The weeks seem to be racing through. Next week we start the final round of the major Central Bank meetings and interest rate announcements. Last week we heard from FED chair Jerome Powell, who delivered what the market believed to be a more DOVISH tone at his speech and Q & A at the Brooking Institute in DC. With the “Appetizer” out of the way we move onto the “Main Course”, which will be dispatched over the coming two weeks in the run up to Christmas. So, before we start making … [Continue reading]
WHAT DOES POWELL THINK, WHAT WILL POWELL SAY?
Last week was a shortened week of trading plus, this weekend is also a long weekend for many of the bigger traders, so, as a result, we have seen a stunted FX market for quite a few days. Looking forward, we have a very busy week ahead for key data plus a speech by FED Chair, Jerome Powell, who has been noticeably silent of late when those on the FOMC couldn’t stop themselves from voicing their thoughts and opinions over the long debated FED PIVOT. Powell speaks this week at, what looked like … [Continue reading]
THE DOMINOES ARE LINING UP
Worsening and concerning Economic Data is starting to bubble up behind the voices of the Central Bank Governors, Presidents, and the ever so popular aligned spokespersons! From my perspective these pieces of data are individual dominoes forming an orderly line, from which, I am expecting a TRIGGER to pull and then the dominoes will start to fall one by one. If I know what the TRIGGER was going to be, I would NOT be writing this note! I look at this, amongst other market fundamentals in my … [Continue reading]
WILL THE FED BEND THE KNEE?
What a week in the markets and it didn’t matter what market you trade inside. If you read or hear anyone stating that they knew in entirety what the market reaction would be to the lower US CPi number printer last Thursday, inhale (if possible) to … [Continue reading]
HEADS YOU WIN TALES YOU LOSE
OCTOBER 2022: THE WEEKLY FX PREMIUM REVIEW and HEADS YOU WIN TALES YOU LOSE October was a great month for the WEEKLY FX PREMIUM and that performance has rolled over into November which has started off really strongly. The “FED PIVOT” has been … [Continue reading]
THE DOMINO EFFECT… KEEP YOUR EYES ON HOUSING PRICES
We STILL continue to trade and live in very strange times. All change through the revolving door at 10, Downing Street, the markets, for now, seem happy enough that Rishi Sunak is going to “Bend the Knee”. I never thought, I would ever witness … [Continue reading]
UNLESS YOU EDUCATE… DO NOT GIVE THE GREAT UNWASHED THE VOTE
We continue to trade and live in very strange times. What a traumatic week in the UK. Truss resigns and Boris Johnson packs up his speedos to head back to the UK to take part in the next Tory Party leadership election. You could NOT make this stuff … [Continue reading]
UK CRISIS… THE TIP OF THE ICEBERG?
We trade and live in very strange times. The LIZ TRUSS project in the UK took another series of sharp turns last week. In addition, Andrew Baily, Governor of the Bank of England basically threw his arms in the air mid-week to the markets by … [Continue reading]
AN INVESTMENT IS A TRADE GONE WRONG!
Here we are once again at the end of another week. Looking back, despite all the airtime on CNBC, FOX BUSINESS and BLOOMBERG devoted to “FED PIVOTS” and the like, since the Jerome Powell speech in Jackson Hole in late August nothing from the FED has … [Continue reading]
FX MARKET OVERVIEW Q3 2022
For those you wanted volatility in the FX market, I suppose it would be safe to say that all your Christmas wishes have come all at once. From a “Position” traders’ perspective, patience with global positions in the market really paid off as markets … [Continue reading]
ARE WE BEING SOLD THE MARKET CONDITIONS?
Wow.... last Friday was some day in the FX market, especially for the GBP related pairs 2% - 3% downside moves, even the EUR/GBP more often than not limited with its daily pip moves managed over a 1.8% move on the day. I made a few pips but to say I … [Continue reading]
ARE CENTRAL BANKS OVERCOME BY REALITY?
Yet another big week for Central Banks. I am posing the question in the “SOAPBOX” in this week’s DRIVE THRU ZOOM, “Are Central Banks overrun by events or is it much simpler than that, are Central Banks just overcome by reality?” It is looking … [Continue reading]
IF YOU SCREAM IN BRUSSELS NO ONE HEARS YOU…
At long last the ECB has joined to party and now has positive interest rates. My SOAPBOX title came I think, from a movie, that I watched a while ago. It caught my attention and really does fit the bill as a title. The bureaucracy of Brussels is … [Continue reading]
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