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The Money Mosaic

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The Money Mosaic is a market analysis podcast for investors following London, brought to you by AI (artificial intelligence). Two hosts, a technical read and a fundamental read, work through the numbers together.
On Mondays, Currency Markets sets up the week for the major currency pairs: where sterling, the euro and the dollar-yen stand, the level that decides each pair's next move, and what is on the economic calendar that could force it.
On Saturdays, the review episode looks back at those same three pairs — whether Monday's levels held or broke, and what the week's moves set up for the days ahead.
On Sundays, The Week Ahead looks at where the FTSE 100 finished the trading week and the forces behind it — the pound, oil, gold, global interest rates and the week on Wall Street — then turns to the economic and earnings calendar for the week starting Monday. It works at the level of the index and its drivers, not individual shares.
Every episode is grounded in verified market data and is analysis, not financial advice.

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Episodes 35

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  • S4 · E15
    Monday · 13 min

    Dollar-yen at 158.1568 as ECB, BoJ loom this week

    Euro-dollar closed at 1.12, up 0.0029 or 0.26%, cable finished at 1.3221 after a 0.0021 rise of 0.16%, and dollar-yen ended at 157.94, down 0.16 or 0.1%. Across the week, euro-dollar fell 1.25%, cable slipped 0.08%, and dollar-yen gained 0.42%. 📉💱 Dollar-yen was the standout, pressing up toward 158.1568 before slipping back below it. The pair sits inside a five-session range of 156.38 to 158.46, with both moving averages above spot and the rally now testing resistance. The pivotal level is 158.1568 for dollar-yen, with price below it at 157.94. The next few sessions bring Bank of Japan Governor Ueda on Tuesday, October 6th, Bank of Japan releases on Wednesday, October 7th, and Federal Reserve Vice Chair for Supervision Michelle Bowman on Tuesday, October 6th, any of which could shape the break or rejection. What remains unresolved is whether 1.1161 and 1.3181 can hold for euro-dollar and cable, and whether dollar-yen can clear 158.1568 before those central-bank voices land. The Money Mosaic examines whether the euro’s floor, cable’s support, and dollar-yen’s resistance decide the week.

  • S4 · E14
    Sunday · 10 min

    FTSE 100 Falls 2.18% Weekly, Below 50-Day Average

    The FTSE 100 finished Friday at ten thousand four hundred and sixty-two, down two point one eight percent on the week from ten thousand six hundred and ninety-five the previous Friday. It traded between roughly ten thousand three hundred and ninety-one and ten thousand seven hundred and fifty-nine, ending below its 50-day average around ten thousand seven hundred and sixty-three. 📉 The most telling backdrop came from the rate environment: the US two-year Treasury yield was 4.83 percent, while the ten-year was 5.28 percent, up zero point eleven on the week. Higher global bond yields can weigh on equity valuations and keep risk appetite cautious. The week beginning Monday, 5th October brings UK international reserves for September, a Bank of England speech and fireside chat from Catherine L Mann on Tuesday, 6th October, and FOMC minutes on Wednesday, 7th October. Thursday, 8th October includes further Bank of England speeches and a scheduled half-year results announcement from a large FTSE 100 retailer, followed by the University of Michigan consumer sentiment survey on Friday, 9th October. The open question is whether the FTSE 100 can hold above the lower end of its range near ten thousand three hundred and ninety-one or whether a move back above ten thousand seven hundred and sixty-three begins to repair the technical damage. The Money Mosaic examines whether central-bank communication, the FOMC minutes, and the rates backdrop can shift that balance.

