Macro
Saxo Market Compass - 20 April 2026
Koen Hoorelbeke
Investment and Options Strategist
The Saxo strategy team brings you the Saxo Market Call podcast, available several times a week via your favourite podcast service.
Our team of experts
John J. Hardy
Global Head of Macro Strategy John J. Hardy, CFA, has been with Saxo since 2002, most of that time as Head of FX Strategy. A native of Houston, Texas, and graduate of the University of Texas at Austin, John focuses chiefly on the thematic narratives that are driving financial markets on timeframes from day-to-day to a few months ahead, even as he is aware of the grand sweep of market history from recent decades to past millennia. John has appeared in the major financial television and print media and is sought out for his often pointed and out of consensus views on how currency, interest rate and other markets will shape up, particularly when the market narrative is getting ahead of itself or is at risk of a surprise.
Ole Hansen
Ole Hansen joined Saxo in 2008 and has been Head of Commodity Strategy since 2010. Ole focuses on delivering strategies and analyses of the global commodity markets defined by fundamentals, market sentiments and technical developments.
Charu Chanana
Charu Chanana is the Chief Investment Strategist at Saxo, based in Singapore. Formerly the Head of FX Strategy, she crafts actionable strategies across asset classes and global markets, leveraging her expertise in analysing macroeconomic fundamentals and monetary policy dynamics. Chanana is a sought-after voice and frequently contributes to top media outlets like Bloomberg, Reuters, and CNBC.
Koen Hoorelbeke
Koen Hoorelbeke joined Saxo as an Investment and Options Strategist, offering extensive expertise in investment strategies with a specialization in options trading. He delivers in-depth research and analysis on a wide range of topics, including advanced investment approaches, options strategies, market volatility, and broader financial market dynamics. Koen’s insights are designed to empower clients with a comprehensive understanding of market complexities, helping them make informed and strategic investment decisions.
Ruben Dalfovo
Ruben Dalfovo is passionate about long-term equity compounding and practical investor education. With a focus on quality stock selection, portfolio construction, and market dynamics, Ruben likes to transform complex financial concepts into clear, actionable insights tailored to investors at all levels. Influenced by Buffett and Munger, he targets quality businesses with durable moats, disciplined capital allocation, and high returns on invested capital. As an advocate for broader access to markets, he is dedicated to inspiring confidence and enabling smarter, long-term investing through transparent, data-driven communication.
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Forex
The FX Trader: A gentle USD consolidation. CAD leading the pack.
John J. Hardy
Global Head of Macro Strategy
USD rebounds but far from threatening bearish case. -
Options
Options Brief – Hormuz noise, earnings take over – 20 April 2026
Koen Hoorelbeke
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Podcast
Earnings season ramps up this week amidst pesky Hormuz Strait headline risk.
Saxo Market Call
Tesla the first of Mag7 to report earnings for this cycle. -
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Ruben Dalfovo
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Neil Wilson
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Commodities
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Ole Hansen
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Our weekly Commitment of Traders update returns highlighting future positions and changes made by he... -
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London Quick Take - Monday - Stocks slip, oil rises, dollar catches haven bid as US-Iran tensions flare up ahead of planned talks
Neil Wilson
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Macro
Market Quick Take - 20 April 2026
Saxo Bank
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