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How to trade a more hawkish surprise from FOMC: Hardy

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March 15, 2016 #saxostrats, aud, audusd, aussie, aussie dollar, canadian dollar, commodity currencies, dollar, ecb, ecb meeting, ecb policy, em currencies, fed, fed chairman, fed meeting, fed policy, fed rates, federal open market committee, federal reserve, federal reserve rate hikes, federalreserve, fomc, foreign exchange, forex, forex idea, forex market, forex markets, forex saxo bank, forex trading, fx, fx crosses, fx forex, fx investing, fx market, fx markets, fx options, fx strategy, fx trade, fx trade idea, fx traders, fx trading, fx volatility, saxo, saxo bank, saxo tv, saxotv, trading, tradingfloor.com, usd, usdcad, usdcad trading
The market continues to believe a rate hike at Wednesday's Federal Open Market Committee meeting is highly unlikely. Saxo's John Hardy thinks there is a 25-30% risk the FOMC could raise rates by 0.25%. He believes the market is ignoring the potential for a hawkish surprise.

Hardy discusses what FX traders could do ahead of the meeting. He explains why he is looking at a USDCAD call option. 

And you can read more about his #SaxoStrats trade here.