Rates as of 04:00 GMT Market Recap The S&P 500 opened slightly higher on Friday but couldn’t hold and by midmorning was down 3%. However it…
Rates as of 04:00 GMT Market Recap Yesterday morning I said markets had gone up for no discernable reason on Wednesday. They fell for the same…
Rates as of 04:00 GMT Market Recap It’s quite unusual nowadays to run my spreadsheet with the rates on it in the morning and find USD…
The monthly update of the shadow policy rates (see explanation at bottom) shows that there’s been little change in most of them over the month of…
Rates as of 04:00 GMT Market Recap USD was looking weak when I wrote yesterday morning and it remained weak for most of the European day,…
Rates as of 04:00 GMT Market Recap The last day of the month was dominated by…month-end flows, naturally. This happens regularly as clockwork, and nearly as…
FX: Commitments of Traders (CoT) report Speculators hit a record-long position in EUR this week. The position is not only long in terms of number of…
Japan’s Prime Minister, Shinzo Abe, resigned suddenly on Friday, citing “ill health.” Having been elected in December 2012, Abe was the country’s longest-serving PM. His…
Rates as of 04:00 GMT Market Recap Japan PM Abe unexpectedly resigned on Friday, causing Tokyo stocks to decline and the yen to rise on a…
The week gone by was a wait of time, so to speak. The market was waiting to hear what Fed Chair Powell would say about the…
