Rates as of 05:00 GMT Market Recap I learned in high school geometry class that you need two points to draw a line. Markets often try…
Rates as of 05:00 GMT Market Recap Tuesday’s market action was in part just a reversal of Monday’s. The safe-haven currencies that gained on Monday (USD,…
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…
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 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 The US news on Friday was what’s called a “Goldilocks” scenario: not too hot, not too cold, but just…
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 Fed raised rates by 75 bps, as expected. The reaction though was not as expected, at least not…
