This is an old trader saying. What does it mean? Say that there is outcome A which, if it happens, is widely regarded as being “good” for a currency, so that if outcome A happens, we can expect the value of that currency to go.
Although last week’s press conference by Donald Trump, the U.S. Presidential-Elect, was widely received as disappointingly thin on context, Trump gave a couple of major interviews over the weekend which have provided some flesh for the existing bare bones of his major policy planks. It seems clear that the President-Elect is sticking to all his major policy positions and his statements within the interviews can be summarized as follows: Trump praised Brexit and attributed it to resentment over immigration.
Sunday is the traditional day for big political stories to be published in the British newspapers, and following what seems to be an off-the-record briefing from the British government, the Times is reporting that
Yesterday’s press conference by President-Elect Donald Trump – his first in almost 6 months – was seen by the market as an important event. The main reason for this is that it was hoped he would provide more details regarding some of his key policies, particularly those that are expected to have most impact upon the economy and by extension, the markets, such as economic stimulus, trade policy, and taxation.
Markets have been broadly flat ahead of the
While reading the news earlier today, I saw a guru at UBS make a client-directed market forecast which seemed reckless and irresponsible to me. I’ll get into the details a little further on.
Having been exposed as unable to maintain the security of the U.S. Federal Government’s databases (comprehensively hacked by China over recent years) or
Recent hours have seen two interventions by national central banks which have caused meaningful moves in the Forex markets.