Rates as of 05:00 GMT Market Recap Today we can demonstrate what the phrase “a sea of red” means when we look at Bloomberg page WEI…
Rates as of 05:00 GMT Market Recap Somewhat odd movements this morning. The general sense is “risk-on” after Friday’s dreaded US consumer price index (CPI) came…
The FX market usually isn’t that volatile this time of year. Companies are slowing down, finishing up for the year and getting ready for Christmas parties,…
Rates as of 05:00 GMT Market Recap Largely a reversal day – note how most currencies line up along the blue dotted line in the second…
Rates as of 05:00 GMT Market Recap The AUD rally continued (as did JPY retracement) as risk aversion wanes and the “risk-on” mood spread. The S&P…
Rates as of 05:00 GMT Market Recap Monday was a reversal day, Tuesday was a continuation of that reversal, with the commodity currencies gaining particularly CAD…
Rates as of 05:00 GMT Market Recap A day of reversals as the best-performing currencies yesterday were the worst today and vice-versa. What I’ve called a…
Rates as of 07:30 0 GMT Friday’s US nonfarm payrolls The nonfarm payrolls fell well short of expectations at +210k vs the market consensus forecast of…
We should’ve known something was up from the speeches made on Nov. 22nd when President Biden reappointed Fed Chair Powell and appointed Gov. Brainard as Vice…
Rates as of 05:00 GMT Market Recap After days of some volatility, FX rates were little changed overnight. I’m astonished to see oil up and CAD…
