To all our Clients: A Valentine Message and 3 corny jokes (sorry!)
1. Q: What did the boy octopus say to the girl octopus?
A: Can I hold your hand, hand, hand, hand, hand, hand, hand, hand, hand, hand?
2. Q: What did one snake say to the other snake?
A: Give me a little hug and a hiss, honey.
3. Knock, Knock,
Who’s there?
Olive
Olive Who?
Olive you!
Back to last week’s theme of the unintended consequences of smoking Marijuana, a smoker in search of a suitable place to fire up his bong, broke into a house in Texas earlier in the week. Upon entering the house it was only to be confronted by…a tiger. Police were called and both the smoker and the tiger were taken into custody.
An early start for SGM-FX’s very own Charles M.Porter who once again took to the airwaves on TalkRadio first thing this morning trying to make some sense out of the newspaper headlines of the day with pundit James Max.
Markets are phlegmatic in fact actually positive about global events in the past 24hrs and also Charles being on the radio.
FTSE closed at 7190 Dow at 25543. Oil WTI at $54.
Last but not least for all those of you casting around to buy a suitable present for your significant other:
Victoria’s Secret despite struggling to preserve sales is optimistically offering an embroidered kimono for $490…that is if you are concerned at looking cheap having already rejected the $350 leather bustier!
The SGM-FX team, even as you are reading this, are stress testing both of these pacy outfits and of course…as ever the latest Brexit developments as they unfold today in Parliament!
Happy Valentines!
Discussion and Analysis by Humphrey Percy, Chairman and Founder
Next level EURUSD has managed a relatively smooth ascent to its current levels, around 1.18. That is despite significant resistance levels, most notably around 1.17. A large collection of option strike prices gathered around this key level and the price history of the pair shows us its significance. Sustained closes above this level since last […]
A weaker Dollar: Trump vs. Powell The Dollar continued to lose ground yesterday as the truce between Israel and Iran appeared to continue to hold. There has been a noticeable return to focus upon macro and monetary influences in major currency pairs. Yesterday, Fed Chair Jay Powell provided his semi-annual monetary policy report before the […]
Whiplash A highly volatile start to yesterday’s trading session saw a flight to safety in markets. Despite the Dollar having lost much of its appeal as a safe haven lately, there was still an identifiable USD bid prior to and during the European open. We have identified recently how markets have clearly differentiated between general […]