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 8:15 GMT

    FX Update: US yields dominate the outlook

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Update: US yields dominate the outlook
    The US dollar appeared ready for a bout of weakening after weak inflation and retail sales data – but the US treasury market wouldn’t cooperate and the lifting all along the US yield curve drove a USD bounce into the close of last week’s trading.
    Read the article
    1d
    ozgur hatipoglu ozgur hatipoglu
    Hi John,
    It was pretty interesting that rates did not respond to weak US data as you said. But this week, monthly options on futures of interest rates...
  • 5d
    bravo4019 bravo4019
    Nieve question I suspect... regarding AUDUSD with "speculative positioning is a bit crowded, making for halting progress lower."
    Would this be speculative positioning short on the pair?
    If so...
    5d
    Romanatrader Romanatrader
    Dear Bravo 4019 AUD USD is still in downtrend...next target is 0,7000 +-
  • Squawk / 07 September 2018 at 12:42 GMT
    Head of FX Strategy / Saxo Bank
    Denmark
    US Jobs report shows bigger than expected earnings jump. The focus in today's August US jobs report is on the jump in average hourly earnings after a number of months of no pick-up in wage inflation. The August data showed a +0.4% month-on-month rise in the average hourly earnings data series and an annual increase of +2.9%, vs. +0.2%/+2.7% expected, respectively. That annual increase is the highest for the cycle and the highest since 2009 and FX traders are taking notice, bidding up the US dollar in kneejerk fashion in anticipation that the Fed will have no choice but to continue hiking rates at coming meetings.

    The payrolls data looks to be largely ignored (+200k, slightly more than consensus expectations, but revisions of prior two months were -50k) and the market also appears to be ignoring a rather weak Household Survey (though it has a volatile history), which saw the Aug. Unemployment Rate steady at 3.9% even with a drop of 0.2% in the participation rate.
    Read the Squawk
    07 September
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    07 September
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  • Article / 07 September 2018 at 8:26 GMT

    FX Update: Bracing for new tariff impact

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Update: Bracing for new tariff impact
    The comment period for President Trump’s tariffs on $200 billion in Chinese imports expired yesterday, leaving markets uneasy and bracing for the implementation plan and China’s response. Trade wars continue to wear on risk appetite, keeping emerging markets volatile and driving a fresh bout of yen strength.
    Read the article
    07 September
    ambro ambro
    Indeed struggling to reconcile eurchf vs btp performance
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