Cromwell FX Market View Dollar Comes Back Strong

All major currencies lost vs the greenback as risk off continued to dominate the week. Tech stocks that started reporting moved the Nasdaq sharply lower with Netflix reporting disappointing numbers. This move lower also moved Cryptocurrencies with it. The week ahead sees Tesla and Apple report.   Euro was weakened by dovish ECB comments even…
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The Old Man’s Views Both Education and Government Policy Always Comes with A Cost

It’s been a terrible past few weeks – new investors who came to the markets expecting to see instant gains have been disappointed, but hopefully, this experience will make them better traders over the long term.   Many will be focusing on the recent collapse of cryptocurrencies. Those who remain disbelievers in this sector will…
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The Old Man’s Views Trading in Progress: Please Leave Your Emotions at the Door

When I was a young boy, I quickly learned that grabbing hold of the end of hot poker was not advisable.  Welcome to the world of blind speculation.   When speculating, there is nothing wrong in losing a bit of money; it’s all part of the game and a lesson learnt is worth its weight…
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Cromwell FX Market View Dollar Loses Ground Despite Inflationary Pressures

Strong US inflation and continued hawkish comments from the Fed failed to give any support to the USD as it sold off against all it’s major counterparts. US consumer inflation hit a 40 year high of 7% and Fed officials became more vocal for the need to raise rates. A march rise looks more certain…
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The Old Man’s Views Fruit machines ain’t finance

I came into the cryptocurrencies looking for additional products to hedge against inflation and economic decline.   What I found …was a minefield.   I appreciated the ideology behind Bitcoin, and I realised volatility was a significant issue. I also understood how the blockchain worked with miners, proof of stake, and proof of work. I…
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Cromwell FX Market View Dollar Stalls Despite Fed

With a slightly shortened week the markets started the year risk on as Omicron fears faded however with the Fed giving a more hawkish outlook stock indices suffered a deep pull back. Sterling was the strongest pair vs the USD, CAD made ground as Oil Prices appreciated back towards 80 USD. The hawkish tone was…
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The Old Man’s Views Happy New Year!

At the end of the year, we had a few people disappointed because that much forecasted 100,000 on Bitcoin starting to look little more than a dream. But hey-ho, Rome was not built in a day. I am looking forward to 2022 and watching crypto markets grow and mature. However, I am not optimistic about…
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