Tag: daily macro commentary
Powell to Retain Cautious Approach
First Congressional Testimony to bring little clarity
It would be too much to expect Jerome Powell to use his first testimony before congress to provide...
A Difficult Week to Make Money
Support and resistances becoming a little blurred
So far this week we have seen the type of market where retail traders blame banks for “sniffing...
Fed on the Charge
Rate hikes likely to come “thick and fast”
Remember Jerome Powell? He is the new Fed Chairman. He is a lawyer and was supposed to...
Sterling Reaching its Limits 21/02/2018
“Taking profit never a bad thing”
That tends to be the comment from a trader who has taken his profit but isn’t convinced he has...
Right Direction, More to Come
Sterling fall likely to continue
Last Friday, I wrote about taking a short position in Sterling and possibly fading into it were the rally to...
No Reason to Doubt my Sterling View
Sterling level ignoring Brexit factors
As I reported on Friday I am and remain short of Sterling as the market goes through its normal phase...
Growing Debt Mountain Hits Dollar
Fiscal Policy Tops Monetary Policy
The market has moved away from expectation changes in monetary policy to offset a growing concern over inflation in the...
Equity Rally Pushes Dollar Lower
Inflation data inconclusive
Gone are the days when a Janet Yellen driven Fed. would be expected to react to inflation data that was inconclusive at...
UK Inflation Remains High
Carney words have a ring of truth.
It seems that the Bank of England has more a necessity than a desire for a stronger pound...
A Welcome Return
Trading “bug” has bitten me
I read an article recently about a guy who was saying it is possible, as a trader, to train the...