It was one word that dominated the first half of the last trading week… patience. Would it be taken out of Fed speak and thus indicate a move towards the beginning of the US tightening cycle? The answer came on Wednesday from the lips of chairwoman Yellen who did...
Viktor Frankl once famously said that “Between stimulus and response, there is a space. In that space is our power to choose our response. In our response lies our growth and our freedom.” In his extraordinary circumstances as a holocaust survivor, this is a profound...
After last week’s dramatic NFP numbers the rise in the USD was as expected. The index reached an eleven and a half year high. Today it is pulling back partly on weaker than expected retail numbers and partly short covering and profit taking. In the equity markets, the...
When the Forex makes its big moves you don’t have to look far to find the news or data behind them. The more important question is why. On Friday last week we saw dramatic moves once again in the major Forex pairs as the USD broke out of its range and headed...
As dramas continue to unfold we can only look to more choppiness ahead. The market has had some majors events to deal with this week and it is by no means over, with the ECB and non farm payrolls tomorrow. The focus of this update has to be in the antipodes, where...
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