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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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 14:14 GMT
    Head of FX Strategy / Saxo Bank
    Denmark
    Bank of Canada decision: The BoC kept the interest rate unchanged as a vast majority expected. While the statement on the outlook is mostly upbeat, it was clear, the rather aggressive rally in CAD and Canadian yields coming into today's meeting suggested that the market was expecting positive language. The most positive portion of the statement is the prediction that Canada's economy will grow slightly beyond potential for the next three years and the writing off of recent slower growth as due to temporary factors like transportation bottlenecks and new mortgage guidelines.

    On the more negative/dovish side, the statement bemoans export growth potential as limited by capacity constraints and competitiveness and ongoing uncertainty on trade policies (Trump!). As well, the positioning on inflation is that some amount of accommodation is needed despite eventual further rate hikes to keep inflation at a sufficiently high level.

    Next big CAD event risk: Friday Canada Mar. CPI data.
    Read the Squawk
    21h
    Acho Acho
    how do we trade the usd/cad
  • Squawk / Yesterday at 8:39 GMT
    Head of FX Strategy / Saxo Bank
    Denmark
    UK CPI figures so weak, the GBP rally risk a reversal without something supportive on the Brexit front. The March UK CPI was much weaker than expected at +0.1% MoM vs. +0.3% expected and +2.5% year-on-year headline and 2.3% at the core, vs. +2.7%/2.5% expected, respectively. This will likely spike expectations for a May rate hike from the Bank of England.

    EURGBP is trading at this writing back above 0.8700, the key break area on the way down and it if sustains these level, the entire GBP rally sequence risks fading for now unless we get some kind of notable breakthrough on the current round of Brexit negotiations on post-Brexit terms of UK-EU trade.
    Read the Squawk
  • Article / Monday at 7:57 GMT

    FX Update: Nervy week ahead on all fronts – #SaxoStrats

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Update: Nervy week ahead on all fronts – #SaxoStrats
    Despite Trump’s declaration of “Mission Accomplished” over the weekend after the attacks on Syria, the geopolitical environment continues to provide a worrisome backdrop. Beyond that, we’ll focus this week on sterling, with post-Brexit trade talks on tap and key UK data later this week. As well, virtually every voting Fed member is out speaking this week save for chairman Powell.
    Read the article
  • 5d
    anatolyvyacheslavoil anatolyvyacheslavoil
    This comment has been redacted
  • Article / Friday at 7:30 GMT

    FX Update: GBP breakout, USDJPY, too? – #SaxoStrats

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Update: GBP breakout, USDJPY, too? – #SaxoStrats
    EURGBP has broken down through a huge support zone and GBPUSD is threatening an upside break as well. And USDJPY is having a look above resistance as US rates pick up again. If the market can avoid unsettling geopolitical headlines over the weekend, the JPY and EUR weakness may extend here.
    Read the article
    5d
    anatolyvyacheslavoil anatolyvyacheslavoil
    This comment has been redacted
  • 5d
    anatolyvyacheslavoil anatolyvyacheslavoil
    This comment has been redacted
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