Jonathan and Rory dive into the facts to help understand if there will be a global recession coming soon? The blokes share their opinions on the future outlook across a global level. In the podcast, they mention how we have avoided a crash in the economy despite higher interest rates and the cost of living crisis. Rory discusses what caused inflation in the first place as well as some home truths to why wages unfortunately will never catch up with prices, even in the long run. The blokes also ta...
Sep 21, 2023•34 min•Season 1Ep. 90
In this episode, Jonatan and Rory discuss how the DXY is on a 8 week winning streak, could it make a ninth? The blokes analyse some last weeks action in markets including, the US CPI print coming in hotter than expected along with the influence it had on Equities and FX pairs last week, plus the impact it could have on the FOMC this Wednesday. The Blokes also talk about how the ECB increased rates another 25bps to 4% and signalled to the market that they are likely done while they also revised u...
Sep 18, 2023•25 min•Season 1Ep. 89
In this podcast we introduce Rajan Dhall & discuss the mindset of a successful trader. Raj has an extensive history and career in trading adding further value to our community, which we discuss in the podcast. Rajan talks about trading psychology and the importance of it and describes how retail traders can become better traders by simply switching their mindset. He also talks about how retail traders can develop their own strategy around a work life balance. Raj also talks about what got hi...
Sep 14, 2023•33 min•Season 1Ep. 88
In this episode, the blokes offer their opinion on the markets, taking a close look to see will Dollar strength continue with a busy economic calendar ahead! Rory and Jonathan talk about their expectations of markets ahead of the US CPI and FOMC Interest rate decision next week. The past week in financial markets has been a lot quitter than usual on a data front with the UK labour market conditions being reported slightly higher on Thursday Morning. On Wednesday 13th, the US CPI is due to be rel...
Sep 12, 2023•19 min•Season 1Ep. 87
In this episode Jonathan and Rory discuss the well known statistic, why only 20% of traders make money. At the beginning of the podcast Jonathan runs through some statistics of the probability of footballers and golfers making it to a professional level. Jonathan and Rory both share their experiences of what’s helped them throughout their trading journey, most notable having a mentor. The blokes discuss with the growth of social media, there are now many charlatan traders, promoting their servic...
Sep 08, 2023•26 min•Season 1Ep. 86
For the 7th consecutive week, the Dollar Index finished in the green closing above 104 to show strong support, the question is will the DXY hit 105? Jonathan and Rory both discuss their thoughts on dollar going into a quieter week than usual for economic data however the market will only be gearing up for what’s to come next week as the US CPI is due to be released. A hawkish release could see another strong dollar and the push to 105 whereas a dovish release could see DXY fall lower. In Indices...
Sep 05, 2023•25 min•Season 1Ep. 85
In this podcast, Jonathan and Rory talk about the 8th wonder of the world, Compound Interest. This is a term a lot of people are familiar with but not many are able to use it to their benefit. At the beginning of the podcast, Rory tells us a story of friend who had money saved away for years which grew exponentially but one day decided it was enough and wanted to buy a car. If they had waited another 15 years the money wouldn’t have doubled to buy 2 cars, but instead would have been over half a ...
Aug 31, 2023•18 min•Season 1Ep. 84
In this podcast , Jonathan and Rory talk about their predictions on the financial markets, looking at Dollar, Dax, Gold, Oil, Apple, and major FX pairs. There is a busy week ahead with high impact data releases including, NFP, US PCE which could give some hints around the next inflation. (CPI) reading as well as thoughts on how the FOMC will react at the next monetary policy committee meeting in September. A higher number will indicate potential further increases to monetary policy and a stronge...
Aug 28, 2023•18 min•Season 1Ep. 83
In this podcast Jonathan and Rory talk about how to build a trading strategy and what to focus on when it comes to technical, fundamentals and sentiment analysis. Jonathan discusses at the beginning of the podcast that too many new traders focus on technical analysis to generate trade ideas and solely rely on the charts for entries and exits. In this episode , he talks us through his reasoning of using technical analysis and how he combines fundamentals with sentiment to find trade ideas. Rory a...
Aug 23, 2023•36 min•Season 1Ep. 82
Jonathan and Rory discuss their thoughts on current Dollar Strength ahead of Jackson hole. Plus Fed chair, Jerome Powell due to speak on Thursday. The economic calendar is due to be light until then but with some shockwaves from recent events, there could still be some volatility left in markets. Rory discusses his thoughts on the dollar and how he sees 104.50 being the upper bound for now until more supportive data allows for price to continue. This is while EURUSD continues in the downtrend. J...
