The Old Man’s Views Thank God for the Sunshine. But not the drought.

Once again, it’s been a week with very little substance to report. Joe Biden is still the worst President in American history. Last week he told us he had cancer, 24 hours later, they told us he had Covid. This week I expect they will say to us he has caught Monkey Pox! (which he…
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Cromwell FX Market View ECB Surprise

Last week saw the US Dollar finally move lower after several strong weeks. With inflation remaining high and mixed economic data markets saw no clear path for accelerated tightening by the Fed in the upcoming meeting.   Euro moved higher and away from parity as the ECB surprised the market with a 50bps rate hike.…
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The Old Man’s Views When the sun is shining, all is right with the world

Summer “silly season” is upon us, and if you are not now taking a well-earned break, you should do it. Downside momentum is still with us, but it has dramatically decelerated to a point where some people are now looking to go long for a quick rally. I hope the rally takes place because it…
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Cromwell FX Market View Euro Reaches Parity Briefly

Last week saw the US Dollar squeeze higher. With the Euro briefly breaching parity talk turned to the Fed and a possible 100bps rate rise this month. Investors are still expecting just a 75bps this month which helped later in the week as the Euro rebounded and could lead to short covering. Euro eventually gave…
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Cromwell FX Market View Euro Suffers as Russia Turns The Taps… Down

Last week the US Dollar was strong, helped by improved economic data and a surplice NFP number. The strength persisted all week as the DXY moved 1.7% higher to close at 106.89. Euro was the worst performer as the talk of energy rationing took its toll on the single currency and a move to parity…
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The Old Man’s Views As an adviser during these dangerous times, how are you dealing with questions and complaints?

As I’ve never been a salesman, my direct involvement with non-professional investors has been minimal, However, that does not mean I have not received complaints when my advice goes wrong, and investors lose money. After spending hours on the phone and listening to clients’ complaints, salespeople can become much angrier than their investors, and they…
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The Old Man’s Views It’s holiday time, so no more doom and gloom?

The sun is shining, the holidaymakers are happy, and it’s time to enjoy life. We are still far from seeing a return to economic growth, but by now, most people have committed to what they will do investment-wise, so what’s the point of remaining grumpy? We’ve all made our bets. Now it’s time to see…
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The Old Man’s Views Is the End of the World Nigh?

6-months later, and YouTube is suddenly awash with videos by esteemed oracles, claiming, “Most people do not know what’s coming”. Hopefully, the readers of my shit have been preparing for months!   Today’s social media, like the mainstream media, is about as valuable to traders as bicycles are to a fish.   SP500 has had…
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