  • S4 · E13
    Saturday · 9 min

    Euro-dollar Holds 1.1215 as Cable Stays Flat 📉

    Euro-dollar closed at 1.1252 after a week defined by a 1.1215 to 1.1391 range and a -1.18% decline. Cable finished at 1.3238, nearly unchanged on the week, while dollar-yen ended at 157.82 after trading between 156.38 and 158.46. 📊 The clearest level call came in euro-dollar: the 1.1215 floor held, leaving price near the lower end of its range and still below the 50-day moving average at 1.15322 and the 200-day average at 1.16133. The euro move is framed as a firmer dollar week, or at least a euro that could not generate lasting demand, with the script pointing to a shift in rate expectations and a cautious tone rather than a single verified release. Going into the new week, 1.1215 remains the key support in euro-dollar, cable is still boxed inside 1.3181 to 1.3311, and dollar-yen is back below 158.1568 after failing to hold above it. The Money Mosaic reviews whether those levels held, broke, or simply made a nuisance of themselves.

  • S4 · E12
    September 28 · 11 min

    Euro-Dollar at 1.1359, Cable at 1.3204, Dollar-Yen at 156.5

    Euro-dollar closed at one point one three seven four, down one point three pips on the day; cable finished at one point three two five, up zero point zero zero zero eight; and dollar-yen ended at one hundred fifty-seven, down zero point seven seven. The broader week was softer for all three pairs. 📉💱 Dollar-yen stood out most, falling zero point seven seven on the day and sitting below both the 50-day average at one hundred fifty-eight point seven zero four five and the 200-day average at one hundred fifty-eight point four five eight zero four, while remaining above its five-session low at one hundred fifty-six point five. The pivotal level is one hundred fifty-six point five, and price is above it. Japan’s Bank of BoJ Summary of Opinions and Tankan survey arrive on Thursday, September 30, at eight fifty Japan time, with Friday’s US Employment Situation adding another test for the pair. What remains unresolved is whether one hundred fifty-six point five breaks cleanly or rejects price, while euro-dollar still has one point one three five nine and cable still has one point three two zero four ahead of Friday’s euro-area HICP flash estimate, Wednesday’s UK quarterly national accounts, and Friday’s US Employment Situation. The Money Mosaic examines where these three pairs stand, which levels matter, and which releases could force the next move.

  • S4 · E11
    September 27 · 10 min

    FTSE 100 Posts Modest Weekly Gain Amid Mixed Signals 📈

    The FTSE 100 finished Friday at ten thousand six hundred and ninety-five point two five, up from ten thousand six hundred and fifty-nine point one three on 18th September. That made for a gain of thirty-six point one two points, or zero point three four percent, over the week. 📊 The most telling driver was the weaker pound: cable fell one point one one percent over the week. That gave support to the FTSE 100 by improving the sterling value of overseas earnings, even as higher US yields kept the backdrop cautious. The week beginning Monday, 28th September brings Bank of England speeches on quantitative tightening, including Dave Ramsden on Monday and Catherine Mann and Alan Taylor on Tuesday. Wednesday adds the UK quarterly national accounts for April to June 2026, the September Financial Policy Committee Record, and the ADP National Employment Report, before Friday’s US Employment Situation for September 2026. What remains unresolved is whether the index can clear the weekly high of ten thousand seven hundred and seventy-four point six six and move above the fifty-day average at ten thousand seven hundred and sixty-seven point nine five. The Money Mosaic examines whether the range can break, how sterling and US yields may shape sentiment, and what Friday’s US jobs report could mean for risk appetite.

  • S4 · E10
    September 26 · 9 min

    EUR/USD and Cable Held Floors; Dollar-Yen Reversed

    Euro-dollar closed at 1.1391 after moving from 1.1359 to 1.1496 and finishing down 0.76% across the five sessions; cable ended at 1.3243 after ranging from 1.3204 to 1.34 and falling 1.09%; dollar-yen closed at 157.28 after trading between 156.57 and 159.04 and rising 0.19% on the week 📉💱 The clearest weekly confirmation came in dollar-yen, where 156.57 held but the final session dropped 0.98%, leaving price near the lower part of the range and below both longer-term averages. The move was framed as less one-sided than the European pairs, with a change in rate expectations or a shift toward a less supportive risk tone for the dollar helping explain the reversal in dollar-yen. Going into next week, 156.57 remains the key test for dollar-yen, while euro-dollar and cable are still stuck near the bottoms of their ranges and below their longer-term averages. The Money Mosaic reviews which floors held, which charts stayed heavy, and whether the next break comes from support or a recovery.

