Thursday 15 May The beginning of the week positivity has stalled a little, Wednesday's malaise has carried over into the the European session. I'm currently putting the moves down to 'profit taking' as the market waits to hear chair Powell's views after last week'
Weekly Review Two currencies were at the forefront of the narrative during the week starting Monday 5 may. The USD and GBP, thanks to interest rate decisions and a trade deal between the two countries. During the early part of the week, the risk tone was tepid and we had what I
Tuesday 6 May. Regarding yesterday's trade, the CHF did eventually weaken, but the USD turned out to be the wrong currency to long. During today's European session, we had a 'risk off' feel of sorts, the S&P was down and the JPY was strong. As
Strange disconnect It's been a strange start to the week. We've had 'soft' CHF inflation data, which would ordinarily provide a 'short CHF' opportunity. Particularly as it's induced talk of the SNB returning to negative interest rates. We've also had
Weekly Review. All in all, the week starting Monday 28 April was another positive week. But it took a while to get going. The first three days were fairly tepid and it felt like the market was 'waiting for something'. That something came in the form of positive MICROSOFT and
Weekly Review All in all, the week starting Monday 21 April could be described as one of positivity. But it was a bumpy road to get there. Monday started with negativity, the tariff uncertainty compounded by president Trumps comments towards FED chair Powell. Words such as 'loser', 'always late&
In today's edition of 'What on earth is going on'? I must confess, pre April 2, I thought we'd get a flurry of 'tariff volatility' on the initial announcement. But soon after 'tarrifs' would become old news. I couldn't have been more wrong. The severity of the initial announcement has ensured tariffs
Trump softens...How long for? Comments from the president de-escalating the China and Chair Powell situations have given sentiment a strong boost. The comments were timed well considering Tuesday's strange concoction of headlines and leaked comments. Currently, the S&P is rising and the VIX is back below 30. The USD is
