Rates as of 05:00 GMT Market Recap It’s “risk-on” again although I’m puzzled as to what exactly has caused the change in heart. Sometimes the markets…
Rates as of 05:00 GMT Market Recap Well, maybe I will be able to retire eventually after all… Equity market sentiment improved substantially yesterday, with the…
Rates as of 05:00 GMT Market Recap From “transitory” to “expeditiously” In the minutes of the May meeting of the Federal Open Market Committee (FOMC), the…
Rates as of 05:00 GMT Market Recap The star performer overnight was obviously NZD, which jumped based on a more aggressive-than-expected Reserve Bank of New Zealand…
Rates as of 05:00 GMT Market Recap EUR was the leader after European Central Bank (ECB) President Lagarde gave the most specific “guidance” yet about the…
Rates as of 05:00 GMT Market Recap AUD and NZD were the biggest winners since Friday morning. I doubt if this had anything to do with…
Rates as of 05:00 GMT Market Recap Not what I would’ve expected! Yesterday’s preliminary purchasing managers’ indices (PMIs) for the major industrial countries were disappointing across…
Rates as of 05:00 GMT Market Recap The second graph above tells the story nicely: by and large it was a reversal day in the FX…
Rates as of 05:00 GMT Market Recap Softening global growth expectations and rising virus cases turned into a bad day for commodities. China has instituted border…
Rates as of 05:00 GMT Market Recap A generally “risk-on” day as US economic data showed the recovery continuing. Jobless claims came in better than expected,…
