Archive for November 2021
The Old Man’s Views Thanksgiving Thoughts from the Old Man
Unusually for me, I am a bit short of inspiration this week. I think it might be because of the launch of CNN Portugal last night. That happened exactly one year after they stopped the transmission of Fox News in Portugal. Then again, it might be because the people telling me to buy…
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Cromwell FX Market View Lockdown Fears Resurface
The Euro fell last week, firstly weighed by ECB comments who continued to push back the need for policy action but more importantly lockdowns across the eurozone began to become a more likely reality as Austria returned to full lockdown. Sterling had some respite being one of the strongest performers as continued expectations of a…
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Cromwell FX Market View Interest Rate Repricing
The week after the main Central Banks announced their interest rates a repricing of expectations took hold. The USD was once again the main winner as markets began pricing in an interest rate rise by June 2022 as inflationary pressures continue to build. US consumer inflation was the market driver as CPI moved to 6.2%…
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The Old Man’s Views Are you confusing hedging a position with diversifying your assets?
Because I keep away from the micro part of the business, i.e., what to buy and sell, or what happened yesterday, it is sometimes difficult to find a spark of an idea when you try to put out something every week. It would be easy to comment on this week’s collapse in cryptocurrencies and tell…
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The Old Man’s Views From Marxist Methane to Foreign Farm – and a Few Things In-between
I thought about starting this week’s report commenting on Joe Biden emitting his unique methane in front of the Duchess of Cornwall. But there is no point causing a stink! And talking of something that stinks, what about this Billionaires tax which passed into law last week. Envy is so wrong, even when millions…
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Cromwell FX Market View Central Bank Surprise?
Central banks pushed back against the markets hawkish interest rate expectations last week. RBA started the week and set the tone. While ending the yield curve control, any decision to raise interest rats in 2022 was called a complete overreaction. This pushed AUD to be the worst performer of the week. However the largest surprise…
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The Old Man’s Views Old men, power and COP26
The more I hear from the young, dynamic guys out there – those who use technology to create a positive future – the more I appreciate how truly creative and clever they are, especially if I compare them to the current batch of old men in power. In the financial world, I realize some…
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Cromwell FX Market View Euro selloff to continue? Fed and BOE meet
The Euro ended the week as one of the worst performers as the post ECB rally faded. Markets see the Eurozone lagging other major central banks in reducing their stimulus plans and raising interest rates. Australian Dollar ended the week the strongest of the major pairs as the RBA stopped defending the yield curve and…
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