Weekly Review The week starting Monday 26 May was another week of changeable headlines, highlighting how fragile overall market sentiment remains. The week began with positivity following the president's announcement that fresh tariffs on Europe would be delayed. The 'risk on' mood was given an extra boost by
Tuesday 27 May So far, I haven't had enough conviction to place a trade this week. Weekend news of a delay to Europe tariffs (market positive), plus reports the MOF in Japan are considering curbing the rise in Japanese yields (JPY bearish), has put my recent switch to a 'underlying
Weekly Review I began the week starting Monday 19 May with an 'underlying risk on' bias. And ended it with a 'risk off' bias. The warning signs where there with the downgrade to the US credit rating, which hit the US dollar in particular. But initially, the downgrade
Thursday 22 may Two words at the forefront of the markets mind at the moment are BOND YIELDS. Although by long term historical standards, yields are relatively low. In the modern world, the prospect of a US 10 year above 5% is causing the market a little concern. Even though it's
Weekly Review The week starting Monday 12 May began with 'tentative positivity' with news of positive Tariff negotiations, particularly regarding China (tariffs are reduced for the time being). 'Risk assets' gapped higher. The positivity was given an extra boost on Tuesday with lower than expected US CPI data,
Thursday 15 May The beginning of the week positivity has stalled a little, Wednesday's malaise has carried over into the the European session. I'm currently putting the moves down to 'profit taking' as the market waits to hear chair Powell's views after last week'
Weekly Review Two currencies were at the forefront of the narrative during the week starting Monday 5 may. The USD and GBP, thanks to interest rate decisions and a trade deal between the two countries. During the early part of the week, the risk tone was tepid and we had what I
Tuesday 6 May. Regarding yesterday's trade, the CHF did eventually weaken, but the USD turned out to be the wrong currency to long. During today's European session, we had a 'risk off' feel of sorts, the S&P was down and the JPY was strong. As
