Weekly Review For a large part of the week starting Monday 22 June, USD buying was incessant. The 'FED will hike narrative', combined with fresh AI overvaluation concerns, ensured the USD was the currency in demand. But the tide slowly started to turn, in-line with expectations PCE data, created
Monday 22 June: UK Prime Minister Resigns The GBP strenghtened on upon the announcement the prime minister has resigned. Which is perhaps unusual, currencies 'usually' weaken amidst political uncertainty. The theory being, if Andy Burnham takes office, he'll likely replace Rachel Reeves. The market has always been wary of Rachel Reeves policies and
Weekly Review. Two opposing narratives vied for dominance during the week starting Monday 15 June. The week began with news the M.O.U would be signed by Friday, putting an end to any doubts. The price of oil particularly bore the brunt. But although the currencies were behaving in a risk
Part 2: My Findings After Experimenting with AI: Psychology Without question, the biggest hurdle a trader must overcome is their own actions. For a long time I've pondered: Why do we overtrade? Why do we Under trade? How often does a trader actually know the right thing to do but are unable to act on that decision?
Weekly Review Towards the end of the week starting Monday 8 June, it transpired that the M.O.U is very close to being signed. The price of oil dropped below $90, the clearest signal yet that market anticipates oil flowing through the Hormuz strait sooner rather than later. But for a
