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- Lagos landlords don’t warn -neither does the markets.
Lagos landlords don’t warn -neither does the markets.
This week’s NFP and PMI data hit the charts like uninvited rent hikes. Mr. Pips explains who’s paying.
Pips WMarkets
July 07, 2025
From the Desk of Mr. Pips
If you’ve ever rented a house in Lagos, you already understand market volatility.
See, in Lagos, your landlord doesn’t knock.
He arrives unannounced, usually at 6am on a Saturday,
clapping at your gate and shouting:
“Tenant! I dey increase rent!”
No prior notice. No discussion. Just vibes and audacity.
And if you’re not home, don’t worry - he’ll leave a note written on cardboard with charcoal:
“Pay new rent or pack. God bless.”
By Monday, the plumber has increased service charge.
By Tuesday, your power meter starts blinking “Error 41.”
And by Friday, your ceiling starts leaking mysteriously - the landlord says it’s “your spiritual problem.”
That’s Lagos.
Unpredictable. Aggressive. No time to explain.
Just like the market after a hot NFP or Fed rate comment.
You think your EURUSD long is safe - then Powell walks in like a Lagos landlord:
“Good morning, I’m here to adjust interest rates.”
Now your setup is leaking.
Your gold trade is crying.
And your crypto bag is looking like a burnt ceiling.
But guess what? Smart tenants always plan ahead.
They read the signs, they prepare early, and when wahala comes - they’re two steps ahead.
That’s what we’re doing this week.
We’re watching the landlord events: NFP, ISM PMIs, Crude Inventories -
And we’re preparing for the knocks at the gate.
Because whether it’s EURCAD, Nasdaq, or XAUUSD,
one thing is certain: the market will come collecting.
Let’s break down who owes rent… and who’s getting evicted
Fundamental Market Drivers This Week
Pair / Index | Landlord Event | What It Means | Trade Bias |
|---|---|---|---|
EURCAD | NFP/PMI | USD tightens → CAD dips → EURCAD rises | LONG |
GBPJPY | Jobs + Risk-Off flows | JPY safe-haven demand → GBPJPY decays | SHORT |
CADCHF | Oil Inventories | Oil dips → CAD falls + CHF strength → CADCHF drops | SHORT |
GBPCHF | USD move + risk sentiment | USD up → CHF up → GBPCHF down | SHORT |
EURUSD | NFP/PMI | Strong USD → EURUSD drops; weak USD → EURUSD rises | SHORT |
XAUUSD | PMI/NFP + real yields | USD strong → yields up → gold drops; opposite if weak data | SHORT |
USOIL | Crude Inventories | Build → selloff; draw → recovery | SHORT |
NZDJPY | USD pressure + risk waves | USD up / risk-off → Kiwi down, JPY up → NZDJPY off | SHORT |
EURJPY | PMI/NFP + USD/JPY reaction | USD strength → JPY lift; EUR lag → EURJPY drops | SHORT |
NASDAQ | Fed tone + jobs + PMI | Hawkish USD + weak earnings = tech sell-off | SHORT |
S&P 500 | Same as Nasdaq | Broad risk-off → equities dip | SHORT |
BTC | USD strength + risk aversion | Bitcoin falls when USD surges and risk-off kicks in | SHORT |
ETH | Same catalysts | Ethereum follows risk assets down | SHORT |
XRP | Risk sentiment + USD flows | XRP drifts lower on risk-off and USD gains | SHORT |
Market Resonance: Mr. Pips Explains
One big "landlord event" like NFP or a Fed speaker creates ripple effects.
Example:
🟥 Strong NFP
→ USD strengthens
→ EURUSD drops, gold dumps, oil sells
→ Risk sentiment sours
→ JPY and CHF rally
→ GBPJPY, CADCHF, and S&P all start leaking.
That’s Lagos logic: one angry landlord, 12 affected tenants.
Final Advice from Mr. Pips
When your Lagos landlord says,
“You sef know say this my house don cost,”
you don’t argue.
You adjust your strategy, you start looking for options, and you avoid surprises.
Same thing in the markets this week.
Don’t argue with the dollar.
Don’t hope JPY will stay weak.
Don’t assume gold will be your savior.
Plan ahead. Adjust position size. Watch the high-impact zones.
Because in trading -just like in Lagos -
You’re either the sharp tenant, or the next eviction story.
Stay sharp,
Mr. Pips
Lead Analyst, WMarkets
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