Saxo Group Videos

Videos Channels Search

Hardy: The dollar's taking no prisoners

The dollar is stronger against most currencies this Thursday after the US Federal Reserve not only announced the end of its QE programme but also gave a more hawkish statement on the US economy than many were expecting.  Saxo Bank's Head of FX Strategy, John Hardy gives his reaction to what the FOMC announced and looks at the levels to watch for in major currency pairs.
EURUSD is certainly under pressure and John says we could soon see it hit its 52-week low of 1.25. The Bank of Japan is holding a meeting later and USDJPY could easily climb to 112 or even higher in coming days and weeks. However, John says it's all dependent on a raft of global macro data as to whether the dollar's strength can be maintained. 

02:24 minutes
Tags: bearish yen, dollar, dollar federal reserve, dollar growth, dollar index, dollar outlook, dollar rise, dollar strength, dollar strenth, dollar trading, dollar yen, dollar yen options, economic, economic data, economic environment, economic future, economic growth, economic outlook, economic policies, economic policy, economic recovery, economics, economy, economy macro, end quantitative easing, european growth, fed, fed bond buy back program, fed bond buying, fed chair, fed chairman, fed chairwoman, fed ends qe, fed meeting, fed minutes, fed news, fed payrolls, fed policy, fed rate hike, fed rates, fed stimulus, fed taper, fed tapering, fed yellen, federal, federal government, federal policy meeting, federal reserve, federal reserve janet yellen, federal reserve rate, federal reserve rate hikes, federal rseserve, federalreserve, fomc, fomc meeting, fomc minutes, fomc preview, forex, forex markets, forex trading, fx, fx crosses, fx forex, fx investing, fx market, fx markets, fx options, fx saxo bank, fx spot, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx trends, fx usdjpy, fx volatility, fx volatitily, inflation, interest rates, investing, investment, investment strategy, janet yellen, janet yellen federal reserve, janet yellen rates, john hardy, john hardy forex, john hardy saxo bank, john j hardy, jpy 110.00, labour market, marco, payrolls, q3, q3 gdp, qe ends, quantitative easing, quantititive easing, rate hike, rate hikes, saxo, saxo bank, saxo bank saxo tv, saxo bank trading floor, saxo bank tradingfloor.com, saxo capital markets, saxo traders, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, thrid-quarter gdp, trading, trading risks, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com insights, tradingfloor.com saxo tv, us economic data, us economy, us economy gdp, us economy improving, us job data, us job market, us jobs, us jobs data, us jobs market, us payrolls, usd, usdjpy, usdjpy currency, yen, yen 110.00, yen weakness

Switch to