Please find below the net returns for March 2025.
After many false starts, tariff day arrived this week. But will it be the end or just the start of US vs the world?
Anyone involved in finance will tell you they are over hearing about tariffs and trying to work out the impact they will have.
But must give this one to Trump, how do you win an election. You tell voters you are going to lower taxes, tariff the world and collect billions from it and create more jobs. The voters have believed they would be better off not understanding they pay more for the goods and services under this arrangement. Therefore, the net effect is Americans will have less in their pocket under these arrangements. You could say Trump imposed a new tax without calling it a tax.
When the trading restrictions were placed on Russia, the world was concerned of shortages and massive price increases. The world has now adapted. Expect the same will apply here but it will take a lot longer if Trump keeps moving the goal posts and other countries react with their own tariffs and changes to trade conditions.
All of this makes trading currency very hard as it is driven by constant news updates and the quickly changing narrative. There are no fundamentals in play. Markets are moving so quickly to try and understand the impact but a lot of it is short sightedness without understanding if it has any large impacts.
We are now serious that some of our strategies are close to being turned off as the trading risk is too high for the returns generated. We need to adjust like everyone else. Unfortunately, this means strategies that are 3 years old will be stopped. The first one on the block is All Tassie SR. It continues to get caught holding trades for too long and not generate strong returns from it. All Tassie SR trades on MT4 whilst the HR trades on MT5. HR strategy will continue as it has not traded long enough to see the changes implemented when moved to MT5.
Any queries, please do not hesitate to reach out to us.
