It’s clear that most central banks want to tighten policy nowadays. Not surprising, as inflation has proved less “transitory” than they expected a year ago. I’m…
Rates as of 05:00 GMT Market Recap A day of reversals as the best-performing currencies yesterday were the worst today and vice-versa. What I’ve called a…
Rates as of 07:30 0 GMT Friday’s US nonfarm payrolls The nonfarm payrolls fell well short of expectations at +210k vs the market consensus forecast of…
Rates as of 05:00 GMT Market Recap After days of some volatility, FX rates were little changed overnight. I’m astonished to see oil up and CAD…
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…
Rates as of 05:00 GMT Market Recap Not that much action in FX overnight. While the Euro STOXX 600, S&P 500, and NASDAQ all hit record…
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…
