tm_market_view_2024-1024x538-1.jpg

Quiet Markets with a Shorter Week

This post was originally published on jpfs.com

Last week the markets failed to break out in any direction. With the shorter week for Easter and lack of economic data we ended the week broadly where we started.

Dollar tried to continue its trajectory higher but failed to show any real move by the end of the week US Data came in mixed with GDP higher and Core PCE in line.

Both the Euro and GBP traded in a tight range all week. The lack of any USD moves it meant both continued their sideways move for yet another week. UK GDP came in -0.3% moving into recession territory.

Commodity currencies should have performed better with the Oil rally but again it turned into a quiet week here. Oil has picked up volatility in the last couple of weeks and last week was no different. WTI rallied 3% to close above $83.

Last week was very quiet but this week we see the return of heavy-laden data. We have a large amount of PMI releases as well as Fridays NFP numbers.

Weekly Majors’ Market Performance

trademakers_market_view_020424

What is Cromwell FX?

Cromwell FX is a quantitative FX manager offering superior risk adjusted returns. The portfolio is the most liquid pairs . The strategy is fully automated and adhere to strict rick management procedures to control leverage and position limits.

The post Quiet Markets with a Shorter Week first appeared on trademakers.

The post Quiet Markets with a Shorter Week first appeared on JP Fund Services.

The post Quiet Markets with a Shorter Week appeared first on JP Fund Services.

Connect with trademakers

Follow us for the latest news & insights