Posts Tagged ‘Forex’
Profitable pessimism or worthless optimism?
In a recent discussion with a reader of my reports, he pointed out that although generally accurate, the pessimism was slightly(?) off-putting.
That was an entirely fair comment, and I took it on board and will address it in future reports.
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Banking Crisis on The Horizon?
Last week we saw elevated levels of volatility and uncertainty. The week before SVB was failing in the midst of a regional banking crisis. Last week we saw the SNB step into backstop Credit Suisse as the troubled lender grappled with a falling share price and a lack of confidence.
Read MoreThe Old Man’s Views It’s for times like these that Bitcoin was created!
Although BTC lost its way occasionally, it exists to protect our wealth from bad economic times and to protect us from governments with bad economic policies. I have spent the last 18 months discussing the need to create a diversified portfolio encompassing financial instruments and secure investments outside of capital markets.
The post The Old Man’s Views It’s for times like these that Bitcoin was created! appeared first on JP Fund Services.
SVB Outshines Payrolls
Last week we expected the markets to be all about the data. We had the Fed speaking early in the week which continued the higher for longer theme and the hotly anticipated monthly payrolls were due Friday.
Read MoreThe Old Man’s Views So much going on, yet so much unknown
Whilst the bond market continues to price in further economic weakness, the equity players are promoting the importance of holding value stocks. Crypto Banks are in trouble, and BTC is again coming under pressure.
The post The Old Man’s Views So much going on, yet so much unknown appeared first on JP Fund Services.
Cromwell FX Market View
Fed Higher for Longer Still in Focus
Last week quieter than expected as February came to an end. The main focus that has emerged has been the Higher for Longer as the markets look to reprice rate expectations and inflation remains stubbornly high. The DXY lost 0.7% as rate expectations for the Fed increased. Any higher for longer will have a drag on the US economy.
Read MoreThe Old Man’s Views I’ve just spent a week on my back…
I’ve just spent a week on my back in traction and yet I haven’t grown an inch! Getting old is no fun, but keeping up with the latest market developments sure keeps you busy.
In the past 18 months, the crypto and hi-tech community has moved their focus from NFTs, to the Metaverse, and now into AI.
The post The Old Man’s Views I’ve just spent a week on my back… appeared first on JP Fund Services.
Cromwell FX Market View
Fed Moves to Higher and Longer
Last week saw another week of strong data from the US. This led the market to disregard any level of terminal rates as markets look to be set for higher and longer than expected. Inflation remains strong with the risk off theme continuing. The USD showed strength with the DXZY closing +1.3% on the week.
Read MoreThe Old Man’s Views According to recent surveys…
According to recent surveys, readers of “The Old Man’s Views” are happier and better looking than those who ignore them.
The post The Old Man’s Views According to recent surveys… appeared first on JP Fund Services.
Cromwell FX Market View
CPI Surprise
Last week the US CPI was released. The surprise was to the upside with the YoY did drop for the seventh month, but January’s decline was just 0.1% to 6.4%. This was higher than the market expectation and yields push higher on the back of the release.
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