June 2024 – Investor Update
CEO Confidential June was a month filled with positivity across all aspects. We are delighted to report another profitable month, closing with a 7.2% gain. Given the volatility and NFP data in July, I am confident that our success from June will continue into July, potentially marking our 35th consecutive month without a loss. In […]
May 2024 – Investor Update
CEO Confidential May saw more of a focus on family than work for me, as I spent ten days in Palma, Majorca. However, during this holiday period, I spent a fair bit of time talking to clients, attending team meetings and plotting expansion plans. Nonetheless, it was also filled with much-needed family time and sunshine, […]
April 2024 – Investor Update
CEO Confidential This month’s article isn’t about trading, money, or investment; it’s more of a philosophical piece, something I wanted to share. This article stems from a question that a reporter recently posed to me: “what motivates you as the CEO of Novus Black?” The simple answer would be family, but there’s a lot […]
March 2024 – Investor Update
Contents 1 – CEO Confidential – Monthly views from your CEO2 – Final figures – Overview of this month’s performance3 – Trader’s Journal – Trading overview of this month and next4 – Gilded Heights -Gold’s Meteoric Rise to Unprecedented Peaks5 – Inside The Engine Room – A Quick Reflection from your COO CEO Confidential […]
February 2024 – Investor Update
Contents 1 – CEO Confidential – Monthly views from your CEO2 – Final figures – Overview of this month’s performance3 – Inside The Engine Room – A Quick Reflection from your COO3 – Appointments – Welcome the new FD5 – Beyond Numbers – First month as FD6 – Trader’s Journal – Trading overview of this […]
January Investor Update
In this comprehensive update, we’re going to explore an in-depth analysis of the activities from January, looking forward to what 2024 holds and what it means for investors. We’ll also discuss trading strategies, our ongoing efforts to streamline operations, and our expansion plans. These efforts are aimed at providing benefits to our clients and further […]
December 2023 – Investor Update
Greetings and best wishes for the New Year! We trust you all enjoyed a delightful holiday season filled with joy and celebration. As we step into 2024, our team is filled with optimism and enthusiasm, looking forward to the potential and possibilities that this year holds. It’s a time for us to reflect on the […]
Merry Christmas From Novus Black
Join us at for our Christmas Address, a special message of gratitude and celebration for our investors. In this brief video, we reflect on the year’s achievements, express our heartfelt thanks for your support, and share our excitement for what’s ahead in 2024. Wishing you a joyful holiday season and a prosperous New Year from […]
U.S. Job Growth Surges in November, Unemployment Rate Drops to 3.7%
In November, the U.S. labor market demonstrated notable strength, with the addition of 199,000 jobs, a significant increase from the 150,000 jobs added in October. This surge in non-farm payroll employment, as reported by the Bureau of Labor Statistics, surpassed expectations and signaled resilience in the face of higher interest rates. Consequently, the unemployment rate […]
Spending Spurs Faster Malaysia GDP Growth
In the face of global economic uncertainty, Malaysia’s economy has demonstrated remarkable resilience, as evidenced by its accelerated growth in the third quarter. The nation’s economic expansion, primarily fueled by robust consumer spending and the strength of its services and construction sectors, has effectively countered the challenges posed by a slowdown in exports. The latest […]
The Bank of Japan Edges Toward Abandoning Negative Interest Rates
The Bank of Japan (BoJ) has recently signaled a potential shift in its monetary policy stance, as indicated by the minutes from its October meeting. There is a growing alignment with the conditions necessary for moving away from the era of negative interest rates. The bank’s updated forecasts suggest a rising inflation trajectory through to […]
October 2023 – Investor Update
October has indeed been one of complexities and unexpected turns, largely influenced by the unfolding events surrounding the Israel conflict. Navigating such uncertain waters required our team to operate with an acute sense of vigilance. Prioritising our risk protocols was not just a choice but an imperative. It was through this stringent focus on safeguarding […]
Germany’s Annual CPI Inflation Dips Below Market Expectations in October
