March Trading Insights from David Long

March Trading Insights from David Long
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Last month we mentioned that the FX market would be rather choppy due to the lack of direction from any Central Bank. Central Banks in the major economic blocs are all sitting still. Japan still has heavy hand in Quantitative Easing but is still keeping rates at negative 0.1 and not moving. Australia’s RBA has […]

February Trading Insights from David Long

February Trading Insights from David Long
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A choppy month of price action in currencies for February 2019. The EURUSD crossed its 5 month range from 1.15 to 1.13 and back into the middle of 1.14. The Aussie dollar was stuck between 72 and 71 cents for the month, the Kiwi between 69 and 67 cents and the Loonie between 1.30 and […]

January Trading Insights from David Long

January Trading Insights from David Long
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During the last six months of last year we discussed and watched the yield curve flatten and knew the economic cycle in the USA had peaked. The US Fed continued to raise rates, increasing the funding costs for banks and institutions. The last hike was in December to 2.50%. This had the direct impact on […]

November Trading Insights from David Long

November Trading Insights from David Long
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November has ended unchanged in price levels from the start of the month, in many markets. Despite the USA Mid-Term elections and a dovish about turn by the US Fed we really have had no net change. The Christmas rally, which occurs 70% of the time, failed to materialise this year – so far. The […]

October Trading Insights from David Long

October Trading Insights from David Long
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Trade war rhetoric weakened throughout the month, despite the tariffs coming into effect and China refusing to sit down and talk with the US anymore. The markets most sensitive to a trade war (commodities and commodity currencies plus emerging markets) all gained against the greenback this month. Just this week however, we had the FOMC […]

September Trading Insights from David Long

September Trading Insights from David Long
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Yet another testing month is behind us. With the US dollar still stuck in the range between 95.20 and 93.40. Commodities fell early on in the month thanks to trade war escalating, but as the war disappeared from headlines the commodity market found a floor. Gold has been sideways for last week or so and […]

August Trading Insights from David Long

August Trading Insights from David Long
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Yet another testing month is behind us. With the US dollar still stuck in the range between 95.20 and 93.40. Commodities fell early on in the month thanks to trade war escalating, but as the war disappeared from headlines the commodity market found a floor. Gold has been sideways for last week or so and […]

July Trading Insights from David Long

July Trading Insights from David Long
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What a messy month June has proven to be. It started with European political strife around the Italian elections which quickly faded from headlines. Trump is always good for a headline or tweet and he did not disappoint this month, escalating trade wars with China and Europe. OPEC also got involved this month and raised […]

June Trading Insights from David Long

June Trading Insights from David Long
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Trade talks, the on again-off again North Korean summit, Italian politics. That pretty much sums up the month of May. For stocks, the month started sweetly, rallying to make recent highs but then stalling. The rally came off the back of easing tensions between China and the US, then stalling on North Korean summit being […]

May Trading Insights from David Long

May Trading Insights from David Long
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Volatility continued to dominate the trading scene with barely any trends being set as the market whipsawed from headline to headline. Earlier in the month, trade wars were the theme, then came tensions with Russia and Syria. By mid-month however, Trump was less vocal on both issues and the market began to focus on economic […]