Rates as of 05:00 GMT Market Recap Why was CHF the best-performing currency, followed by the commodity currencies? Usually CHF does well in risk-off periods while…
Rates as of 05:00 GMT Market Recap It all came down to Friday’s spectacular US nonfarm payrolls, which far exceeded expectations (see table above & commentary…
In October 1955, Fed Chair William McChesney Martin, Jr. delivered a speech to the New York Group of the Investment Bankers Association of America. In that…
Rates as of 05:00 GMT Market Recap The Bank of England demonstrated that it’s not what you do but what you say that affects the markets…
Rates as of 05:00 GMT Market Recap After two consecutive quarters of negative GDP in the US, commentators were quick to throw the R-word – “recession”…
Rates as of 05:00 GMT Market Recap Well, I feel vindicated! Several Fed officials echoed my views yesterday, largely reversing market sentiment. First off, former Fed…
Rates as of 05:00 GMT Market Recap It’s said in the market that USD/JPY “goes up by the stairs but down by the elevator shaft.” That’s…
Rates as of 05:00 GMT Market Recap JPY continues to strengthen! This is a catastrophe for me as my older daughter is still in university in…
The US just registered two consecutive quarters of “negative growth” – an awkward phrase that means output as measured by Gross Domestic Product (GDP) shrank. (I…
Rates as of 05:00 GMT Market Recap Is the US in recession? Technically, yes – we learned yesterday that Q2 GDP contracted at a 0.9% quarter-on-quarter…
