Rates as of 04:00 GMT Market Recap I should’ve remembered the motto of the investment industry: “past performance is no guarantee of future performance.” The kind…
Rates as of 04:00 GMT Market Recap Volatility is back! US stocks were down sharply, with the NASDAQ off 4.1% and S&P 500 down 2.8%. All…
Rates as of 04:00 GMT Market Recap With the US and Canada on holiday, activity was slow and most currencies little changed. There was forex trading…
FX: Commitments of Traders (CoT) report Speculators reduced their record-long EUR positions during the latest week, both in absolute terms and as a percent of open…
Rates as of 04:00 GMT Market Recap The S&P 500 opened slightly higher on Friday but couldn’t hold and by midmorning was down 3%. However it…
Rates as of 04:00 GMT Market Recap Yesterday morning I said markets had gone up for no discernable reason on Wednesday. They fell for the same…
The EUR/AUD is set to depreciate further if the recent support area can be broken. Yesterday’s latest GDP figures in Australia revealed that the nation’s economy…
Rates as of 04:00 GMT Market Recap It’s quite unusual nowadays to run my spreadsheet with the rates on it in the morning and find USD…
The monthly update of the shadow policy rates (see explanation at bottom) shows that there’s been little change in most of them over the month of…
The dollar bounced off of two-year lows this morning as U.S. data pointed to a firm manufacturing activity, which led to the EUR/USD losing some steam…
