Rates as of 05:00 GMT Market Recap GBP was far and away the best-performing currency, as you can see from the chart. No clear trigger that…
Rates as of 05:00 GMT Market Recap Yesterday was “mean reversion day” as the market largely reversed Tuesday’s movements. JPY which had been the #1 gainer…
Rates as of 05:00 GMT Market Recap A fairly typical “risk-off” day, with the commodity currencies losing ground and JPY & USD gaining. The anomalies were…
Rates as of 05:00 GMT Market Recap The two central bank meetings over the last 24 hours were not the main thing pushing the FX market.…
Rates as of 05:00 GMT Market Recap Well, I was wrong about the European Central Bank (ECB) meeting. I was even wrong about President Lagarde’s scarf!…
Rates as of 05:00 GMT Market Recap On Tuesday I said that the stock market was no longer signalling “risk-on” or “risk-off,” but rather “rotation.” Yesterday…
Rates as of 05:00 GMT Market Recap Hah! All the graphs I showed yesterday morning about the stock market went in the opposite direction Tuesday as…
Rates as of 05:00 GMT Market Recap Normally I start my day by looking at the stock markets to see whether we’re in a “risk-on” or…
Rates as of 05:00 GMT Market Recap The bond market and interest rates continue to dominate the financial markets’ attention. Following Friday’s blowout nonfarm payrolls figure,…
There’s been a marked change in sentiment in financial markets recently. The change has emanated from the bond market, specifically the US Treasury market, where yields…