Aug 21, 2023•21 min•Season 1Ep. 81
Too many traders are told “it’s about psychology” but what they aren’t told is the truth behind psychology. In this episode, Jonathan and Rory breakdown the truth behind trading psychology, as well as sharing some of their best tips when trading and investing. The word psychology in trading is thrown around too loosely, understanding how to adopt an objective approach while trading will immediately give you an edge. If you have good risk management, then psychology around trading reduces signifi...
Aug 16, 2023•19 min•Season 1Ep. 80
In this episode the Blokes discuss the current risk off sentiment in the markets & look at recent events impacting price action. This includes the latest US PPI and US CPI reports which both came out higher than previous. The complications that higher inflation can have on the economy is something Rory has discussed throughout the podcast and explains in this episode. Jonathan also talks us through his thoughts on the US Dollar. Today with little data to move the markets we saw the Dollar st...
Aug 14, 2023•19 min•Season 1Ep. 79
In this episode, Jonathan and Rory talk about the future of money. The Blokes share their thoughts on a digital currency being introduced. Rory openly admits that it’s not something he favours and towards the end of the podcast gives his reason for this with a relevant example to how current FX markets work and why they work so well. If governments do try to introduce a digital currency what will the narrative be? Will the public accept this change & is there anything we can do to stop it? O...
Aug 09, 2023•40 min•Season 1Ep. 78
In this episode Jonathan and Rory talk about recent events in the markets and what their opinions are going forward. The Blokes take a look over FX, commodities, indices & Stocks. The hot topic was APPLE loosing $200 billion in market cap in less than a week, the blokes offer their opinion in the future direction of APPLE stocks. A highlight from last week was the downgrade of US debt by ratings agency Fitch’s where US debt was downgraded from AAA to AA+. This sparked some initial selling in...
Aug 08, 2023•28 min•Season 1Ep. 77
Rory and Jonathan talk about recent events in markets including the dollar, gold, US Equities and world indices. The Blokes also talk about recent events such as the US CPI and this weeks data which includes RBA, ISM Surveys, Non Farm Payrolls and Unemployment Situation Report. In the podcast, Rory talks about the stronger than expected data on Monday and how it was linked to a strong AUD and what he expected from AUDUSD for the short term as the RBA interest rate decision is in a matter of hour...
Jul 31, 2023•31 min•Season 1Ep. 76
In this weeks episode, Jonathan and Rory talk about the difference between Trading vs Investing. These terms are often used interchangeably amongst the retail community however, it’s important to distinguish their differences and to be aware that trading and investing often have different processes. Both Jonathan and Rory have different opinions on whether you should trade before investing or invest before you trade. However, both the blokes agree that learning the fundamentals to finance & ...
Jul 26, 2023•26 min•Season 1Ep. 75
Jonathan and Rory talk about recent developments in the markets including, strong selling in dollar which was later seen with strong buying which managed to see the DXY Index climb above 101. Rory mentions this thoughts around recent dollar buying stating that if dollar was to continue the downward trend it would need to be sold against another pair but what pair would he buy now that PMI reports are coming out weaker and inflation in the UK is starting to ease, decreasing the chances for higher...
Jul 24, 2023•19 min•Season 1Ep. 74
In this weeks episode Jonathan and Rory talk through recent moves in the markets. Rory talks about how recent moves after the lower than expected UK CPI has created a risk on tone in the UK with GBP falling from recent highs and FTSE rallying firm. Jonathan also discusses his thoughts on some FX pairs and explains how sentiment has started to change particularly as the dollar has been selling hard and other key levels in many major pairs are now approaching. Jonathan then goes on to discuss the ...
Jul 20, 2023•31 min•Season 1Ep. 73
Jonathan and Rory talk about how the retail trading industry has changed in the last decade. The introduction of Instagram, TikTok and other popular social media platforms, these have been a haven for many charlatan educators, to showcase their fake results and lifestyle in order to lure retail traders. Rory also shares some recent examples of how he has seen the “influencer” lifestyle take over social media and why seeing isn’t always believing when it comes to Instagram. Jonathan discusses how...
Jul 12, 2023•26 min•Season 1Ep. 72
Jonathan and Rory take over as Mike has departed from Two Blokes Trading to become a portfolio analyst at one of the UK’s leading pension funds. We wish Mike all the best in his new role and thank you for your valuable contribution to the podcasts. Last week seen US labour markets remain tight with unemployment declining to 3.6% from 3.7%, clearing the path for the Federal Reserve to hike a further 25bps in their meeting at the end of the month. Jonathan asks Rory what his view is on the current...
