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 –…
Rates as of 05:00 GMT Market Recap One of the best-known market apothegms is that “the market can remain irrational longer than you can remain solvent.*”…
Rates as of 05:00 GMT Market Recap Another day of limited movement in financial markets. US stocks were even more becalmed than the FX market –…
The big issue to be decided at Thursday’s ECB meeting is the pace of bond purchases in their Pandemic Emergency Purchase Programme (PEPP). Just to remind…
Thursday’s US consumer price index (CPI) for May will be perhaps the most closely watched indicator so far this year. The big question facing the financial…
Rates as of 05:00 GMT Market Recap Once again very quiet day all around, not just in FX. In the stock market, the S&P 500 closed…
Rates as of 05:00 GMT Market Recap Hibernating in June? The currency market was nearly frozen yesterday, with the trade-weighted indices all remaining within a ±0.1%…
Rates as of 05:00 GMT Market Recap Friday’s US nonfarm payrolls were good, but not as good as the market was expecting. The less-than-stellar 559k increase…
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…
Rates as of 05:00 GMT Market Recap A day that broke the pattern – A few days ago I was looking at volatility, trying to see…