In October, Germany’s inflation, as tracked by the Consumer Price Index (CPI), noted a downturn, settling at 3.8% year-on-year. This figure marked a decrease from September’s 4.5% and failed to meet the market’s anticipated rate of 4%. On a month-on-month basis, the CPI observed no alterations. The softening inflation is seen as a sign of […]
Novus Black App Launch
We are pleased to announce the official launch of the much anticipated Novus Black App, an exclusive platform tailored for our esteemed investors. Key Features of the Novus Black App: We invite you to experience the future of investment management with Novus Black. Download today on the App Store (iPhones) or Google Play (Androids). Should […]
Gold Prices Ascend Amid Israel-Palestine Tensions
As geopolitical unrest deepens in the Israel-Palestine region, gold prices exhibit potential for continued growth. Concurrently, the US Dollar remains stable, notwithstanding the robust US Retail Sales data for September. Furthermore, with the 10-year US Treasury yields climbing to 4.85%, there’s anticipation for an additional interest rate hike by the Federal Reserve. On Wednesday, gold […]
Gold price comes under pressure as yields revive after US Inflation report
Gold price (XAU/USD) faces some selling pressure as the Inflation report for September remained majorly in line with estimates. The monthly core Consumer Price Index (CPI) that excludes volatile oil and food prices expanded by 0.3% and the annual data decelerated to 4.1% as expected by the market participants. The headline inflation remained higher than expectations as […]
September 2023 – Investor Update
September closed on a 6.9% profit, which is an excellent result given the small losses we had to take and the unpredictability of the market in the final week. I want to make this point to everyone: although we have a flawless track record showing every month of realised profit, we also take losses to […]
Pound Rallies on Positive UK GDP Report
The British pound found some respite this Friday morning from both the US dollar and the local UK GDP release (see economic calendar below). UK GDP beat estimates on the headline YoY print as well as the business investment metric. An overall positive report that was driven by the production sector from an output point of view as well as an […]
Breaking: BoE keeps interest rate on hold in split vote
The Bank of England (BoE) announced that it left the policy rate unchanged at 5.25% following the September policy meeting. Markets were expecting the BoE to raise the interest rate by 25 basis points to 5.5%. The BoE’s Monetary Policy Committee (MPC) voted 5-4 in favor of holding the policy rate steady. Governor Bailey, policymakers […]
UK Growth Contracts Leaving Pound on Offer
The British pound looks to enter the European trading session on the backfoot after UK GDP (see economic calendar below) missed on both 3-month average and YoY figures respectively. The MoM print is quite surprising in that the economy contracted by 0.5% (quickest pace in 7 months!) as opposed to the 0.2% expected. In contrast to the prior print, the UK economy seems […]
Pound Sterling looks set to further falls as BoE sees policy sufficiently restrictive
The Pound Sterling (GBP) cracked significantly amid increasing risk-aversion and dovish remarks from Bank of England (BoE) Governor Andrew Bailey and policymaker Swati Dhingra about September’s monetary policy decision. The GBP/USD pair is expected to remain on tenterhooks as policy divergence between the BoE and the Federal Reserve (Fed) is likely to persist if the UK’s central bank decides […]
US Holiday Today but Focus Could be on China
Asian stocks look set for a positive open, with Nikkei +0.32%, ASX +0.71% and KOSPI +0.19% at the time of writing. The Nasdaq Golden Dragon China Index was up 3.2% last Friday, digesting the recent fresh moves from China authorities to support the CNY and its housing market. China’s financial regulators have cut the down-payment requirements for first and second-time home […]
Japanese Yen Makes a U-Turn
The Japanese Yen might be showing early warning signs that the currency might be getting ready to reverse against the US Dollar. Over the past 24 hours, USD/JPY broke under the 145.07 inflection point that was established in late June. This followed the presence of negative RSI divergence showing fading upside momentum. That can at times […]
Dollar retreats from 2-month high, yuan turns higher