Jul 11, 2023•18 min•Season 1Ep. 71
In this podcast Mike and Rory share the theory behind how the NFP data release should be traded. The podcast investigates the details of what the NFP is and how it is typically announced. Rory mentions how the NFP is a leading indicator, however also explains that there are leading indicators that can be used for the NFP such as the initial jobless claims, PMI employment reports and more. Mike mentions on the podcast what happens if there is a positive announcement, one that is higher than the e...
Jul 05, 2023•11 min•Season 1Ep. 70
In this podcast, Mike and Rory start by discussing an under the radar under performance from the Brazilian Real on Monday, following the less than expected foreign direct investment into Brazil. The pair talk about how there is still room for growth in their opinion with the emerging market space and the difficulties that can often surround investing into emerging markets. Rory talks about how last Friday’s PCE number came in lower than expected finally below 4% and what this could mean going fo...
Jul 03, 2023•19 min•Season 1Ep. 69
In this episode, Mike and Rory discuss why 90% of traders lose money and how you can avoid being on the wrong side. Rory opens and mentions that too many people believe the BS narrative that comes from brokers who may have a conflict of interest with trading whether that is selling you false information or pushing you to trade products you have absolutely no idea about. Rory also mentions how most retail traders unfortunately treat trading like a casino, where they expect to deposit £100 and tur...
Jun 28, 2023•14 min•Season 1Ep. 68
In this weeks episode Mike and Rory talk about the S&P500 and the recent events causing this slight pullback and where they think markets are headed. Most recently, the S&P500 made highs of 4445 with a pull back to current levels of 4300. This pull back was due to a deteriorating macroeconomic outlook as well as the Fed median projected dot plot for interest rates in 2023 to end at 5.6%. This would mean another 2 hikes is possible before the year end and Fed chair, Jerome Powell reiterat...
Jun 27, 2023•17 min•Season 1Ep. 67
In this episode, Mike and Rory discuss the importance of understanding the correlation between commodities and the respective FX pair. The currencies highlighted in the podcast include Australian Dollar, Canadian Dollar, Euro, Great British Pound, Norwegian Krone, and US Dollar. At the beginning the blokes mention how 2 of the main traded FX pairs (EURUSD & GBPUSD) are not directly pegged to commodities rather the moves are based on macroeconomics such as changes in interest rates, politics,...
Jun 21, 2023•18 min•Season 1Ep. 66
Mike and Rory discuss the events of last week which included the US CPI number for May, FOMC’s decision to not hike interest rates higher as well as the ECB’s 25bps increase to monetary policy along with their hawkish comments in the meeting that followed. In the episode, Rory talks about the divergence between interest rates at the ECB and BOE closing in on those from the FED which is starting to support moves higher in both EUR / USD and GBP / USD. Cable has now been able to break above 1.28 f...
Jun 19, 2023•21 min•Season 1Ep. 65
Too many Retail traders think that technical analysis alone will save them from being in the majority of traders who lose money. Unfortunately this is not the case, Mike and Rory uncover the importance of understanding how interest rates impact Forex, equities, indices, fixed income and all other markets. Understand interest rates, interest rate differentials and carry trades can automatically by default give a bias to a certain FX fair, at least in the mid to long term. Mike explains in the pod...
Jun 14, 2023•14 min•Season 1Ep. 64
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...
Jun 13, 2023•17 min•Season 1Ep. 63
Keeping a journal while trading is very important as it will enable you to have a track record and analyse past performance. In this episode, Mike and Rory discuss how they keep a journal and also demonstrate the importance of having one especially if you are approaching an employer with reference to your trading performance. Many people will not consider your trading experience without a track record or journal. In the podcast, Mike and Rory talk about some of the most commonly used ratios and ...
Jun 07, 2023•16 min•Season 1Ep. 62
In this week’s Market podcast Mike and Rory discuss Fridays NFP number beating expectations by nearly double. The implications this has on the market short term and how they both predicted a higher number themselves, going into some detail around their process of why they came to this conclusion. The pair also talk about how the higher-than-expected unemployment rate at 3.7% is a good thing for markets but also with the issues that it can have to the wider economy. In the podcast, Rory mentions ...
Jun 05, 2023•19 min•Season 1Ep. 61
