John J Hardy, Head of FX Strategy, Saxo Bank

John J Hardy, Head of FX Strategy, Saxo Bank

Trading commentary: Saxo Bank

John J Hardy, Head of FX Strategy, Saxo Bank

Saxo Bank: A week of merely waiting for next week?

Posted on: 20 February 2017

With a paucity of USD event risks this week, it’s unclear if we’ll see a strong signal from it this week. The next key US event is Trump’s policy speech.

Saxo Bank: Wealth of US data after Yellen boosts USD

Posted on: 15 February 2017

Dovish Fed Chair Janet Yellen was relatively hawkish in her testimony yesterday, though refused to be drawn on the timing or number of rate hikes in 2017.

Saxo Bank: USD traders await Yellen testimony this week

Posted on: 13 February 2017

Fed chief Janet Yellen is one of this week's primary focuses as she prepares to give testimony before Congressional committees on Tuesday and Wednesday.

Saxo Bank: RBNZ waxes dovish, smites NZD

Posted on: 9 February 2017

The RBNZ was incredibly dovish in a statement last night that highlights it's unhappiness with the recent kiwi exchange rate, saying it needs to drop.

Saxo Bank: GBP strength impresses, USD continues to firm

Posted on: 8 February 2017

Support from a BoE official yesterday for an increase in interest rates in the UK saw the pound jump, will it stay on course after BoE agents report today?

Saxo Bank: Euro weakens as EU sovereign yields diverge

Posted on: 7 February 2017

The most salient development yesterday was a dive in European equity markets and related weakness in the euro as sovereign spreads widened sharply.

Saxo Bank: AUD bulls ponder risks as USD stays in limbo

Posted on: 6 February 2017

USD remains in limbo, with President Trump's stream of executive orders doing little to allay policy uncertainty, despite the coming unwind of Dodd-Frank.

Saxo Bank: USD woes continue after indifferent FOMC

Posted on: 2 February 2017

Chances of an interest rate hike from the Fed in March tumbled yesterday, as did the dollar, after the FOMC seemed to suggest it was in no hurry.

Saxo Bank: USD finds a bid ahead of pivotal week

Posted on: 27 January 2017

A crucial week lies ahead for the US dollar, which has finally begun to firm up after a week of losses, despite facing a few interesting data releases today.

Saxo Bank: What is the market thinking on the US dollar?

Posted on: 26 January 2017

Despite the renewal of optimism in other areas of financial markets, the weakness in the dollar continues. Will next week's Fed meeting be the answer?

Saxo Bank: USD under siege on Trump’s belligerence

Posted on: 23 January 2017

The first days of Donald Trump's presidency have seen the USD come under siege as his inauguration speech focused largely on protectionism.

Saxo Bank: Market stumbles towards Trump inauguration

Posted on: 20 January 2017

Any Trump mention of a belief that USD needs to weaken may start a broad capitulation; there is also the risk of a sell the rumour, buy the fact reaction.

Saxo Bank: Strong USD reversal pre-Trump inauguration

Posted on: 19 January 2017

Janet Yellen's speech late yesterday saw the US dollar surge against the yen in a reversal of recent fortune before Donald Trump's inauguration.

Saxo Bank: GBP eyes Brexit speech as USD falters again

Posted on: 17 January 2017

All eyes turn to Prime Minister Theresa May this morning as she outlines the UK government's plans for Brexit, anticipated to be 'clean' and 'hard.'

Saxo Bank: Sterling gutted ahead of May’s Brexit speech

Posted on: 16 January 2017

Sterling has felt the full force of Theresa May's recent hard Brexit rhetoric, reaching the lowest levels against the dollar since last year's flash crash.

 

 

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