It shouldn’t have surprised me, but it did. In fact it amazed me. Thursday’s US consumer price index was expected to be up 4.7% yoy –…
Exciting week in store! The Bank of Canada meets on Wednesday and the European Central Bank (ECB) on Thursday. Also on Thursday, we get the US…
There were three notable points in the market over the last week that bear discussion, so this week I’m going to address several issues. 1) The…
Rates as of 04:00 GMT Market Recap A generally “risk-off” day as European stocks fell sharply, and the crypto-currency market imploded. Bitcoin was down more than…
Rates as of 04:00 GMT Market Recap It was Europe day in the FX market yesterday. I’ve added NOK and SEK to the trade-weighted indices table…
Rates as of 05:00 GMT Market Recap It’s always surprised me that the market keeps reacting to the same news over and over again, as if…
Market Recap No market recap section today. Commitments of Traders (CoT) report Specs once again increased their short USD position. This week most of the action…
My weekly last week was entitled “The Market Disagrees with the Fed on Inflation.” I could’ve used the same headline this week. In fact, I think…
Rates as of 05:00 GMT Market Recap While fear of inflation has been driving markets recently, things went into reverse yesterday despite yet another surprisingly strong…
Rates as of 05:00 GMT Market Recap A bad, bad day for risk assets. European stocks closed somewhat higher on optimism about economic reopenings and the…
