Weekly Review. A term I heard a lot during the week starting Monday 8 September was "The rate cut rally". Only a few weeks ago, it was widely expected the FED would cut rates one more time before year end, if it wasn't going to be one cut,
Monday 8 September: NFP fallout. It is very pleasing to see Friday's NFP data hasn't as yet created a 'risk off narrative', I would suggest the USD and CAD remain 'good short options'. But also political instability in Japan places the JPY on the 'to short
Weekly Review. BOND YIELDS went on a wild journey during the week starting Monday 1 September. The week kicked into gear during Tuesday's European session, a UK cabinet reshuffle caused GILTS to rise rapidly as the market grows increasingly concerned about the government's ability to guide the economy.
NFP in focus. With Monday's 'bond rout' a distant memory, focus has turned to jobs data. And this week's numbers has seen a return of the 'goldilocks narrative' (soft but not too soft). A September FED rate cut is almost certain and the attention turns
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
