Catalyst opportunity. Lower than expected GBP unemployment has given the GBP a bout of strength and created a potential GBP catalyst opportunity. Unfortunately, the best time to have taken the trade would have been on the announcement of the news as an 'in the moment' trade. But the GBP still
The week ahead. With no significant data releases on monday, we could see quiet trading until tomorrow's main event, US CPI. Although scheduled FED speakers and the BOE'S Bailey do have the potential to move the USD and GBP today. The risk to the recent USD strength ( higher for
Currency overview. It was mildly frustrating to arrive home to see today's trade stopped out before carrying on up, and I still think the near term direction of USD JPY is up. But whilst I await the next fresh catalyst to trade. Here are my current thoughts on the currencies.
Weekly review. Week staring Monday 29 January was certainly a down and up roller coaster for the USD. The week started with all eyes on Wednesday's FOMC meeting. Where chair Jerome Powell effectively ruled out any chance of a match rate cut. Strongly indicating May would be the month. In
The state of play. I have some good news and some bad news. The good news is, following Mr Powell yesterday suggesting a US rate cut is likely in may, and because the US economy is still performing reasonably well despite the recent hiking cycle. It now appears that the 'soft landing'
Wednesday 31 January. Yesterday's trade hit it's stop loss as choppy trading continues in the run up to the FOMC meeting. The AUD is under pressure thanks to a soft CPI print, which brings into question when the RBA will consider cutting interest rates. On today's agenda,