  • S4 · E9
    September 21 · 11 min

    Dollar-yen Near 158.06 as Euro-Dollar Tests 1.1455

    Euro-dollar closed at 1.1481, up 0.0004, or 0.04%; cable finished at 1.3381, down 0.0002, or 0.01%; and dollar-yen ended at 157.28, up 0.34, or 0.21%, after a mixed Monday, September 21st, 2026. 📉💱 Dollar-yen stood out by extending its recent advance, rising 1.42% over five sessions and sitting just below the 158.06 top of its range, with 154.82 to 158.06 framing the move. The most pivotal level is 158.06 for dollar-yen, with price still below it; the week’s key catalyst is the Bank of Japan Indicators for Core CPI on Friday, September 25th, at two in the afternoon Tokyo time. What remains unresolved is whether 1.1455 in euro-dollar or 1.34 in cable gives way first, and whether Wednesday, September 23rd, at 9:30 London time, or Friday, September 25th, at two in the afternoon Tokyo time, alters the picture. The Money Mosaic examines whether the five-session floors and ceilings hold, and which scheduled release matters most for the next move.

  • S4 · E8
    September 20 · 9 min

    FTSE 100 Edges Higher on Week, Still Below 50-Day Average

    The FTSE 100 finished Friday at 10,659.13, up from 10,650.44 the previous Friday, a rise of 8.69 points, or 0.08%. The index moved between 10,586.39 and 10,823.0, leaving a narrow weekly gain after a busy but indecisive stretch 📉📈 The softer pound was the clearest support, with cable falling 0.97% on the week. That sterling move helped offset pressure from higher global bond yields, while the FTSE still ended below its 50-day average at 10,749.66. The week ahead starts on Monday, 21 September, with a release on measuring artificial intelligence in the UK economy. Tuesday, 22 September, brings UK public sector finances for August and a large FTSE 100 company scheduled to report, while Wednesday, 23 September, adds regional economic activity by GDP and another large FTSE 100 company report; Thursday, 24 September, brings the UK’s real-time economic indicators and business insights releases. What remains unresolved is whether the FTSE 100 can reclaim 10,749.66 and hold above it, or whether it rolls back toward the lower end of the weekly range. The Money Mosaic examines the battle between weaker sterling, gold support, higher US yields and a muted Wall Street backdrop.

  • S4 · E7
    September 19 · 9 min

    Euro-Dollar Held 1.1455 as Pound-Dollar Broke 1.34 📉

    On Saturday, 19 September 2026, the review covered euro-dollar, pound-dollar, and dollar-yen. Euro-dollar closed at 1.1486 after losing 0.92% over the five sessions, pound-dollar ended at 1.3392 after falling 0.83%, and dollar-yen finished at 156.85 after gaining 2.24% across the week. 📊💱 The clearest confirmation came in pound-dollar, where the 200-day average at 1.34 was left behind and the pair closed at 1.3392. That puts cable below both the 200-day average at 1.34 and the 50-day average at 1.35, while still inside the 1.3336 to 1.3528 range. The main driver across the week was a firmer dollar, with rate expectations favouring the dollar rather than the euro and sterling. That pressure kept euro-dollar heavy and prevented cable from reclaiming its trend markers, while dollar-yen’s rise reflected stronger dollar-side momentum against the yen. Going into next week, the unresolved levels are 1.1455 in euro-dollar, 1.34 in pound-dollar, and 158.06 in dollar-yen, with cable still inside the 1.3336 to 1.3528 range and dollar-yen still capped by its range top. The Money Mosaic reviews whether 1.34 in cable can be reclaimed, whether euro-dollar can recover above 1.15359, and whether dollar-yen can clear 158.06.

