Gender inequality – only women have handwriting this neat
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24 July 2017: Where Did Warren Buffett Tell His Wife to Put Her Cash?No, this isn’t one of our dad jokes.
I’ll give you a clue, his tip wasn’t financial spread betting.
But it was on one of the most popular spread betting markets…
See Warren Buffett’s Investment Advice To His Wife.
24 July 2017: What Are the Hedge Funds Trading?The latest weekly US Government Commitment of Traders (COT) report shows what the big boy traders like hedge funds are doing and how their net positions have changed from week to week. Here are a few highlights.
Stock Market Positions – Hedge funds are still long but reducing net positions
Forex Positions – There were some large weekly moves against USD
Commodities Positions – Uninspiring
Trump WatchAnd let’s hope the Miami Herald is right with this:
Strong Euro & Little Expected From This Weeks’s FOMC MeetingBelow, a useful 7m:45s analysis from CMC Markets.
Looking at the week ahead, the euro remains buoyant and the dollar is still hobbled by the administration.
EUR/USD is approaching the 200 week moving average.
USD/CHF has already broken the 200 week moving average.
23 July 2017: Buying and Selling Spread Betting and CFD WebsitesA little off topic and more of an industry piece, we have taken a look at: Buying & Selling: Spread Betting, CFD and Forex Domains and Websites.
21 July 2017: Brexit Update
21 July 2017: Contest Over as Forex Markets Ignore Draghi’s Euro VisionA quick look at the markets… and it all boils down to a combination of the stronger euro vs both the weaker dollar and pound.
Back to Forex and the Euro…We’ve take a slightly longer here: Contest Over as Forex Markets Ignore Draghi’s Euro Vision.
20 July 2017… Draghi DayThe highlight today is the ECB / Mario Draghi press conference at 1.30pm. There could be some volatility around this.
Elsewhere, a few broker notes:
“ECB Dick Tatorship”To honour #ECB day, let’s not forget this Mario Draghi classic.
And the t-shirt? It says… “ECB Dick Tatorship” (sic).
They probably don’t sell many of those on Amazon…
Were there more paparazzi and security?
19 July 2017: Ex-Unicorns Running AmokThe NADAQ 100 chart hit another record high yesterday with Netflix reporting good Q2 numbers.
Helping the US tech index is the Facebook share price which also posted a new record high – investors have been piling in ahead of next week’s earnings data.
In a somewhat timely manner, we’ve added a look at Unicorns, Dead, Alive and Valuation Problems.
19 July 2017: Bank Jobs, Magic and Gross IncompetenceA quick update from Michael Hewson at CMC Markets:
The US administration appears to be undermining the dollar at every possible opportunity with what can only be described as either gross incompetence or sheer stupidity.And a comment from LCG:
It looks like the US government is giving the UK government a run for its money in the incompetence stakes. It doesn’t help that neither the UK or the US has a capable opposition.
18 July 2017: Trump Administration is Hurting the Dollar
Somehow… “Drain the Swamp” seems to be getting ever more pertinent…
Looking around the markets, there’s good deal of negative opinion regarding the Trump administration’s ability to get anything done.
We’ve added a roundup of the views here: Why the Trump Administration is Hurting the US Dollar.
It’s not all one way though, LCG are saying “Traders of USD/JPY should be seeking dip buying opportunities as soon as the USD sell-off loses momentum”. Read more.
Elsewhere, according to Michael Hewson at CMC Markets:
“Whatever Carney says today, his views on interest rate policy seem to change as often as the weather forecast, and tend to be about as reliable
“We could see sterling hit $1.3300 in the coming weeks, irrespective of what the Bank of England does, or does not do.”
18 July 2017: The Netflix Express… Next Stop?The Netflix shares have surged +10% after hitting 104m subscribers.
And the Netflix chart is looking like a freight train…
warning Warning!… The NFLX stock also looks very overpriced.
18 July 2017: Time to Short UK PLC…?An apt tweet from Alberto Gallo @macrocredit on the Brexit negotiations.
“EU Team: 100 pages of documents”
“Brexit Team: big smiles”
17 July 2017: A Number of Markets at Interesting LevelsUpdate from LCG:
17 July 2017: GBP/USD Clears Critical Fibonacci Resistance at $1.3045
14 July 2017: “You are Fucking with Me Now… Watch Your Back, Bitch”Here we go again, off the topic of trading and back to the addictive soap opera at 1600 Pennsylvania Avenue.
Kevin Spacey has commented on how the current administration puts House of Cards to shame. Sadly, that’s true.
Here’s the latest twist from Team Trump…
Marc Kasowitz, Donald’s personal attorney on the Russia mess, has sent a string of somewhat sweary and threatening emails, TheGuardian.com: Trump lawyer to apologize for sending expletive-filled emails to stranger
(I know the reporter for The Guardian is based in the US but no need to spell ‘apologise’ incorrectly).
14 July 2017: You’re in Such Good ShapeStill watching the soap opera and…
I don’t want to put anyone off their Friday lunchtime pint but… I need you to share my pain… sorry.
Also see more stupid Donald Trump videos.
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Remember: Spread betting, CFDs and forex trading carry a high level of risk. You can lose more than your initial investment. These products are not suitable for all investors. Only speculate with money that you can afford to lose. Make sure you fully understand the risks involved and seek independent financial advice where necessary.