The dollar fell from a two-month high on Monday following five straight weeks of gains, as risk sentiment improved in Europe, with attention already turning to the Federal Reserve’s Jackson Hole symposium which kicks off on Friday. The dollar index, which measures the currency against six other majors, was last down 0.2% at 103.18, but still […]
Sterling rises as UK wage growth adds to BoE inflation worries
LONDON (Reuters) -Sterling rose on Tuesday after data showed British basic wages grew at a record pace in the second quarter, adding to the Bank of England’s worries about inflation. The pound was last 0.2% higher at $1.2711, after rising as much as 0.28% to $1.2720 following the data. It was flat against the euro […]
Asia FX weakens amid China fears, dollar strong after CPI
Most Asian currencies fell on Friday amid persistent fears of an economic slowdown in China, while the dollar firmed after data showed that U.S. consumer inflation grew as expected in July. Rising U.S. Treasury yields also pressured local currencies, while expectations that the Federal Reserve will keep interest rates higher for longer kept the dollar buoyant. Data […]
July 2023 – Investor Update
We are approaching our 24th month of trading, and over the last two years, I hope we have proved that we can make excellent profits for our clients and do so in a structured and secure way. I hope that we have also shown you the highest level of customer service and treated everyone exceptionally, […]
US Dollar Rallies on Soaring Yields
The U.S. dollar, measured by the DXY index, climbed on Tuesday, marking its fourth consecutive trading session of gains and reaching its best levels since July 10 (DXY: +0.52% to 102.40). This advance was driven primarily by rising U.S. Treasury yields, with the 10-year note topping 4.0% and approaching the peak observed last month. Encouraging […]
EUR/USD Up After Fed Hike but Skating on Thin Ice
The U.S. dollar took a turn to the downside on Wednesday following the July FOMC announcement. Although the Fed raised interest rates by 25 basis points to 5.25%-5.50%, it did not adopt an aggressive outlook, with Chairman Powell refraining from definitively signaling further policy firming. The overall tone drove Treasury yields lower, pushing EUR/USD towards the 1.1100 handle. The euro’s […]
Novus Black Corporate Overview
Watch our latest corporate overview where you can meet the team, understand more about the Novus Black structure, and learn more about your investment.
UK (GBP) Breaking News: UK CPI Miss Troubles Pound
The British pound slipped after the UK CPI report (see economic calendar below) missed estimates on both headline and core inflation respectively falling from 30-year highs. The key focus was the core inflation print (6.9%) that could indicate a possible peak in the inflation cycle and the impact of the aggressive monetary policy adopted by the Bank of England (BoE). As welcome sign for […]
Markets Might be Pricing in Policy Uncertainty That May Present Opportunities
Going into the third quarter, the macro environment for financial markets is characterized by several central banks potentially nearing the peak in the tightening cycle. The lingering issue in most parts of the world is that inflation remains stubbornly elevated. The notable exceptions from a tightening policy are the Bank of Japan and the People’s Bank of […]
Fed minutes support Fed members inflation concerns
At the June meeting, some Federal Reserve policymakers suggested they would have supported raising interest rates, despite the decision to leave them unchanged. According to the minutes released, several officials argued in favor of a rate increase due to stronger-than-expected economic activity and no clear signs of inflation returning to the Fed’s 2% target. Despite […]
June 2023 – Investor Update
We have again closed another profitable month and are pleased to announce a final figure of 7% profit, which, as I am sure you will agree with, is a massive improvement over the last few months As discussed in the last update, we decided to leave the US-centric markets like Nasdaq alone, manage our positions […]
China, Japan joined at the hip in FX war
ORLANDO, Florida, June 28 (Reuters) – Japan and China may be signaling that they want their currencies to stop weakening too much, but the reality is depreciating exchange rates will help give Asia’s economic giants the inflation and competitive edge both are currently seeking. What’s more, deepening trade links between the two countries and competition […]
Ruble Hits Weakest in 15 Months After Wagner Challenges Putin
