Results for the week just gone can be seen here: https://docs.google.com/spreadsheets/d/1k7rwJWt4t4yvyBG2Prl_yW4hR5EVXAVBvDL_KM2vL9U/edit?usp=sharing
Predictions for 31st Oct 2026
https://docs.google.com/spreadsheets/d/1j5IqbMthCX7JfLbOIFimQVQguxJbaarjbRpSZGD4h3U/edit?usp=sharing
For the week just gone, I got 11 predictions of market moves right and 6 wrong.
The markets that I am following are:
EUR/USD GBP/USD USD/CHF USD/JPY
AUD/USD NZD/USD US Dollar DXY
Spot Gold Copper Soybeans Corn
WTI Oil Brent Oil
US Tec/Nasdaq Wall St/Dow FTSE 100 Germany DAX
The biggest clangers were for the two Oil markets. Rather than a gentle decline in pricing owing to better supply chains, there were steep rises.
There doesn't seem to be any end in sight as Houthi attacks have now spread from the Bab Al-Mandab Straits to oil fields in the Saudi interior. President Trump repeatedly claims that the US will start bombing the Iranians again after the Mid-term elections November 3rd.
Last week, the NASDAQ was spooked by AI debt-financing woes, in particular, pertaining to a "neo" cloud company called CoreWeave (that I'd never heard of before, shame on me!). It transpired that there is a potential blackhole of future debt amounting to billions of dollars unless financing deals aren't made now.
We're told that the scale of future revenue is all but guaranteed and will easily cover the company's ambitious investments, but for now banks such as JP Morgan and MUFG are being cautious with their commitments.
Is this a warning shot of a possible huge market correction, or just a temporary blip?
For this week it's been $112-a-barrel Brent Oil ($103 WTI) that has begun impacting European currency prices and European stock markets. Higher oil prices feed into the economy fueling higher inflation and stymieing economic growth.
Now the question is, how much longer will the oil price rise? Will Brent reach the Iran war highs of April 2026 when it reached $116? With no sign of peace, it may seem so...
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