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Beginning Of A New Bull Market
Episode 6313th June 2023 • Two Blokes Trading • Rory & Jonathan! (Two Blokes Trading)
00:00:00 00:16:50

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In this weeks market update, Mike and Rory discuss the quiet events of last week

and the low number of economic data releases. The blokes then talk about the

main focus of this week, the US CPI which came out at 4% Vs 4.1% expected.

Mike discusses what this means given the lower than expected unemployment data that

was also released by the UK on Tuesday morning and why he thinks this allows

for great longs on GBP/USD.


Rory shares his thoughts on what this could mean for FOMC meeting on June 14th where

the fed are predicted to not increase interest rates given the favourable data

in the United States. Rory shares his thoughts of why oil prices moved higher

on Tuesday given the positive news from China regarding economic stimulus and

the affect this also has on metals such as copper.


Mike and Rory also discuss what the energy market is doing and the warnings that are

in place from OPEC regarding short selling speculation and how an increase in

energy prices, in particular oil could have a major effect on CPI data around

the world.


On Thursday, 15th June, Mike and Rory are also hosting a few drinks at a central

London location so be sure to join the app to find out more details of the free

event.

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