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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Write a Squawk to John J Hardy
  • Video / Thursday at 12:16 GMT

    Quarterly Outlook: Currencies eye a bubbly 2018

    John J Hardy
    With strong momentum from an extraordinary risk-taking year in 2017, this year should prove to be dynamic. We see a weaker US dollar into year-end, particularly against the yen, and perhaps only a real liquidity crisis could pave the way for a surge in the greenback.
    watch video
  • 3d
    fxtime fxtime
    I thought it was the USA ADP at 13:30 not the Canadian ADP as shown ?
    Good overview John :-)
  • Squawk / Wednesday at 15:08 GMT
    Head of FX Strategy / Saxo Bank
    Denmark
    Bank of Canada: The Bank hiked rates as was widely expected, but interest rate expectations are off slightly as the language around the hike isn't hawkish relative to expectations and USDCAD is bid, though we'll need to see where the pair settles after some very choppy price action. The downside pivot zone is 1.2350-1.2400 and the upside zone is 1.2600-25.

    The BoC statement suggests caution on future rate hike moves, concern that US tax reform could impact Canadian investment growth, and increasing uncertainty on NAFTA. On the positive side, the language on the domestic economy was largely positive, with a raise of 2018 estimates on consumption and housing and they also noted the labor slack dropping quickly.

    On policy the BoC says there is a need for accommodation to keep inflation on target, but that economy likely warrants higher rates over time.
    Read the Squawk
    4d
    Market Predator Market Predator
    Dovish hike :) Seems to be similar like Mr. Carney from BoE last year. John, is there any time schedule regarding NAFTA agreement, please? I hold Long...
  • Squawk / Wednesday at 14:45 GMT
    Head of FX Strategy / Saxo Bank
    Denmark
    SEK: picking up a bid on comments from Riksbank's Deputy Governor Ohlsson, who says that inflation is on target, that Riksbank is nearing point to normalize monetary policy and that he can imagine a rate hike at the start of 2019. He also bemoans vulnerabilities in the Swedish banking system linked to housing, but suggests there won't be "drama" in housing. The 9.75-9.80 is the key pivot area in EURSEK.
    Read the Squawk
    4d
    John J Hardy John J Hardy
    Should be noted that Ohlsson was one of the voters against the extension of dovish guidance/QE and was also against the December Riksbank decisions, so we would...
    4d
    seas seas
    there now-9.88
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