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Victor Adair

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Victor Adair, author of The Trading Desk Notes, began trading penny mining shares while attending the University of Victoria in 1970. He worked in the mining business in Canada and the Western United States for the next several years and also founded a precious metals trading company in 1974. He became a commodity broker in 1977 and a stock broker in 1978. Between 1977 and his retirement from the brokerage business in 2020 Victor held a number of trading, analytical and senior management roles in Canada and the USA. Victor started writing market analysis in the late 1970’s and became a widely followed currency analyst in 1983. He started doing frequent media interviews in the early 1980’s and started speaking at financial conferences in the 1990’s. He actively trades his own accounts from The Trading Desk on Vancouver Island. His personal website is www.VictorAdair.ca.

Victor Adair Blog - The dominant market theme YTD, “the Fed will stay higher for longer,” softened this week Price action across equity, interest rate and currency markets this week was buffeted by US economic and inflation data, concerns about Treasury and Fed policy decisions, currency intervention by the Japanese finance ministry, and concerns about critical corporate reports.   The net takeaway from […]

Victor Adair Blog - Is buying the Yen in anticipation of another “Plaza Accord” the Trade of the Year or just another attempt to catch a falling piano? The BoJ did nothing at their scheduled meeting this week, and the Yen collapsed to a new 34-year low against the USD and hit an All-Time low against the Euro (which has only been around for 26 years.) […]

Victor Adair Blog - Nasdaq had a lousy week and closed on its lows Benchmark global stock indices had their best-ever monthly close in March, but they all turned lower in April, with some of the former high-fliers getting hit the hardest.   Nasdaq closed Friday at a 2-month low, down ~8.5% from March highs. MSFT had its lowest close […]

Victor Adair Blog - LATE NEWS: Iran fires missiles into Israel. As much as the market worried that this could happen, there was hope that Iran would not retaliate at this scale. This will likely have a MAJOR impact on markets, especially if Israel and the US counterattack. Is the Fed wrong – again? For traders and investors, the […]

Victor Adair Blog - Gold closed at All-Time highs this week, up 29% from the 2023 lows made on October 6, the day before Hamas attacked Israel. Gold rallied over $150 in the last seven trading days, making new highs every day this week and closing at its highs on Friday, as anticipation grows Iran will respond to the attack on […]
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