Nvidia earnings boosts risk sentiment. Yesterday's FOMC minutes offered no surprises to the market and were met with a muted reaction. So it was left to Nvidia's earnings to create the market sentiment. And goodness me, it didn't disappoint, with much better than forecast earnings giving risk sentiment a
FOMC minutes on the agenda. Sometimes the FOMC minutes move the market, sometimes they don't. In today's market of extreme interest rate sensitivity, there is a good chance the minutes could create volitility. And it would be worth considering closing any ongoing trades a little before the release. In other news,
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USD at a crossroads. Cast your mind back to November 2023, when the 'FED pivot' finally happened (chair Powell's announcement, there would be no more rate hikes). Risk assests rallied strongly and the USD sold off. Then came 2024, and the start of the year saw strong data release after
Thursday 15 February. During the Asian session, soft GDP data from Japan backs up possibility of the BOJ not hiking rates for a long time (if at all) but strangely, the JPY strengthened in what I can only imagine to be profit taking as traders are wary of intervention talk whilst USD JPY
Wednesday 14 February. Soft CPI data from the UK sent the GBP lower and was arguably an 'in the moment news trade' GBP short for anyone at the charts at the time of the release. But with GBP USD now sitting 25 Pips away from daily support, and considering the news
USD JPY. with today's trade complete, the question now becomes: How high can USD JPY go? The fundamentals certainly back up a continued run higher. A look at the weekly chart shows the close of a swing at 151.50 as the next serious resistance. And I think whilst any
