G’day Traders, What a nice morning it is on the Gold Coast. I have had a great weekend with my brother’s family, including an 8 month old, staying with us. He has been very entertaining without keeping us up at night – amazing! This week is important for the markets. There is plenty of economic [...]

G’day Traders, Yesterday’s rally was contributed to by rumours that the Fed was going to cut the rate it pays for bank deposits to zero from 25b.p. Ummm – I thought this was pretty stupid, but obviously stocks (and bond) traders believed in it because when Bernanke spoke, it was too boring and the market [...]

G’day Traders, Last night I got home from playing soccer and watched a bit of TV. There was some surfing on, but then I watched a bit of business news and checked out what was happening in the markets. Then I saw the pre-open for Corn – it was way up and I was short. [...]

G’day Traders, This morning I was feeling a bit slack – just like the markets I guess. With the positive spin everyone was putting on the re-floating of the Chinese currency yesterday, to see it start strongly, then fall and finish lower shows me the market is running out of energy. When positive news can’t [...]

G’day traders, Today I got stuck into some work, but that’s fine because tomorrow I am heading to Croatia for a couple of days with some friends. I am looking forward to that and hopefully there is some sun. Some good manufacturing figures were offset by some bad housing data over night. I think manufacturing [...]

G’day traders, I have just arrived in Europe tonight after a comfortable flight from New York to Vienna, and I am now in the Czech Republic. The markets are still open in the US right now, but have just moved above some strong resistance so it’s great for everyone who is long. The EUR has [...]