Saxo Group Videos

Hardy: More uncertainty for USD

The market wanted good US job figures. At 223,000 it got just about what it was expecting, but Saxo's John Hardy says it's nothing to get excited about. Furthermore, the 0.1% month-on-month print for average hourly earnings was 'disappointing' he says.

Hardy says it leads to more uncertainty for the US Dollar. He warns it might send the signal to short it.

John also looks at Sterling which has rallied off the back of a Conservative win in the UK. John says this could continue in the short-term. He says EURGBP is the trade to consider as well as Cable.

03:02 minutes
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