Tuesday 25 March. The currencies have reacted a little more negatively to today's 'slightly soft' consumer confidence data than the overall market has done, the VIX (currently) remains below 18. Historically, consumer confidence data hasn't been particularly market moving, but in these times of 'tariff uncertainty&
Weekly review The week starting Monday 17 March began with positive rhetoric and data from China. I became hopeful the recent negativity had peaked and 'risk on' trades would become viable. But as the week progressed it became apparent the market wasn't ready to dismiss 'tariff uncertainty&
China positivity massages the risk environment. The week began with positive rhetoric and data from China. And it's very nice to see the currencies behaving in a 'risk on' manner. US retail sales, whilst not fantastic, indicate the US consumer isn't ready to throw in the towel just yet. (Does
Weekly review The week starting Monday 10 March was another week I found it difficult to form a conviction in the direction of the currencies. The difficulty stems from uncertainty, the uncertainty is caused by the Trump administration and how the potential 'tariffs', 'tax cuts' and any other
Psychology: Holding a trade you don't want to be in. I often get asked, how long do your trades take to complete? My answer is anywhere between 1 and 36 hours. Ideally the aim is for a trade to complete within 24 hours and my average completion time is 16 hours. A couple of weeks ago I placed a CAD
Weekly review The week starting Monday 3 March was another week where overall market sentiment was a little sour. 'Growing growth concerns', 'tariff uncertainty' and the incumbent administrations phrase 'short term pain contributed to, what I would say, 'mildly growing concerns' for the future path
Weekly review The week starting Monday 24 February began with mild positivity during the European session. And it looked like the previous Friday's 'sell off' was a mere blip. But by the time the US session got underway, any positivity evaporated. And throughout the remainder of the week,
