This past week was mostly about the European Central Bank, with a sideshow in Britain and something from the Bank of Canada for those who trade…
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…
Rates as of 04:00 GMT Market Recap Another day, another downleg in the dollar. The Empire State manufacturing index missed expectations and fell to 3.7 from…
Rates as of 04:00 GMT Market Recap We finally got the retracement in oil and CAD that I was expecting a few days ago, but with…
Rates as of 04:00 GMT Market Recap We’re more back to normal today: selling the dollar. Yesterday morning I was talking about EUR/USD’s struggle to stay…
Rates as of 04:00 GMT Market Recap The Bank of England did what everyone expected – raised the limit on its Asset Purchase Facility (APF) by…
A return to safe-haven assets pushed the dollar higher today with the GBP/USD tumbling 0.5% lower as of 10:00 GMT on Thursday. We, therefore, sold the…
Rates as of 04:00 GMT Market Recap A fairly clear “risk-off” day in the FX market: JPY and CHF the #1 and #2, CAD, AUD and…
The title of my last weekly outlook was “Is the worst over?” This was referred to the economy, which was showing the proverbial “green shoots,” in…
Rates as of 04:00 GMT Market Recap Evidence is mounting that perhaps the global economy is past the worst. Yesterday’s service-sector purchasing managers’ indices all gained,…
