Sometimes markets are driven by economics, sometimes they’re driven by technicals. But right now they’re being driven by politics and I have no special insight into…
Thursday’s higher-than-expected US consumer price index (CPI) was the last straw for the markets. With inflation now at 7.5% yoy, the highest since 1982, investors upped…
We’ve talked a lot about inflation, the impact of the pandemic, the impact of labor shortages, used cars and microchips, whether it’s “transitory” or whether prices…
Rates as of 05:00 GMT Market Recap Not much movement in currencies today. The biggest move was a reversal of NZD and AUD, as the second…
Rates as of 05:00 GMT Market Recap So…why after the Reserve Bank of Australia makes an almost inexplicable decision to keep its “low indefinitely” policy…
Rates as of 05:00 GMT Market Recap Expectations of central bank tightening continue to dominate the markets. EUR/USD moved higher yesterday after German inflation beat estimates,…
Rates as of 06:00 GMT Market Recap If you look at the second graph you’ll see that several of the currencies lie on or near the…
Rates as of 06:00 GMT Market Recap Was the Fed dovish or hawkish? Opinions seem to be mixed. One pundit on Twitter said that the…
Rates as of 06:00 GMT Market Recap Stocks struggled yesterday. European stocks closed higher, but New York opened lower and only momentarily poked its nose above…
Rates as of 06:00 GMT Market Recap I’m sure those of you who own US equities – or any equities, for that matter – must have…