  • S4 · E6
    September 14 · 12 min

    Dollar-yen at 154.74, euro-dollar near 1.1536, cable below 1.35

    The episode covers euro-dollar, cable and dollar-yen. Euro-dollar closed at one point one five four on Monday, down zero point zero zero three four, or zero point zero two nine percent, while cable finished at one point three four eight six, down zero point zero zero one nine, or zero point one four percent, and dollar-yen ended at one hundred fifty-four point fifty-eight, up zero point five, or zero point three three percent 📉📈 Dollar-yen stands out for pressing the top of its five-session range, with the move running from one hundred fifty-two point ninety-four to one hundred fifty-four point seventy-four. Price is still below both the 50-day average and the 200-day average, so the recent rise is testing resistance rather than confirming a broader turn. The most pivotal level is euro-dollar’s five-session range low at one point one five three six, and price is just above it. The Federal Reserve’s two-day meeting runs from Tuesday, September 15, to Wednesday, September 16, with the decision and press conference on Wednesday, then euro-area consumer-price data is scheduled for Thursday, September 17, at noon central European time. What remains unresolved is whether one point one five three six for euro-dollar and one point three five for cable will hold, and whether one hundred fifty-four point seventy-four for dollar-yen will break. The Money Mosaic examines where the levels sit, which catalysts could force the issue, and what the week may reveal by Saturday.

  • S4 · E5
    September 13 · 10 min

    FTSE 100 Falls 1.67% On The Week Amid Caution 📉

    The FTSE 100 finished Friday at ten thousand six hundred and fifty point four four, down one hundred and eighty point six five points, or one point six seven percent, from the previous Friday’s ten thousand eight hundred and thirty-one point zero nine. It traded between ten thousand five hundred and ninety-four point three four and ten thousand eight hundred and sixty-eight point two seven. 📉 The most telling backdrop was the rate setting: the US two-year yield finished at 4.63 percent, while the US ten-year finished at 4.96 percent, with the ten-year yield up 0.18 on the week. Higher bond yields made equity valuations less comfortable. The coming week is packed with catalysts: the UK labour-market release on Tuesday, 15 September, the Federal Reserve policy meeting running through Wednesday, 16 September, the UK consumer price inflation release for August on 16 September, US retail-sales on 16 September, the Bank of England’s September Monetary Policy Summary and minutes on Thursday, 17 September, US industrial production, and UK retail sales on Friday, 18 September. The FTSE 100 ended below its 50-day average at ten thousand seven hundred and thirty-eight point four three, leaving that level as the first obvious hurdle for any recovery. The Money Mosaic examines whether central banks, inflation data and bond yields can alter the market’s tone, and whether oil support can offset the pressure.

  • S4 · E4
    September 12 · 10 min

    Dollar-Yen Fell Below 158.42033 as Euro-Dollar Lost Ground

    Euro-dollar closed at 1.1599 after a five-session move from 1.1569 to 1.1654, down 0.09% and ending below the 200-day average at 1.16319. Pound-dollar finished at 1.3523, up 0.11% inside 1.3465 to 1.3568, while dollar-yen fell to 153.47 from 152.89 to 156.29, down 1.75% 📉📊 Dollar-yen delivered the clearest technical break, staying below the 200-day average at 158.42033 and closing at 153.47, well under both moving averages. That left the pair near the lower side of its weekly range and with the strongest downside momentum of the three. The move was framed as a clear softer-dollar shift against the yen, with changing rate expectations and risk sensitivity likely part of the mechanism. The weekly slide suggested weakening support for the dollar, though the script treats that as interpretation rather than a confirmed release-driven reaction. What remains unresolved is whether euro-dollar can reclaim 1.16319, whether pound-dollar can keep 1.35 as a floor, and whether dollar-yen stays under 158.42033 or rebounds. The Money Mosaic reviews whether the failed euro break, the pound’s held support, and the yen pair’s downside momentum carry into the new week.

