Archive for June 2022
Cromwell FX Market View Relief Rally After Central Banks Move
Last week the relief rally people had been expecting finally came. As markets looked to digest the moves of the central banks and upcoming 2022 first half ending we saw the US Dollar give back a little. This was accompanied by yields falling and risk assets rising as the fall in commodity and energy prices…
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The Old Man’s Views To err is human, but you need a computer or a politician to mess up completely
I am not one for delving deep into every technical product’s nitty-gritty. But it appears that there are a few programming errors across the crypto blockchain industry, which is worrisome. I am no expert on such matters, and it would be wrong for me to criticize or point fingers, but there is no question…
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Cromwell FX Market View Central Banks Make Their Move
Last week saw the central banks look to tighten further as inflationary pressures continue to loom. The Fed was particularly hawkish raising by 75bps but the week also had the SNB delivering a surprise 50bps while the BoE’s 25bps had an underlying hawkish note with 3 members looking to raise by more. The Euro had…
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Cromwell FX Market View Return of The Dollar
Last week major markets were rangebound till later in the week. Stagflation fears rose as the usually cautious ECB pre committed to rate rises in July and September and US CPI hit a 40-year high which triggered a sell off across all risk assets, pushing yields higher and the US Dollar stronger. The Euro struggled…
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The Old Man’s Views Nowhere to run to baby, nowhere to hide!
That’s a song by Martha Reeves and the Vandellas from 1965. It is also the current situation for the whole of humanity. Having preached about the coming of the present economic situation for over 6-months, I am not going to carry on preaching. Let me discuss where I am. I have fared much better…
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The Old Man’s Views Are We in an Investor’s Market or a Speculator’s Market?
Do you know enough about market movements to keep your money invested? With a very impressive start to the week, the gung-ho brigade started to flock back to social media and forecast massive gains. Yet 24-hours later, all we could hear was, WTF! Emotion is a beautiful thing! Back in the real world,…
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Cromwell FX Market View US Dollar Rebounds. Markets Look For Direction
Last week the US dollar reversed the decline seen over the last couple of weeks. Modest gains were made as rising yields and stronger than expected NFP number saw elevated volatility in risk assets The Euro had a mixed week as more ECB comments became hawkish. With Eurozone inflation running in excess of 8%…
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The Old Man’s Views Questions We Need to Ask
In these crazy times when global economies are about to fall off the cliff, there are some questions we need to ask. No one knows what will happen tomorrow, so everything is a guesstimate. Qualified, maybe, but still a guesstimate. Most serious analysts are still expecting weakness as we go forward, both on…
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Cromwell FX Market View US Dollar To Continue Correction
Last week we saw the US Dollar fall once again as short covering fuelled a bounce in risk assets. The Fed is beginning to give a clearer indication as to where it think the Fed funds will be with the risk being that market expectations are disappointed. The Pound which although gained ground vs…
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