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CFDs and forex (FX) are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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. 67% 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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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.

Forex

Don't breathe too big a sigh of relief

John J. Hardy

Global Head of Macro Strategy

Forex

Could the USD change direction on further risk aversion?

John J. Hardy

Global Head of Macro Strategy

Macro

Trumps Liberation Day tariff blitz sets world on edge

John J. Hardy

Global Head of Macro Strategy

Quarterly Outlook

Upending the global order at blinding speed

John J. Hardy

Global Head of Macro Strategy

Forex

Can fresh JPY surge hold through Wednesday, Trump’s Liberation Day?

John J. Hardy

Global Head of Macro Strategy

Forex

EURUSD set to rally again after fresh Trump tariff barrage?

John J. Hardy

Global Head of Macro Strategy

Forex

JPY grabs the lead as EUR consolidates.

John J. Hardy

Global Head of Macro Strategy

Forex

EURUSD ready for more upside? FOMC and BoJ on tap Wednesday.

John J. Hardy

Global Head of Macro Strategy

Forex

Where does EURUSD find support? And so many other questions...

John J. Hardy

Global Head of Macro Strategy

Forex

Let’s not forget USDJPY amidst EUR spike. NOK jumps.

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.

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Please refer to our full disclaimer and notification on non-independent investment research for more details.
- Notification on Non-Independent Investment Research (https://www.home.saxo/legal/niird/notification)
- Full disclaimer (https://www.home.saxo/en-mena/legal/disclaimer/saxo-disclaimer)


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All trading and investing comes with risk, including but not limited to the potential to lose your entire invested amount.

Information on our international website (as selected from the globe drop-down) can be accessed worldwide and relates to Saxo Bank A/S as the parent company of the Saxo Bank Group. Any mention of the Saxo Bank Group refers to the overall organisation, including subsidiaries and branches under Saxo Bank A/S. Client agreements are made with the relevant Saxo entity based on your country of residence and are governed by the applicable laws of that entity's jurisdiction.

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