  • S4 · E3
    September 7 · 12 min

    EUR/USD Tests 1.16314, USD/JPY Slides Toward 154.05 📊

    EUR/USD closed at 1.1624 after rising from 1.161, GBP/USD finished at 1.3539 after climbing from 1.3509, and USD/JPY ended at 154.66 after falling from 156.11; the session also framed the 200-day average at 1.16314 and the five-session boundaries across all three pairs. 📉📈 USD/JPY stood out most clearly, dropping 0.93% on the day and 3.44% over five sessions, leaving price just above the bottom of the five-session range at 154.05 and below both the 50-day average at 160.6308 and the 200-day average at 158.45486. The most pivotal setup is EUR/USD, where the decisive level is the 200-day average at 1.16314 and price is currently below it at 1.1624. The ECB Governing Council meeting begins on Wednesday, September 9, and continues on Thursday, September 10, with the monetary policy decision and press conference on Thursday. What remains unresolved is whether EUR/USD can clear 1.16314, whether GBP/USD can break 1.3549, and whether USD/JPY can slip below 154.05 before Thursday’s US Producer Price Index at 8:30 in the morning Eastern Time. The Money Mosaic examines whether these range edges hold, which catalyst matters most, and how the next one to three sessions may resolve the pressure.

  • S4 · E2
    September 6 · 12 min

    FTSE 100 Edges Higher: Quiet Week, Key Data Ahead

    The FTSE 100 finished Friday at ten thousand eight hundred and thirty-one, compared with ten thousand eight hundred and twenty-four the previous Friday. That was a rise of six point eight three points, or zero point zero six percent, after trading between roughly ten thousand six hundred and ninety and ten thousand eight hundred and sixty-seven 📈 The biggest weekly move in the script was Brent crude, which finished at ninety-six twenty-eight and rose nine point two eight percent. That stood out against the weaker pound and lower gold, shaping a mixed backdrop for the index. The coming week is light at first, with Labor Day in the United States on Monday, 7 September, and one listed FTSE 100 financial company reporting. Wednesday brings the US Employer Costs for Employee Compensation release, Thursday has the US Producer Price Index, and Friday, 11 September, brings UK monthly GDP, US Consumer Price Index and US Real Earnings. What remains unresolved is whether the FTSE 100 can break out of its recent band and hold above the 50-day average at roughly ten thousand seven hundred and twenty. The open question is whether Friday’s UK and US data can provide that swing. The Money Mosaic examines whether the index can leave its range, how inflation data may steer yields, and what the week’s mixed signals mean for the broader backdrop.

  • S4 · E1
    September 2 · 12 min

    EUR/USD and Cable Hover Near Support; USD/JPY Near Resistance

    The episode covers EUR/USD, GBP/USD, and USD/JPY. EUR/USD closed at one fifteen seventy-three, down zero point zero zero two or zero point one seven percent; GBP/USD closed at one thirty-four eighty-six, down zero point zero zero two nine or zero point two one percent; USD/JPY closed at one fifty-nine eighty-nine, down zero point two eight or zero point one seven percent. 📉💱 EUR/USD stands out as the pair most clearly pressing a recent boundary, hovering just above the five-session range low at one fifteen sixty-seven while sitting down zero point six eight percent over the last five sessions and below the two-hundred-day average at one point one six three zero three. The most pivotal setup is EUR/USD at one fifteen sixty-seven, with price above the level and the market watching the US ISM Services PMI on Thursday at ten in the morning Eastern Time, then the US Employment Situation for August on Friday at eight thirty in the morning Eastern Time. What remains unresolved is whether one fifteen sixty-seven, one thirty-four seventy-seven, or one sixty thirty-nine gives way, and whether the US Employment Situation for August on Friday at eight thirty in the morning Eastern Time changes the direction. The Money Mosaic examines where support and resistance stand, how the next releases may pressure those levels, and whether the recent ranges survive.

