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The Mole is the man in the know. Unlike most of the Paddy Power traders he doesn't spread bet for a living. Instead he works for a well-known Dublin institution where he heads a desk that regularly trades over €100 million a day.

The Mole says he mainly trades currencies but, as the markets are so closely related, he keeps a close eye on stocks and Oil too.
 Markets Treading Water After a Big Up Day
By The Mole on 2 September 2010 at 13:41
Category: Market Commentary, Market Watch by The Mole Comment

A hump day rally sparked by strong Chinese PMI and Aussie GDP data was followed up by


The Mole is the man in the know. Unlike most of the Paddy Power traders he doesn't spread bet for a living. Instead he works for a well-known Dublin institution where he heads a desk that regularly trades over €100 million a day.

The Mole says he mainly trades currencies but, as the markets are so closely related, he keeps a close eye on stocks and Oil too.
 Chinese Data Cheers Markets But NFP Looms
By The Mole on 1 September 2010 at 14:08
Category: Market Commentary, Market Watch by The Mole Comment

US stocks rose, trimming the biggest August slump since 2001 Tuesday, as regulators approved a Chinese investment in Morgan Stanley and gains in home prices and consumer confidence tempered concern the economy is double dipping.


The Mole is the man in the know. Unlike most of the Paddy Power traders he doesn't spread bet for a living. Instead he works for a well-known Dublin institution where he heads a desk that regularly trades over €100 million a day.

The Mole says he mainly trades currencies but, as the markets are so closely related, he keeps a close eye on stocks and Oil too.
 Markets Pare Losses On Housing Data
By The Mole on 31 August 2010 at 15:44
Category: Market Commentary, Market Watch by The Mole Comment

As I warned yesterday double dip fears returned to trump the temporary respite from Bernanke’s


The Mole is the man in the know. Unlike most of the Paddy Power traders he doesn't spread bet for a living. Instead he works for a well-known Dublin institution where he heads a desk that regularly trades over €100 million a day.

The Mole says he mainly trades currencies but, as the markets are so closely related, he keeps a close eye on stocks and Oil too.
 A Flurry of M&A Can’t Deflect Attention From Dire Dataflow
By The Mole on 30 August 2010 at 13:55
Category: Market Commentary, Market Watch by The Mole Comment

Late on Friday, equity markets set up for a relief rally despite bellwether tech giant Intel guiding down its earnings forecast (a development which I for one, thought was mightily disturbing).


The Mole is the man in the know. Unlike most of the Paddy Power traders he doesn't spread bet for a living. Instead he works for a well-known Dublin institution where he heads a desk that regularly trades over €100 million a day.

The Mole says he mainly trades currencies but, as the markets are so closely related, he keeps a close eye on stocks and Oil too.
 Stocks Rise On Higher Than Expected US GDP
By The Mole on 27 August 2010 at 15:23
Category: Market Commentary, Market Watch by The Mole Comment

US stocks were up Friday, sending the Dow Jones back above the 10000 level after numbers for US GDP Q2 economic growth were slightly above analysts expectations.


The Mole is the man in the know. Unlike most of the Paddy Power traders he doesn't spread bet for a living. Instead he works for a well-known Dublin institution where he heads a desk that regularly trades over €100 million a day.

The Mole says he mainly trades currencies but, as the markets are so closely related, he keeps a close eye on stocks and Oil too.
 Earnings And Jobs Data Bouys Stocks
By The Mole on 26 August 2010 at 16:35
Category: Market Commentary, Market Watch by The Mole Comment

US stocks rose today, with the Dow recovering from an early 102-point slide (due to yet more appalling economic data) and the S&P 500 holding above the key Fib support at the 1039 level , as investors speculated that recent declines in equities overshot the potential damage from a slowdown in the economy.


The Mole is the man in the know. Unlike most of the Paddy Power traders he doesn't spread bet for a living. Instead he works for a well-known Dublin institution where he heads a desk that regularly trades over €100 million a day.

The Mole says he mainly trades currencies but, as the markets are so closely related, he keeps a close eye on stocks and Oil too.
 Double Dippers In The Ascendancy
By The Mole on 25 August 2010 at 15:17
Category: Market Commentary, Market Watch by The Mole 1 Comment

US stocks declined Tuesday, sending the S&P 500 Index to a seven-week low, as a record plunge in home sales cast further doubt on the viability of the economic recovery as the battle between “moderators” and “double dippers” is currently being won hands down by the latter.


The Mole is the man in the know. Unlike most of the Paddy Power traders he doesn't spread bet for a living. Instead he works for a well-known Dublin institution where he heads a desk that regularly trades over €100 million a day.

The Mole says he mainly trades currencies but, as the markets are so closely related, he keeps a close eye on stocks and Oil too.
 CRH Profit Warning Spooks Building Materials Stocks
By The Mole on 24 August 2010 at 15:07
Category: Market Commentary, Market Watch by The Mole 1 Comment

The early doors M&A optimism faded Monday into the US close with the S&P 500 (-0.40 percent) closing at the lows for the session and at 5-week lows as fresh concerns the economy may return to recession overshadowed speculation takeovers will accelerate.


The Mole is the man in the know. Unlike most of the Paddy Power traders he doesn't spread bet for a living. Instead he works for a well-known Dublin institution where he heads a desk that regularly trades over €100 million a day.

The Mole says he mainly trades currencies but, as the markets are so closely related, he keeps a close eye on stocks and Oil too.
 Fresh M&A Talk Lifts Stocks
By The Mole on 23 August 2010 at 14:22
Category: Market Commentary, Market Watch by The Mole 1 Comment

US stocks fell Friday, extending a second straight weekly decline for major benchmarks, as a drop in commodities pulled oil and metals producers down amid concern the economic rebound may be flagging.


The Mole is the man in the know. Unlike most of the Paddy Power traders he doesn't spread bet for a living. Instead he works for a well-known Dublin institution where he heads a desk that regularly trades over €100 million a day.

The Mole says he mainly trades currencies but, as the markets are so closely related, he keeps a close eye on stocks and Oil too.
 US Data Again Dampens Sentiment
By The Mole on 20 August 2010 at 10:49
Category: Market Commentary, Market Watch by The Mole Comment

As I highlighted yesterday one of the key obvious risks to the market near term is a continuation of the weak US data we’ve been hampered by. We didn’t have to wait long to see its impact with yesterdays weekly jobless claims of 500k- that was a shocker, bring ing the 4-week moving average back up to 482.5k – the highest since early December.


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