Please find attached our net performance for April 2024.
There was much more trading activity this month and part of this was the due to Israel and Iran but it was over before it began.
Also, JPY is being tested and if intervention will take place to stop it depreciating.
Like other months the focus has been around interest rates which appears to be the main driver each month.
In saying this it is hard to read the market and expect for others it is the same. You have house prices that keep going up, but cost of living causing real impacts. You have large businesses making record profits but small businesses closing at high levels. There are wars occurring with large players in the market, but it appears to have little impact of markets.
We do have some draw downs on a couple of signals, and they are being monitored. You will see over the history of each of the signal that drawn downs are part of trading and whilst we like to keep them low, there are going to be times it will be higher than normal.
Otherwise returns are higher this month on some signals due to the above items occurring during the month.
If you have any queries, please do not hesitate to reach out.