The ruble weakened as much as 3% against dollar on Monday, the most this year, after a mutiny by mercenary commander Yevgeny Prigozhin, whose brief uprising represents the biggest threat to President Vladimir Putin’s political control in his almost quarter century in power. The Russian currency narrowed losses to trade 0.6% weaker at 85.1050 per […]
US Indices fall as Powell says inflation fight not over
Global stock indexes fell on Wednesday as Federal Reserve Chair Jerome Powell said the fight to lower inflation still has a “long way” to go, while grains prices jumped on worries about crop shortfalls around the globe. The U.S. dollar was lower and Treasury yields were little changed. After lifting interest rates by 5 percentage […]
Mid Month Update – June
So far, June is playing out well. We are steadily increasing profits due to the new FX strategies and being patient when it comes to closing the shorts in NASDAQ. The NASDAQ situation, however, is very interesting. Therefore, to ensure all investors understand the situation, we wanted to explain our thoughts on the US Markets, […]
EUR/USD under pressure with eyes on ECB-speak
EUR/USD is trading on the defensive below 1.0950 on Monday. The pair is weighed down by the US Dollar recovery and risk aversion, as investors digest US-Sino headlines amid mounting Chinese growth fears. ECB-speak will be in focus. US markets are closed on account of Juneteenth. The EUR/USD pair consolidates last week’s gains and retains its bullish […]
US Dollar heading into a volatile week
The US Dollar (USD) almost pairs back all of its incurred losses at the start of the US trading session, as traders brace for a slew of events and macroeconomic numbers planned later this week. Important datapoints to have in mind for this week are the US Consumer Price Index (CPI) numbers on Tuesday, Industrial Production […]
May 2023 – Investor Update
Firstly, let me thank you for your ongoing support with Novus Black as we complete our 21st month of trading. It’s safe to say that 2023 has not started with the big bang we’d hoped for, and while we all understand that investment has its periods of slow going, we realise that the results we’ve […]
British Pound at Mercy of Peers in Light Data Week: GBP/USD, GBP/JPY, GBP/AUD Price Setups
In a relatively light week regarding UK macro data, the British pound could be at the mercy of some of its peers. After a spectacular run of outperformance since February, UK macro data have generally underwhelmed since mid-May, according to the Economic Surprise Index. Nevertheless, the strong-than-expected data since the start of the year has prompted upgrades […]
U.S. stock futures slip after disappointing China data, as debit-ceiling vote looms
U.S. stock futures were lower Wednesday after data signaling a slowing Chinese economy sparked risk-off trading across markets. How are stock-index futures trading On Tuesday, the Dow Jones Industrial Average DJIA, -0.15% fell 51 points, or 0.15%, to 33043, the S&P 500 SPX, +0.00% increased 0 points, or 0%, to 4206, and the Nasdaq Composite COMP, +0.32% gained 42 points, or 0.32%, to 13017. […]
US Dollar mixed on Monday as debt ceiling talks stall
The US Dollar (USD) is showing a very mixed picture this Monday with two clearly defined regions explaining why the US Dollar Index (DXY) is going nowhere. The US Dollar is gaining against most G7 currencies, with the exception of Asian pairs such as the South-Korean Wong (KRW) and the Japanese Yen (JPY), which are […]
GBP/USD refreshes weekly high above 1.2650 as BoE prepares for a fresh rate hike
GBP/USD has printed a fresh weekly high at 1.2653 in the early European session. The Cable has shown a stellar rally and is expected to extend its upside as the Bank of England (BoE) is preparing for a fresh interest rate hike this week. Thursday’s Bank of England (BoE) interest rate policy will be keenly […]
April 2023 – Investor Update
I am pleased to announce that our 20th month of trading was another month of profit, ending at 5.1%. April was a good month for Novus Black. The trajectory is heading in the right direction, meaning we have doubled last month’s profit. We have started a broker-wide tidy-up and are looking at all the open […]
System Update
We have launched our new system and have put together a quick video walking you through the new functions. The new system is packed with new features and forms the precursor to the app which will be going live in the next couple of months.
April 19th 2023 – Investor Zoom Call
On April 19th 2023, Novus Black invited all investors to join a zoom call to answer some of the questions that had been asked over the previous couple of months regarding performance, drawdown, and future growth plans.
