Rates as of 05:00 GMT Market Recap I’ve frequently argued that the ADP report is an unreliable guide to nonfarm payrolls, but even I didn’t think…
We’ve talked a lot about inflation, the impact of the pandemic, the impact of labor shortages, used cars and microchips, whether it’s “transitory” or whether prices…
Rates as of 06:00 GMT Market Recap A tale of two central banks, both of which surprised the market by their hawkishness. Let’s take them in…
Rates as of 05:00 GMT Market Recap Not much movement in currencies today. The biggest move was a reversal of NZD and AUD, as the second…
Rates as of 05:00 GMT Market Recap So…why after the Reserve Bank of Australia makes an almost inexplicable decision to keep its “low indefinitely” policy…
Rates as of 05:00 GMT Market Recap Expectations of central bank tightening continue to dominate the markets. EUR/USD moved higher yesterday after German inflation beat estimates,…
Rates as of 06:00 GMT Market Recap If you look at the second graph you’ll see that several of the currencies lie on or near the…
Rates as of 06:00 GMT Market Recap Was the Fed dovish or hawkish? Opinions seem to be mixed. One pundit on Twitter said that the…
Rates as of 06:00 GMT Market Recap Stocks struggled yesterday. European stocks closed higher, but New York opened lower and only momentarily poked its nose above…
Rates as of 06:00 GMT Market Recap I’m sure those of you who own US equities – or any equities, for that matter – must have…
