.8525 would begin to confirm that the NZDUSD chart has done all it can to the upside for now. I'm not seeing any specific news catalysts for this move, as in fact we saw a NZD-supportive Services survey out overnight in Asia. Rather, I think this is a bout of profit taking on extreme long-kiwi positioning of late and nervous equity markets finally taking their toll. The latter could prove particularly powerful in pressuring the kiwi further if we see the recent risk-off move deepen and broaden globally..
    Read the Squawk
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