Products
Platforms
Accounts
Inspiration
About
Support
For institutions
Log in Open account
International
CFDs and forex (FX) are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. 
Show more
CFDs and forex (FX) are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.
Show less
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

Better, if still not great, risk-reward for US dollar bears.

John J. Hardy

Global Head of Macro Strategy

Forex

A secular decline in the USD, if with annoying headline risks.

John J. Hardy

Global Head of Macro Strategy

Forex

Can anything slow the USD bear trend?

John J. Hardy

Global Head of Macro Strategy

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

Load more
Web Strats 1920x618

Our team of experts

Our in-house strategists deliver actionable insights across global markets, asset classes and tradable instruments.

Learn more about our strategists
 

Getting started is easy

Create an account

Submit your application in just five minutes

Deposit funds

Add funds quickly and securely via debit card or bank transfer

Do it yourself

Start trading on a platform that fits your experience level and needs

Content disclaimer

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.

Saxo Bank A/S (Headquarters)
Philip Heymans Alle 15
2900
Hellerup
Denmark

Contact Saxo

Select region

International
International
Products & pricing
Platforms
Accounts & service
General
Other
Legal

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.

Apple and the Apple logo are trademarks of Apple Inc., registered in the US and other countries. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.