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.
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.

Write a Squawk to John J Hardy
  • 4d
    helicongrowth helicongrowth
    I see Trump may be about to target over to NZD.
  • Video / Tuesday at 12:45 GMT

    What's up with the euro — #SaxoStrats

    John J Hardy
    Following the French election, the euro has rallied and according to Saxo Bank's head of FX John Hardy there could be room higher moves if US numbers disappoint. However, what's more important in the long run for the direction of the euro is what happens in Greece and Italy, says Hardy.
    watch video
    Market Predator Market Predator
    Hello John. During this short video your audio is very good, if only it could be so during GMC! Sparkling candles in this video clip seem disturbing/weird....
    Market Predator Market Predator
    Sparkling candles is not there in Full screen replay mode, so it's not case any more.
  • 6d
    fxtime fxtime
    Mutualised debt is IMHO the big issue for 2017 especially with Germany/Merkel....the real spanner in the endless European largesse culture will be when Germany decides it doesn't...
    Neil D Neil D
    I really don't think that Germany has a choice- as the only real underwriter of all European financial risk! Without their input, the whole house of Union...
    fxtime fxtime the election will prove decisive as far as market trending is concerned imho.
  • Video / Monday at 7:30 GMT

    From the Floor: Macron victory sparks mighty relief rally— #SaxoStrats

    A first-round victory in Sunday's French presidential election for the centrist candidate Emmanuel Macron has ignited a sharp and broad relief rally across financial markets, with equity prices jumping and safe-haven gold and bonds sold off. Macron is tipped to handily defeat the far-right, anti-establishment contestant Marine Le Pen in the second-round ballot on May 7, but worries remain about the June parliamentary election.
    watch video
  • Article / Monday at 7:00 GMT

    Morning Markets: EURUSD basks after Macron win

    Managing editor, / Saxo Bank
    Morning Markets: EURUSD basks after Macron win
    Emmanuel Macron was the favourite going into the first round of the French presidential election and his emergence as victor ahead of the Front National's Marine Le Pen will have him as the red-hot favourite in the run off on May 7. Euro is feeling the glow.
    Read the article
  • Squawk / 23 April 2017 at 18:12 GMT
    Head of FX Strategy / Saxo Bank
    France election update: polling estimates widely cited project 23.7 for Macron and 21.7 for Le Pen based on tally of results - these are projections based on small samples - so we still have to wait for the official count. That results is largely in line with expectations going into this weekend.

    France's Interior Ministry early vote tallies show 24.2% to Le Pen and 21.4% to Macron - but these don't use the same methodology as above. Clear that we need to await official results before drawing conclusions.
    Read the Squawk
    MSN28 MSN28
    John, what do you think would be the impact on EUR if Macron and LePen go to the second round?
    John J Hardy John J Hardy
    Right now, there is talk of EURUSD gapping up around a percent on the opening on a "relief rally" as it is in line with expectations. Depends...
    Charles Asmar Charles Asmar
    LePen and Macron same score till now 23% for each one...
  • Squawk / 23 April 2017 at 18:09 GMT
    Head of Macro Analysis / Saxo Bank
    Update (interior ministry early estimate):
    Le Pen 24.2%
    Macron 21.4%

    Fillon 20.3%
    Melenchon 17.9%

    But does not change the fact that the market impact should be quite limited…
    Read the Squawk
    MSN28 MSN28
    Dear Christopher, what do you think would be the impact on EURO if Macron and LePen go to the second round?
    Dembik Christopher Dembik Christopher
    We can expect +1% but clearly impact will be limited.
    Dembik Christopher Dembik Christopher
    Thanks Cat. We will upload a video tomorrow morning.
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