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CFDs and forex (FX) are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. 
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CFDs and forex (FX) are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX, or any of our other products work and whether you can afford to take the high risk of losing your money.
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Picture of John Hardy
Picture of John Hardy
Saxo Bank

John J. Hardy

Global Head of Macro Strategy

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.

Picture of John Hardy
Forex

The FX Trader: Choice of Warsh as Fed Chair slows USD decline.

John J. Hardy

Global Head of Macro Strategy

Forex

The FX Trader: Trump turbocharges USD drop ahead of FOMC.

John J. Hardy

Global Head of Macro Strategy

Forex

The FX Trader: Coordinated JPY intervention?

John J. Hardy

Global Head of Macro Strategy

Forex

The FX Trader: RBA hike incoming?

John J. Hardy

Global Head of Macro Strategy

Forex

The FX Trader: Japanese bond sell-off ramps up pressure on JPY.

John J. Hardy

Global Head of Macro Strategy

Forex

The FX Trader: Fresh JPY pressure on snap election talk.

John J. Hardy

Global Head of Macro Strategy

Quarterly Outlook

Q1 Outlook for Traders: Five Big Questions and Three Grey Swans.

John J. Hardy

Global Head of Macro Strategy

Forex

The FX Trader: USD rally fizzles. Can AUD stick a new uptrend?

John J. Hardy

Global Head of Macro Strategy

Forex

The FX Trader: USD posts comeback despite weak US data.

John J. Hardy

Global Head of Macro Strategy

Forex

The FX Trader: Dovish Fed drives USD weakness, but how far?

John J. Hardy

Global Head of Macro Strategy

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None of the information provided on this website constitutes an offer, solicitation, or endorsement to buy or sell any financial instrument, nor is it financial, investment, or trading advice. Saxo Bank A/S and its entities within the Saxo Bank Group provide execution-only services, with all trades and investments based on self-directed decisions. Analysis, research, and educational content is for informational purposes only and should not be considered advice nor a recommendation.

Saxo’s content may reflect the personal views of the author, which are subject to change without notice. Mentions of specific financial products are for illustrative purposes only and may serve to clarify financial literacy topics. Content classified as investment research is marketing material and does not meet legal requirements for independent research.

Before making any investment decisions, you should assess your own financial situation, needs, and objectives, and consider seeking independent professional advice. Saxo does not guarantee the accuracy or completeness of any information provided and assumes no liability for any errors, omissions, losses, or damages resulting from the use of this information.

Please refer to our full disclaimer and notification on non-independent investment research for more details.

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