How Mechanical Rules Can Help You Trade Without Emotion

Emotions are a powerful force that can have a significant impact on our decision-making. In trading, this can be especially dangerous, as emotions lead to rash decisions that can cost us money.

Jackson Hole Day 2 – Any Surprises to Come From Powell?

The main highlight of today's session will be the Jackson Hole Symposium and the speeches for both Fed Chair Powell, and ECB President Lagarde.

US PMI Miss Boosts Risk Assets, GBP Weakens

The US Dollar and Treasury yields fell on Thursday after the release of weaker-than-expected US S&P Global Flash PMI data.

PMI’s Miss in UK & Europe

The markets are in a risk-off mood on Wednesday as concerns about the economic outlook mount. The euro and pound sterling find themselves under pressure, while the dollar is strengthening. Treasury yields are also pulling back after hitting a new cycle high.

Markets In A State of Flux

Market sentiment put in a decent bounce on Monday, with the Nasdaq futures continuing to grind higher (+0.40% at the time of writing). This is surprising given that US 10-year Treasury yields hit a new cycle high yesterday, and higher yields have been a key driver of recent negative risk sentiment.

Risk Assets Remain Under Pressure

The economic calendar is light today, with only US jobless claims and the Philadelphia Fed business index data scheduled for realase. However, even these minor data releases could have a big impact on the markets, given the current volatility.

GBP Moves Higher on CPI Print

Today's economic calendar is light, with only US building permits and housing starts scheduled for release.

USD Remains Rampant on Soft China Data

UK jobs data released today showed a surprise increase in wages, which boosted the odds of another 25 basis point rate hike by the Bank of England (BoE) to 90%.

Markets Shrug Off Lower-Than-Expected US CPI Data

The US dollar (DXY) managed to hold onto key support at 102 despite lower-than-expected year-over-year (YoY) CPI dat

WTI Oil Hit Fresh YTD Highs

WTI oil prices hit fresh YTD highs on Wednesday, despite a higher-than-expected inventory draw.

BoE Decision – Hike, Hold or Pause?

GBPUSD continued to drop on Thursday following yesterday's beat in US ADP data. The overall strength of the USD, as well as expectations that the BoE will hike rates by 25bps today, weighed on Sterling.

Fitch Downgrades US Credit

Equity futures traded cautiously on Wednesday following an announcement by Fitch that they have downgraded US credit to AA+ 'stable' from AAA 'negative'.