Finland
Biography
I worked as a derivatives broker (mostly FX products) from 1991 to 1998. At the introduction of the euro I moved on to training, software, consulting and writing.

I've seen the ERM crisis of 1992, the Asian crisis of 1997 and the Russian crisis of 1998. In February 2000 I wrote an article with the title "On Bubbles". In July 2006 I wrote with the title "The Coming Global Real Estate Bust".

I've worked in a world where real-time market data, analytics and the Internet were not common. That has changed. What has not changed are the politicians, their crisis response and the credit boom-bust cycles.

I've seen enough to take anyone's statement with great skepticism. I hope you return the favor and also doubt everything that I write. I like to engage with my audience, so feel free to leave comments.

Specialties: options (also exotic), euro crisis, EURUSD.
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394 FOLLOWERS
Write a Squawk to Juhani Huopainen
  • Article / 6 hours ago

    Morning Markets: Draghi ready to fight

    Managing editor, TradingFloor.com / Saxo Bank
    Denmark
    Morning Markets: Draghi ready to fight
    European Central Bank president Mario Draghi may well come out swinging this morning after the US Fed's Stanley Fischer could not resist a swipe at the whole euro project last night. Expect potential EURUSD fireworks if the language gets tasty.
    Read the article
    3h
    Juhani Huopainen Juhani Huopainen
    Oh no... Basically Draghi is stating that structural reforms would - and have to - do the trick, as there will not be a federal fiscal transfer...
    2h
    Martin O'Rourke Martin O'Rourke
    Draghi's speech notwithstanding, EURUSD is up at around the 1.1196 mark at 1020 GMT and the intraday high so far is 1.12080.
    25m
    Martin O'Rourke Martin O'Rourke
    EURUSD is most definitely going the other way with a test of the 1.1100 area looking likely. The pair has dipped to an intraday low of 1.1069....
  • Article / 7 hours ago

    3 Numbers: German GDP and Ifo sentiment slow down, US CPI

    Blogger / MoreLiver's Daily
    Finland
    3 Numbers: German GDP and Ifo sentiment slow down, US CPI
    Today's data releases are not among the most important ones, as the German GDP and Ifo business climate are more or less old news. However, the GDP contributions could reveal whether domestic demand and investment are picking up, which would be a welcome shift from the current export-led model. In the US, consumer prices tell us what we already know – no inflation as of yet, but does it really matter to the Fed?
    Read the article
  • Article / 7 hours ago

    Expect Draghi to go epic after Fischer's roast

    Blogger / MoreLiver's Daily
    Finland
    Expect Draghi to go epic after Fischer's roast
    The European Central Bank's annual forum got off to a rocky start after the US Fed vice-president Stanley Fischer basically said the euro was a mistake, crisis management was too slow and the monetary union has no future without fiscal integration. This is what I think ECB president Mario Draghi believes, so I expect his speech today to go all-in, just as he did in July 2012 and in 2014 in Jackson Hole.
    Read the article
    3h
    Juhani Huopainen Juhani Huopainen
    Oh no... Basically Draghi is stating that structural reforms would - and have to - do the trick, as there will not be a federal fiscal transfer...
  • 9h
    ChavaDonios ChavaDonios
    This comment has been redacted
  • Article / Yesterday at 12:14 GMT

    Steen's Chronicle: The best of times, the worst of times

    Chief Economist & CIO / Saxo Bank
    Denmark
    Steen's Chronicle: The best of times, the worst of times
    Saxo Bank’s JABA model rarely makes significant changes to its long-term outlook, but this quarter is different. Not only do we expect a steep increase in yields but higher gold and energy prices too. This model isn't a crystal ball, but in the past it has called some reasonable early change to the macro environment and it is always a good starting point for a discussion against a consensus which is dangerously realigned.
    Read the article
    23h
    jose pires jose pires
    notable
    19h
    Astrotrader Astrotrader
    I agree 100%, well done !
    9h
    ChavaDonios ChavaDonios
    This comment has been redacted
  • Article / Wednesday at 7:00 GMT

    Morning Markets: A day of minutes

    Deputy Editor / TradingFloor.com
    Denmark
    Wednesday is a day of minutes as central banks on both sides of the Atlantic tells us what they talked about at their most recent policy-setting meetings. First up is the Bank of England at 08:30 GMT while at 18:00 FOMC takes centre stage.
    Read the article
  • Article / Tuesday at 15:46 GMT

    Markets yell 'Abandon Ship' as ECB opens its wallet

    Director / Accumen Management
    United Kingdom
    Markets yell 'Abandon Ship' as ECB opens its wallet
    As the ECB decides to allocate a greater part of its buying to the early months of its QE programme (aka frontloading) the euro tumbles down the mountainside and the dollar takes flight. While USD was certainly helped by suggestions that the US economy's travails are overstated, the real impetus behind the surge was people piling out of the euro.
    Read the article
  • Article / Tuesday at 14:52 GMT

    ECB's 'proof of life' was enough to turn EURUSD

    Blogger / MoreLiver's Daily
    Finland
    ECB's 'proof of life' was enough to turn EURUSD
    A minor adjustment in the European Central Bank's bond purchase schedule was enough to spin bond- and FX markets out of control. This suggests the euro's surprise bull run that began in mid-April can now be said to be over. And US hawkishness has not even entered the picture yet!
    Read the article
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