Risk Off Sentiment
In this episode the Blokes discuss the current risk off sentiment in the markets & look at recent events impacting price action. This includes the latest US PPI and US CPI reports which both came out higher than previous. The complications that higher inflation can have on the economy is something Rory has discussed throughout the podcast and explains in this episode.
Jonathan also talks us through his thoughts on the US Dollar. Today with little data to move the markets we saw the Dollar strengthen as the risk-off mood continues in the market. Jonathan recaps todays moves in FX pairs with Key levels to watch out for. Jonathan looks at levels we may reach in the DXY & how this could effect other USD pairs, talking us through his reasoning along with his view on the current horizon.
Rory offers his view on Crude Oil with all factors looking like a continued rally to the upside. He then goes on to describe the correlation between Oil & the Canadian Dollar explaining how one effects the other.
Rory then offers his opinion on Gold after closing a profitable trade today with major support levels coming into play. Rory also talks about the events upcoming in markets this week. As earnings season is drawing to a close a lack of economic data on Monday led to a muted session and the calendar is limited for the remainder of the week with UK inflation and US Building permits on Wednesday. The FTSE100 has been struggling the last few weeks so all UK investors will be watching the data closely for any clues on what the BOE may be doing next.
Jonathan and Rory go into a lot more detail on the podcast and within the app so make sure you join one of the fastest growing investing and trading communities today for free!
Hosts
Rory McMullan- Host
Rory is a final year student studying Accounting and Finance in London, He started his trading journey over 2 years ago but has came quite far in the process. He traded most asset classes starting with FX and Commodity trading, trading crack calendar spreads within the energy market to now running his own Long/Short equity options portfolio. The book that he trades is a systematic, top-down bottom up equity portfolio.
Rory has a strong passion for the financial markets and really hopes he is able to be of assistance to anyone either starting their trading journey or looking to further their knowledge.
Jonathan Farrelly – Co host
Jonathan started his trading journey over 15 years ago, learning from some of the best institutional traders in the world.
Over the last 8 years Jonathan has taught 1000’s of retail traders how to successfully navigate the financial markets.
He has evolved Two Blokes Trading with new technologies to offer traders a new fully immersive experience.
Jonathan’s ethos has always been based on transparency with the goal to help new & experienced traders achieve their goals.
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