PREVIOUS TRADING DAY EVENTS – 21 July 2023 The change in the total value of inflation-adjusted sales at the U.K. retail is estimated to have risen…
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…
Rates as of 05:00 GMT Market Recap What do you have to do to get any respect around here? The Bank of Canada shocked markets Wednesday…
Rates as of 05:00 GMT Market Recap Rising inflation and expectations of more hawkish central bank response were the two themes moving the market yesterday. First,…
Rates as of 05:00 GMT Market Recap The RBNZ hiked rates 50 bps as expected and promised more. It kept a hawkish stance in the statement…
Rates as of 05:00 GMT Market Recap Financial markets were dominated by “risk-off” sentiment yesterday but without a clear catalyst. One can point to many factors.…
Rates as of 05:00 GMT Market Recap JPY is clearly the dominant story this morning. The currency plunged on news that Japan’s ruling coalition – the…
Rates as of 05:00 GMT Market Recap Well, it’s bye-bye Boris! I had expected that his departure would cause some near-term uncertainty and thereby cause the…
Rates as of 05:00 GMT I just want to point out though that more than 40 senior UK officials resigned yesterday, following Chancellor of the Exchequer…
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…
