PREVIOUS TRADING DAY EVENTS – 31 July 2023 According to Eurostat the Euro area annual inflation is expected to be 5.3% in July 2023, down from…
Rates as of 05:00 GMT Market Recap I learned in high school geometry class that you need two points to draw a line. Markets often try…
Rates as of 05:00 GMT Market Recap Tuesday’s market action was in part just a reversal of Monday’s. The safe-haven currencies that gained on Monday (USD,…
Rates as of 05:00 GMT Market Recap I’ve been pretty optimistic about the “soft landing” hypothesis, thanks to the many signs of strength in the US…
Rates as of 05:00 GMT Market Recap I have to admit, as an American citizen, I’m more interested in what went on in the US overnight…
Rates as of 05:00 GMT Market Recap What a shocker! The year-on-year rate of growth in the US consumer price index (CPI) was expected to slow…
Rates as of 05:00 GMT Market Recap It all came down to Friday’s spectacular US nonfarm payrolls, which far exceeded expectations (see table above & commentary…
Rates as of 05:00 GMT Market Recap After two consecutive quarters of negative GDP in the US, commentators were quick to throw the R-word – “recession”…
Rates as of 05:00 GMT Market Recap Well, I feel vindicated! Several Fed officials echoed my views yesterday, largely reversing market sentiment. First off, former Fed…
Rates as of 05:00 GMT Market Recap It’s said in the market that USD/JPY “goes up by the stairs but down by the elevator shaft.” That’s…