US consumer spending flattens; core inflation still hot
U.S. consumer spending was unchanged in March as an increase in outlays on services was offset by a decline in goods, but persistent strength in underlying inflation pressures could see the Federal Reserve raising interest rates again next week. Stubbornly high inflation was underscored by other data on Friday showing labor costs increasing solidly in […]
Putting For Pounds – Ukraine Fundraiser Golf Day
Millions of people have no safe place to call home, babies are being born in horrendous conditions and many will face a brutal winter ahead without any electricity, heating or water. On 18th May, Join us “Putting for Pounds” at the luxury Bowood Hotel, Spa & Golf Resort as we aim to raise £17,000 that will […]
March 2023 – Investor Update
March, and very much the start of 2023, has been full of trepidation but also provided a good test for the fund. This year alone has shown our investors what we are capable of. We have proved that we are not scared of a fight but also know when to take things cautiously, rest and […]
Banking turmoil means recession fears are creeping back
March 29 (Reuters) – The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s rescue, and the ensuing turmoil in world markets have re-ignited the recession risks that appeared to have abated just a few weeks ago. Reporting by Yoruk Bahceli, Naomi Rovnick, Chiara Elisei, Amanda Cooper, additional reporting […]
Worst bank turmoil since 2008
The Federal Reserve faces a pivotal decision on March 22, 2023: whether to continue its aggressive fight against inflation or put it on hold. Making another big interest rate hike would risk exacerbating the global banking turmoil sparked by Silicon Valley Bank’s failure on March 10. Raising rates too little, or not at all as some are calling for, could not […]
30% Profit Share Model Upgrade
We are writing to notify you about a non-compulsory change to your Novus Black account. All clients are being offered a chance to switch their accounts from a capped model to a profit-share model. Currently, you are reimbursed at a capped amount per month, meaning the maximum monthly profit you can make is limited. Therefore, […]
February 2023 – Investor Update
We have just completed one of the most challenging months in Novus Black’s history. Despite unfavourable market conditions and many variables going against us, we kept composed, acted with justification and made decisions responsibly and swiftly. As a result, we have retained our flawless track record of no losing months and delivered a 1.1% profit […]
EUR/USD Subdued as US Dollar Retains Upper Hand, Gold Can’t Shake Off the Blues
The US dollar, as measured by the DXY index, rose moderately on Thursday, touching seven-week highs near 104.70, as market sentiment remained fragile, depressing appetite for riskier currencies. Against this backdrop, EUR/USD continued its descent, falling around 0.10% and breaking below the 1.0600 handle for the first time since early January. Gold prices also retreated, extending losses […]
Profit Share Upgrade
We have now started the migration for clients to move to the new 30% profit share model. The profit share model is currently not a compulsory change, and if you wish to remain within your current capped model, please disregard this email. However, if you want to upgrade to the profit share model, please click […]
January 2023 – Investor Update
Firstly let me start by apologising for the slight delay with the monthly update email. It has been extremely busy at Novus Black, all in a very positive way, but it has caused a slight delay in sending our monthly update. January has been perhaps one of the most iconic months in the growth of […]
Sterling falls back from seven-month high hit in early trade
LONDON (Reuters) -Sterling retreated on Monday from a seven-month high against the dollar hit in Asian hours, having been helped last week by data showing the British economy was performing better than feared, which also drove expectations of more interest rate hikes. The pound hit $1.24475 in early trade, its highest since June 10. Moves […]
November 2022 – Investor Update
We have completed our 15th month of trading, and we are happy to report another month of consistent profit, with the month being closed out at an impressive 8.0%. This month was slow to start, but thanks to expert leveraging of US100 & US30 positions and shorting the market appropriately, we were able to sell […]
October 2022 – Investor Update
Good Evening and welcome to the 14th Novus Black monthly update report. This October, Novus Black has gained momentum in both trading performance and Fund growth, continuing to strengthen its product offering. We have completed our 14th month of trading, still showing no losses and generating a final trading profit result of 6.55%. This figure […]
September 2022 – Investor Update
Good Afternoon and welcome to the 13th Novus Black monthly update report. Novus Black has now completed its 13th Month of trading through a tumultuous and turbulent economic climate. Despite the economic challenges posed by September’s unpredicted shifts, we have once again managed to provide a profitable month for our clients. Novus Black’s trading performance […]
August 2022 – Investor Update
Today marks 360 days since the very first trade was placed by Novus Black when we were just an aspirational Investment Club. As we complete our first year, we reflect on the last 12 months of triumphing over global adversity, securing regulatory status, and reporting profit every single month. We would like to extend our […]
July 2022 – Investor Update
We are at the end of Novus Black’s 11 month of trading and this month has been a challenging one. We wanted to take this opportunity to update you on July’s market conditions and future plans for the company. Firstly, the good news is that Novus Black will again report no losses for July and, […]
June 2022 – Investor Update
We are writing to all existing clients and self-certified individuals to provide a company update as there have been many improvements and structural changes with Novus Black that everyone needs to be aware of. All of the changes that we have made are to make Novus Black more secure, more sustainable and ultimately a better […]
