The John Elfed Forex Blog

Friday 12 December

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Weekly Review

Overall sentiment has been positive ever since the market jumped on 'relatively dovish' comments from FED member WILLIAMS. And the positivity remained throughout the week starting Monday 1 December, backed up by another string of 'softish' US data and the (likely) incoming appointment of HASSETT to

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Weekly Review

It was very pleasing that, by and large, the week starting Monday 24 November was a 'risk on' week. Following on from the 'WILLIAMS' comments the previous Friday, the positive mood was enhanced by some 'goldilocks' US data on Tuesday. And the 'risk

Trading quiet markets

As North America celebrates Thanksgiving, US stock and bond markets are closed. The currency market continues as normal. 'In general' a good rule of thumb in quiet markets is that 'movent continues in the prevailing direction'. Although likely very slowly. It is very pleasing that the

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Weekly Review

Overall market sentiment was, at best, 'choppy' during the week starting Monday 17 November. A continuation of recent themes (AI overvaluation concerns / hawkish FED repricing) ensured an underlying tentativiity throughout the week and any positivity was short lived (NVIDEA earnings / GOOGLE positivity). Even the return of NFP, with

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Wednesday 19 November

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Weekly Review

The week starting Monday 10 November began with positivity. It was mooted the US government shutdown was coming to an end, combined with dovish rhetoric from Japan's government and all was well. But by Wednesday, the shutdown ending announcement didn't bring with it an extension of