It was 50 years ago today that Nixon met at Camp David with Fed Chair Arthur Burns, incoming Treasury Secretary John Connally, and then Undersecretary for…
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 The eagerly awaited US consumer price index (CPI) yesterday had a mixed result: the headline figure was exactly as…
Rates as of 05:00 GMT Market Recap I did point out in my Weekly Outlook that just because it’s August doesn’t mean volatility goes away. On…
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 US gained against all the majors as Friday’s better-than-expected US nonfarm payrolls boosted expectations of Fed tightening. The headline…
The seemingly inexorable decline in global bond yields continued over the last week. US yields are retesting the recent lows set back in July. In Germany,…
Rates as of 05:00 GMT Market Recap Markets were in risk aversion mode Friday as tech led the retreat in stocks against a backdrop of outlook…
Rates as of 05:00 GMT Market Recap A neither-here-nor-there day for risk as most stock markets were little changed. S&P 500 was up a bit, NASDAQ…
Rates as of 05:00 GMT Market Recap In the absence of any major news or economic indicators, the main theme in the FX market Friday was…
