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…
Rates as of 05:00 GMT Market Recap JPY continues to strengthen! This is a catastrophe for me as my older daughter is still in university in…
Rates as of 05:00 GMT Market Recap The Fed’s rate decision yesterday – to hike by 75 bps – was in line with market expectations and…
Rates as of 05:00 GMT Market Recap It’s gas, gas, gas today! EUR was the focus as natural gas prices rose 21% to hit their highest…
Rates as of 05:00 GMT Market Recap The standout feature this morning is the plunge in NZD. This occurred because of one COVID-19 case “in the…
Rates as of 05:00 GMT Market Recap Normally I try to avoid discussing the previous day’s economic indicators, because that’s by definition yesterday’s news and I…
Rates as of 05:00 GMT Market Recap Interesting move today when USD is on top and JPY and CHF are at the bottom. Is USD no…
