The Old Man’s Views Nervous Markets. No Clear Direction and Lots of Noise.

I’ve traded through every “boom and bust” since the 1970s, but today’s environment is unlike anything I have seen or experienced. In this business, everyone, especially those who make comments and observations, needs to find something to be excited about and promote to clients and followers.
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The Old Man’s Views “Past Performance Is No Guarantee of Future Success”. Ask The Argentinian Football Team

In case you have missed it, a very controversial World Cup tournament is underway in the shifting sands of the Middle East.
This 4-week tournament cost much more than SBF lost his investors. Still, it has failed to damage the reputation of football as much as SBF hurt the reputation of cryptocurrencies…
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Cromwell FX Market View

Fed & BOE Hike; Payrolls Still Strong

Last week saw both the Fed and BOE raise interest rates by the expected 75bps. The initial reaction was negative as the Fed moved its terminal rate above 5% and risk assets were sold. Despite this Friday’s trading was strong and we ended the week with some market strength.   Euro underperformed during the week…

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The Old Man’s Views Whilst capitalists are in it for the money, Libertarians wish to be owners of their own lives

You cannot compare the two because one is a political theory, and the other is economic. However, from an investment or speculation point of view, making money is becoming increasingly challenging because we must consider what politicians will or might do.   I am a libertarian, and so much of what is going on today…
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Cromwell FX Market View

All eyes on the upcoming Fed

Last week was less volatile as a calm before the storm could come. The UK appointed as expected Rishi Sunak as Prime Minister which had a calming effect on the UK markets. All eyes are turning to the upcoming Fed rate decision.   Euro traded well post the ECB 75bps rate rise. Generally, the market…

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