Weekly Review. The week starting Monday 25 August ended where it began, with roughly an 85% likelihood of a September FED rate cut. There was a lot of external noise in-between. But all the while, the currencies 'movement' remained fairly muted. Given the reaction to chair Powell's speech
Summer lull + month end = disgruntled Goodness me, in ten years of trading Forex, I don't think I've ever been as disgruntled. Really, I shouldn't use words such as 'disgruntled', 'hope' or 'expectation' They are all words that induce emotion. But, we are only
Tuesday 26 August It's been a fairly subdued start to the week, I was a little disappointed USD selling didn't continue on Monday. I couldn't see a particular reason for USD strength. Maybe profit taking following Friday's move? Maybe just 'summer lull trading'
Weekly Review The week starting Monday 18 August began with muted sentiment as the market had CHAIR POWELL'S JACKSON HOLE speech on its mind. Uncertainty over what MR POWEll would say caused an overall lack of conviction in the market. Uncertainty surrounding ongoing UKRAINE peace talks added to the pensive
Tuesday 19 August: A quiet week ahead? It's been a subdued start to the week, which I'm putting down to a bit of disappointment regarding ongoing UKRAINE talks and apprehension ahead of JACKSON HOLE. It's a shame MR POWELL'S speech is on Friday and not earlier in the week.
Weekly Review As with many recent weeks, the week starting Monday 11 August had an overall positive risk environment. A tentative US / CHINA trade truce, hope for peace in the UKRAINE and MR BESSENT pushing for a 0.5bp FED rate cut, all contributed to the positivity. Although 'soft' data
Weekly Review It was nice to see that throughout the week starting Monday 4 August, in the main, the currencies behaved as you would expect in a 'risk on' environment. The underlying positive tone was this week helped by the narrative that a softening US Labour market is likely to
USD,JPY, CHF. Plus a little bit of psychology. A fairly subdued start to the week kicked into life with some USD selling today. It's worth noting how much difference a week can make. Following chair Powell's press conference this time last week, I started to wonder if there would be 0 FED rate cuts
