That was certainly one of the most eventful weeks for a while. The Fed tied itself in knots hiking rates (and promising to do more of what it takes to cool the hot inflation) and at the same time expanding Q£ by trillions to save
Tag: yen
There is one Golden Rule in trading I observe and that is: Always Expect the Unexpected. Although I have been bearish stocks since the January high, last week’s events gave me pause for the immediate downturn. Not only did North Korea appear to cosy up
Regular readers will know I have been not so patiently waiting for this. It is a common observation that currency markets often extend trends far longer than you think possible. In Elliott wave terms, we see many extended fifth waves and these are often the
It must be great to be at the annual shindig at Davos every winter, mixing with the bigwigs of global finance and politics and receiving all their pearls of wisdom. Or not. Since I am rarely invited, I have the luxury of noting the prevailing
I recently came across this quote from the infamous James Joyce novel Ulysses: “The movements which work revolutions in the world are born out of the dreams and visions from the peasants’ hearts. ” He was writing in the early 20th Century where there were
My track record for getting major calls about right is pretty good. On 2 July, I asked: Is gold reaching a top here? And a few days later, gold made a high of $1375 and has traded down to $1320 since. That is a pretty
Long time readers of mine will know that the ‘fundamentals’ do not drive the market. It is purely aggregate sentiment that moves it. Yes, a ‘shock’ report may give it a kick (such as the Brexit hit to sterling), but markets move in waves that
The world is changing- fast. The old certainties are being overturned at a hectic pace – and women are taking over. Here in the UK, we have only our second female prime minister in history (Maggie blazed the trail in the 1980s). And over in
Market Commentary Another week of stock market churning higher and then lower by several hundreds of pips. The Dow is trading at the same level as in December – it has gone nowhere in five months, despite all the immense buying power that has
