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1 week ago | 
thearmchairtrader.com | Chris Weston |Michael Brown
Surely this week can’t be quite as crazy as last. Surely?! No, I’m not going to take my chances on that one either, given how choppy things have been of late. By Michael Brown, Senior Research Strategist, PepperstoneAnyway, Friday. Another day, another tariff. At least that was the main macro theme, with China upping their levy on US goods imports to 125%, in retaliation to the retaliatory tariffs that were retaliation for retaliatory tariffs imposed earlier last week.
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3 weeks ago | 
thearmchairtrader.com | Chris Weston |Michael Brown
We saw a risk-averse end to the week on Friday, with haven demand notable across the board, as participants once more trimmed exposures into the weekend, cognisant of potential gapping risks. By Michael Brown, Senior Research Strategist, PepperstoneFriday, on the whole, was a day that lacked significant catalysts, at least those that materially moved the needle in terms of the broader outlook.
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2 months ago | 
thearmchairtrader.com | Chris Weston |Michael Brown
President Trump’s first week in office left market participants largely unperturbed, though the week ahead brings not only another spell of headline-watching, but also a busy calendar of policy decisions, and corporate earnings. By Michael Brown, Senior Research Strategist at PepperstoneWhen sitting down to write this week’s note, the first phrase that springs to mind is ‘damp squib’.
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Jan 20, 2025 | 
thearmchairtrader.com | Chris Weston |Michael Brown
Stocks and Treasuries both gained last week after cool US core CPI figures, while the UK’s economic ‘doom and gloom’ persisted. This week, all eyes are on Donald Trump’s return to the Oval Office. By Michael Brown, Senior Research Strategist at PepperstoneThe US inflationary backdrop was participants main focus last week, with cooler than expected core CPI, and PPI, figures sparking a modest dovish reassessment of FOMC policy expectations, though caution remains advisable.
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Jan 13, 2025 | 
thearmchairtrader.com | Chris Weston |Michael Brown
By Michael Brown, Senior Research Strategist at PepperstoneWe move on from what was a quite remarkable week for US economic data, where the words “accelerating”, “resilient” and “exceptional” were heard liberally on the floors. Importantly, something shifted in the market’s reaction function, with good data evidently resulting in traders taking down their equity risk and buying USDs, volatility and gold.
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Sep 23, 2024 | 
thearmchairtrader.com | Chris Weston |Michael Brown
A new trading week gets underway, as participants continue to digest the FOMC’s ‘jumbo’ 50bp cut, as a lighter economic docket awaits, while end of month/quarter flows shall also be in the mix. By Michael Brown, Senior Research Strategist, Pepperstone.
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Sep 19, 2024 | 
thetimes.com | Michael Brown
Updated September 19, 2024 Share Whether you’re looking to sell up and use the Tube, or upgrade to a better vehicle, we list some of the ways you can sell your car in the capital. The cost of running a car in outer London is close to £3,200 a year, according to data from Moneyhelper, a government-backed impartial advice service. The figure includes insurance, which is comparatively higher in London than the rest of the UK, the cost of an MoT test, fuel, and tax. In addition, if your vehicle...
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Mar 25, 2024 | 
thearmchairtrader.com | Chris Weston |Michael Brown
By Michael Brown, Senior Research Strategist, PepperstoneWhat promised to be a monster week of event risk for financial markets certainly lived up to its billing with headlines galore throughout last week, as equities and the greenback both kicked higher. Nevertheless, despite the noisy nature of the week, the fundamental narrative has changed little, with the path of least resistance for risk assets continuing to lead higher, as a quieter week awaits.
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Feb 26, 2024 | 
thearmchairtrader.com | Chris Weston |Michael Brown
By Michael Brown, Market Analyst, Pepperstone. The wonderful world of G10 FX has been my ‘bread and butter’ since day one in the City. It was therefore with much amusement that I read Warren Buffett’s annual shareholder letter at the weekend, in which the ‘Oracle of Omaha’ noted “Neither Greg [Abel] nor I believe we can forecast market prices of major currencies. We also don’t believe we can hire anyone with this ability”. In short, Mr Buffett is bang on the money.
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Dec 14, 2023 | 
troymedia.com | Michael Brown
People living in rural and remote areas are missing out on cancer clinical trials and possibly life-saving treatmentsPeople living in less populated, rural or remote areas are missing out on last-ditch but potentially life-saving cancer clinical trials, according to a recent study by a University of Alberta oncologist that puts the onus on Canada’s health regulatory bodies to ensure equity.
