Saxo Bank - Articles and news items

Saxo Bank launches Saxo TV

Banking news, News / 23 May 2013 /

Saxo Bank, the multi-asset online trading and investment specialist, has launched Saxo TV, led by the former Bloomberg TV News anchor, Owen Thomas, to provide on-demand business and financial analysis. Saxo TV is integrated with TradingFloor.com, Saxo Bank’s social financial investment community. (more…)

The JPY short squeeze is on. Market moves a blast from the past

Trading commentary: Saxo Bank / 23 May 2013 / John J Hardy, Saxo Bank

The old market pattern of USD strong and JPY stronger has come back with the biggest downdraft in risk appetite in recent memory. Even CHF has picked up the old safe haven refrain. Stay careful out there. (more…)

GBP weakening again. JPY awaits Kuroda press conference

Trading commentary: Saxo Bank / 22 May 2013 /

The market is bidding up Euro’s across the board as GBP, CHF and JPY were all weak yesterday. Kuroda’s press conference needs to feed the hungry JPY bears or we risk consolidation soon. (more…)

Aussie continues its plunge, while GBP tries to put up a fight

Trading commentary: Saxo Bank / 16 May 2013 / John J Hardy, Saxo Bank

The Aussie can’t catch a bid and a key trend-line in AUDUSD is in play this morning. Meanwhile, sterling is trying to put up a fight after yesterday’s BoE inflation report. (more…)

JPY crosses to get a nosebleed? EURUSD downside opens up.

Trading commentary: Saxo Bank / 15 May 2013 / John J Hardy, Saxo Bank

USDJPY is getting a bit lonely as the JPY sell-off momentum is beginning to fade elsewhere – correction time soon? Meanwhile, EURUSD breaks local support on the weak German GDP data. (more…)

Risk degrees of separation

Latest issue / 9 May 2013 / Simon Watkins, Columnist, FX-MM

Simon Watkins examines the risk-on risk-off (RORO) phenomenon and the need for a more intelligent approach towards investment risk. (more…)

AUD and NZD rush higher on jobs data. BoE on tap.

Trading commentary: Saxo Bank / 9 May 2013 / John J Hardy, Saxo Bank

Both of the Antipodeans report much better than expected job growth, catching the short-term market off guard and squeezing shorts. But for Australia in particular, the significance of the data is questionable. (more…)

NZD plunges on RBNZ intervention. EURUSD remains in range limbo.

Trading commentary: Saxo Bank / 8 May 2013 / John J Hardy, Saxo Bank

The RBNZ recently intervened as it felt the kiwi is overvalued as the ranks of Abenomics’ enemies swell. Meanwhile, the EURUSD remains in the desperately boring 1.3050-1.3150 zone for the moment. (more…)

ECB better ease or else – EURUSD set for 1.3000 test again

Trading commentary: Saxo Bank / 2 May 2013 / John J Hardy, Saxo Bank

Euro looks set to weaken just about any way I can slice it in the wake of today’s ECB meeting, but how and against which currencies is the key question. Meanwhile, AUD is pushing at key support. (more…)

Are we going off the rails of the Market Crazy Train?

Trading commentary: Saxo Bank / 1 May 2013 / John J Hardy, Saxo Bank

There’s no doubt about it – this market is a crazy train. And the next few days tell us whether we can continue to barrel forward as is or whether we finally see the crazy train derailed by reality. (more…)

All eyes on Japanese inflation data and BoJ tonight

Trading commentary: Saxo Bank / 25 April 2013 / John J Hardy, Saxo Bank

We’ve been trading up under the 100 level in USDJPY all week – it’s time for either a test of that level or a steep consolidation as there is too much anticipation out there for the pair to stay in a tight range. (more…)

When does the 1.3000 magnet release EURUSD?

Trading commentary: Saxo Bank / 24 April 2013 / John J Hardy, Saxo Bank

The market remained extremely rangebound as the 1.3000 magnet in EURUSD continued to exercise its pull ahead of the pivotal German IFO survey. AUD and CHF are looking weak and could continue to do so. (more…)

SEK, GBP and CAD in the spotlight today

Trading commentary: Saxo Bank / 17 April 2013 / John J Hardy, Saxo Bank

We’ve got a busy calendar today in Europe and North America, with a Riksbank meeting, Bank of Canada meeting and UK BoE minutes up today. Is GBPUSD ready to sell-off yet? (more…)

LAST MEN STANDING:FX white labelling outlook

April 2013 / 11 April 2013 /

Will the white labelling old guard manage to maintain their competitive edge, or are there too many young upstarts waiting in the wings? Simon Watkins investigates. (more…)

Employment data gives AUD pause. When will EURUSD pivot lower?

Trading commentary: Saxo Bank / 11 April 2013 / John J Hardy, Saxo Bank

AUD is pulled in two different directions – the BoJ liquidity bonanza and risk appetite pulling it up but Aussie fundamentals suggesting little fuel for further upside. Meanwhile – looking for signs that EURUSD is ready to pivot lower. (more…)