  • S3 · E38
    September 1 · 10 min

    USD/JPY Rises, EUR/USD and GBP/USD Drift Lower Today 📈

    The London session covered EUR/USD, GBP/USD and USD/JPY. EUR/USD closed at one sixteen oh nine, down zero point zero zero zero eight, or zero point zero seven percent; GBP/USD finished at one thirty-five forty-six, down zero point zero zero zero two, or zero point zero one percent; USD/JPY ended at one fifty-nine eighty-eight, up zero point one five, or zero point zero nine percent. 📊 USD/JPY stood out by extending its recent rise, adding zero point three seven percent over the last five sessions. The close near the upper boundary of one fifty-nine eleven to one sixty point two signalled firmer momentum than the other pairs. The technical read and the broader view did not always point the same way. EUR/USD and GBP/USD sat between or near their longer-term averages, while the recent price action still leaned weaker; USD/JPY was constructive on momentum, yet still below its 50-day average at one sixty point nine zero one two five. What remains unresolved is whether the key range edges will give way: EUR/USD still needs a move beyond one sixteen sixty, GBP/USD must prove whether one thirty-five twenty-five breaks, and USD/JPY needs to show if one sixty point two can be cleared. The Money Mosaic examines whether range boundaries hold, whether momentum persists, and how price behaves against its averages.

  • S3 · E37
    August 28 · 12 min

    EUR/USD Edges Up, GBP/USD Soft, USD/JPY Firms 📈

    The session covered EUR/USD, GBP/USD and USD/JPY using the latest verified session closes available. EUR/USD closed at 1.1651, up from 1.1649; GBP/USD ended at 1.3592, just below 1.3593; USD/JPY finished at 159.39, above 159.29. 📊 USD/JPY stood out because its 5-session move was up 0.21% and the close sat very near the upper end of its 5-session range from 158.33 to 159.52, giving the pair the clearest upward bias of the three. The technical read and the broader interpretation pulled in slightly different directions. EUR/USD and GBP/USD had small daily moves but remained near the lower parts of their ranges, while USD/JPY looked constructive; yet all three were framed as modest rather than decisive, with room for consolidation or fading momentum. What remains unresolved is whether EUR/USD and GBP/USD can recover through their recent ranges, and whether USD/JPY can hold near the top of its band without stalling near 159.52. The Money Mosaic examines whether recent range edges hold, whether the mild dollar-positive tone persists, and whether any of these moves finally extend.

  • #36
    August 26 · 11 min

    EUR/USD Edges Lower as GBP/USD and USD/JPY Stay Range-Bound

    EUR/USD closed at 1.1662 from 1.1679, GBP/USD finished at 1.363 from 1.3633, and USD/JPY ended at 159.08 versus 158.93. The day brought a -0.15% euro move, a -0.02% sterling dip, and a +0.09% dollar rise against the yen. 📉💱 EUR/USD stood out most, easing on the day but still up +0.72% over the last 5 sessions, with price sitting near the top of its 1.1565 to 1.1711 range. That leaves 1.1711 as the key nearby test. The technical read leaned mildly bullish for EUR/USD and GBP/USD because both pairs were near the upper end of their recent ranges, while the broader read stayed cautious without a fresh catalyst. For USD/JPY, the daily rise conflicted with a -0.22% five-session decline, leaving the move as a tug-of-war inside 158.0 to 159.77. What remains unresolved is whether the upper boundaries can break: 1.1711 for EUR/USD, 1.3675 for GBP/USD, and 159.77 for USD/JPY. Until then, the market stays range-bound and the recent views can still be proved wrong by a retreat toward the lower ends. The Money Mosaic examines whether the upper edges hold or give way, and how the short-term tone compares across EUR/USD, GBP/USD and USD/JPY. #EURUSD #GBPUSD #USDJPY #Forex #CurrencyMarkets #FXAnalysis #RangeBound #TechnicalAnalysis #MarketUpdate #TheMoneyMosaic

  • S2 · E33
    Nov 29, 2025 · 13 min

    Mega-Cap Tech Leads the Focus ETF Higher This Week

    Deborah and Kieran dissect the Focus ETF, led by mega-cap tech (Apple, Microsoft, Nvidia, Alphabet) with VUAG anchoring risk assets. Technicals show support near £63–£64 and resistance around £66–£70; Nvidia and MSFT momentum is a tailwind. Macro factors—AI demand, FX dynamics, and geopolitical dynamics—shape the outlook. The team keeps a conservative stance with a 5% risk cap and a short-to-medium horizon, anticipating a continued risk-on tilt and selective upside. 🧭📈💡🌐🧠💹

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