In Western Europe, May 8th, the day that the Allies accepted Germany’s unconditional surrender in 1945, is observed as Victory in Europe Day or VE Day.…
Rates as of 05:00 GMT Market Recap GBP was in the spotlight yesterday. The Bank of England hiked 25 bps to 1%, a 13-year high, as…
Rates as of 05:00 GMT Market Recap The Fed did as expected: it hiked the fed funds rate by 50 bps and announced that it will…
Rates as of 05:00 GMT Market Recap Currencies were a bit calmer than usual yesterday ahead of today’s meeting of the Federal Open Market Committee (FOMC),…
Rates as of 05:00 GMT Market Recap AUD was the focus of attention as the Reserve Bank of Australia (RBA) hiked by 25 bps to 0.35%,…
Rates as of 05:00 GMT Market Recap The commodity currencies remain under pressure as markets grow increasingly risk-averse. US stocks fell sharply Friday, with the S&P…
Oh, to be back in Japan now. Next week is Golden Week in Japan. That means there are three consecutive holidays: Tuesday: Constitutional Memorial Day Wednesday:…
Rates as of 05:30 GMT Market Recap That was a surprise! US Q1 GDP was expected to have risen +1.0% qoq SAAR in Q1 but instead…
Rates as of 05:30 GMT Market Recap USD kept powering ahead as US yields rose further. The two-year yield, which is sensitive to expected changes in…
Rates as of 06:30 GMT Market Recap Stock markets continue to lead as Monday’s bounce proved short-lived. There wasn’t necessarily any particular trigger for yesterday’s sell-off,…
