PREVIOUS TRADING DAY EVENTS – 20 July 2023 The figures from Australia’s Employment data release show that employment increased significantly, beating expectations for a second month…
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…
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…
Rates as of 05:00 GMT Market Recap The Fed’s rate decision yesterday – to hike by 75 bps – was in line with market expectations and…
Rates as of 05:00 GMT Market Recap It’s gas, gas, gas today! EUR was the focus as natural gas prices rose 21% to hit their highest…
Rates as of 05:00 GMT Market Recap In Europe, Russia reduced the supply of gas to the Nord Stream 1 pipeline to only 20% of capacity…
Rates as of 05:00 GMT Market Recap Dramatic moves in the FX market! JPY pairs saw 3-standard-deviation (SD) moves, with EUR/JPY moving 4 SDs. EUR/USD saw…
Rates as of 05:00 GMT Market Recap AUD was the best-performing currency ahead of this morning’s rate decision by the Reserve Bank of Australia (RBA). In…
Rates as of 05:00 GMT Market Recap NZD was the clear winner today but it’s hard to explain why. The currency was plunging on Friday morning…
