US RETAIL SALES DATA incoming. Recently, US DATA has edged towards the 'goldilocks scenario', pushing back the probability of a FED rate hike. I wonder if today's retail sales data will continue the trend.
Weekly Review A number of events conspired to ensure a generally positive risk environment during the week starting Monday 3 August. Perhaps the biggest driver was company earnings expectations, specifically regarding AI capex. It's currently thought that tech companies will see a return on the amount of money being spent,
Trade closed manually I have closed today's trade for a small profit of +0.5. I'd close the trade in an hour or so anyway but with volume dwindling and two 15min 'down-swings' formed. I'm happy to take the small profit and move on.
Trade photo and explanation. It's a strategy that has worked well recently. And for the time being, I'm sticking with 'fading CHF strength'. Especially given today's benign Swiss inflation data. I've chosen NZD long as I feel it's the currency that has
Weekly Review. War headlines took a back seat during the week starting Monday 27 July, there was a lot of other information driving the narrative and the implications on interest rate expectations remained at the fore. The FED and BOJ meetings were the highlights. At first glance, the FOMC meeting was taken
