Archive for April 2022
The Old Man’s Views Politics and the Markets Are (Almost) Always Uneasy Bedfellows
This week we have seen more signs of the impending economic collapse. Indeed, the only thing that’s been good news is Elon Musk’s takeover of Twitter. For this old anarchist, it’s been a strange week in more ways than one. Firstly, getting the market direction right is something we all try to do. On the…
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Cromwell FX Market View Big Gains for the US Dollar
The US Dollar was the overall winner last week making impressive gains across the board. A further firming of yields and speculation of further Fed tightening propelled the USD. The market is now expecting a 50bps rate hike in May and could end the year between 2.5% and 3.5% depending on incoming data and developments…
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The Old Man’s Views You know the strange thing about getting older?
Although you find it difficult to see things close up, your vision of things further away seems to improve significantly. Last week, I went to Lisbon to enjoy some valuable face-to-face time with a few old friends. I do not have the opportunity to do this as much as I would like, but it is…
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Cromwell FX Market View US Dollar Grinds Higher
Last weeks rising yields continued. This led to a week of further downward pressure in bonds and interest rate rises. The Box and RBNZ both moved 50bps higher which caused risk assets to move lower. The shortened week for the 4 day easter holiday saw the US Dollar grind higher. The flight from risk…
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The Old Man’s Views We know more regulation is coming, so you had better get used to it
This week, I have been in Lisbon, catching up with a few people and chewing the fat with some of my old mates. Peter Kristensen of JPFS and Pedro Borges and Luis Alves Gomes, the co-founders of Criptoloja. It’s great to hear that your mates are doing so well and being out of my…
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The Old Man’s Views The Western world is committing Economic suicide
Firstly, it kicks Russia out of SWIFT, which means Russia will no longer sell its oil and other commodities in dollars, or perhaps Euros, and will now only price in Rubles or other currencies it accepts, i.e., Yuan. This move by Russia and China will make Petrodollars a thing of the past and severely damage…
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Cromwell FX Market View Quieter Week – But Eye of The Storm?
The week was quieter on many fronts. The continued war in Ukraine has now seems to have completely stalled for the Russians. The announcement of a more focused approach on the Donbas region seemed to indicate that a move for total control over the control had failed. Continued talks did not prove to garner any…
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