What might interest the market in trading this week.
The market activity has slowed with pressure remaining on the GBP, the commodity currencies doing better. Of course we are in the middle of August. Traders are still on holiday. So markets are subject to liquidity flows. We have to be cognizant of the trading environment. What does that mean? Well anything can happen. We have seen markets rally on interest rate cuts. We have seen oil price volatility whip prices around. The stock market in the US has seen a "meltup" – or that is what they are calling it – which has seem steady rises and an occasional move into risk. Debt markets are pretty much still on a downward track, with the "carry trade" idea being the thought process.