- Expert Views
Trading commentary: Saxo Bank
John J Hardy, Head of FX Strategy, Saxo Bank
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.
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.
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.
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.
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?
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.
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.
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.
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.
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?
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.
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.
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.
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.'
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.