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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393 FOLLOWERS
Write a Squawk to Juhani Huopainen
  • Article / 10 hours ago

    Daily Shot: So much for contagion!

    TradingFloor.com Team / Saxo Bank
    Denmark
    Daily Shot: So much for contagion!
    Resilience seems the name of the game ahead of Sunday's EU referendum in Greece with most local markets (except Greece, of course) steady or higher. DAX futures have stabilised, peripheral bonds are bid and periphery CDS spreads (again, outside Greece) remain low. Elsewhere, we've got good news from China and in the commodities sphere, grains are flying high.
    Read the article
  • Trade view / Yesterday at 9:51 GMT
    Day trade

    Dax looks to shrug off Greek disappointment

    Director / First4Trading
    United Kingdom
    As Dax prices opened 500 points lower yesterday, the outlook looked bleak for Dax longs. However, after stops were spent, buying interest quickly forced a 50% recovery of the losses. A similar start to today has resulted in early losses reversing and after an inverted hammer yesterday, we now expect further buying interest to assist in filling the daily gap.
    Read the Trade View
  • Squawk / Yesterday at 9:09 GMT
    Head of Macro Strategy / Saxo Bank
    Denmark
    Euro area inflation has ticked lower, but unemployment is unchanged:

    Inflation cooled a bit in the euro area in June, according to a preliminary Eurostat estimate. Consumer prices are up 0.2% in June compared to the same month a year ago - when oil prices started their descent - while core consumer prices are up 0.8%. Both figures were expected and come on the back of prints of 0.3% and 0.9%, respectively, in May. A lower base effect (due to oil prices) may help push inflation up a bit in the second half of the year, but inflation will stay low as spare capacity is plentiful.

    The unemployment rate is unchanged this month at 11.1% - highlighting the amount of spare capacity. The unemployment rate is so far down only 1 percentage point from the peak in 2013 despite two years of (admittedly modest) growth. Employment is growing though.

    EURUSD is trading down 0.7% at 1.1160 so far today.
    Read the Squawk
  • 1d
    Martin O'Rourke Martin O'Rourke
    Read what Saxo Bank chief economist Steen Jakobsen has to say about the wider ramifications of the Greek crisis here. https://www.tradingfloor.com/posts/beyond-the-brink-5377487
  • Article / Yesterday at 6:39 GMT

    Beyond the brink

    Chief Economist & CIO / Saxo Bank
    Denmark
    Beyond the brink
    There is exactly the same feeling in the air as before the Lehman default. The market is chasing "good hedges", which don’t exist, and my advice of taking a six-month holiday from markets unfortunately looks like good counsel.
    Read the article
    1d
    peter peter
    why not to short?
    1d
    Martin O'Rourke Martin O'Rourke
    Read what Saxo Bank head of forex strategy John Hardy has to say about the impact on the euro and how the common currency is so far...
  • Article / Monday at 15:15 GMT

    What happens after the Grexit and what to watch out for

    Blogger / MoreLiver's Daily
    Finland
    In my third article on Greece, I outline what will be next on the agenda. Losses from Greece will have to be handled somehow, and the European Central Bank will do what is expected from it - but nothing more, and nothing less. The key will be how the European institutions handle the country-specific economic control - too much or too little, someone will become alienated.
    Read the article
  • 2d
    Michael O'Neill Michael O'Neill
    You are so right, Clare. It's like hiding in an ammunition dump to escape a fire.
    2d
    Simon Kjaer Simon Kjaer
    If not for the severity of the situation, I would have chuckled at your metaphor, Michael.
    2d
    Martin O'Rourke Martin O'Rourke
    European markets are taking a bit of a hammering today, something one of our London-based contributors, Adam Seagrave pointed to in From the Floor this morning. Euro...
  • Article / Friday at 15:30 GMT

    Contagion from Greece: don't worry - yet

    Blogger / MoreLiver's Daily
    Finland
    Contagion from Greece: don't worry - yet
    There will be no contagion from Greece. The euro area's leaders have blocked every channel that could cause harm. The only remaining contagion channel is themselves, as they will now be unable to complete the monetary union as a result of their actions over Greece.
    Read the article
    5d
    Juhani Huopainen Juhani Huopainen
    Damn, forgot the table. Here:
  • 5d
    Bricx Bricx
    This comment has been redacted
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