There are two central bank meetings on the schedule for next week, and both of them have possibilities for a change in their bias, although policy…
The year is drawing to a close, yet the drama continues unabated. There are still several stories moving the markets. Here’s a look at where we…
OK, I admit, the headline should read “To “V” or to “W”, but how could I resist? So far, it looks like a “V” shaped recovery.…
During my career, I’ve often felt like Sisyphus: the fellow in Greek mythology doomed to roll a boulder up a hill, only to find that inches…
I’ve been writing FX comments for…well, I don’t want to say how long. Let’s just say that when I first started in this business, I used…
The title of my last weekly outlook was “Is the worst over?” This was referred to the economy, which was showing the proverbial “green shoots,” in…
First off, let me say that I tend to be a worried person. I wake up in the morning worried I won’t be able to get…
One of the hottest debates raging among central bankers – insofar as central bankers rage, which admittedly is not very much – is over negative interest…
Markets are getting very excited at the prospect of countries coming out from under lockdown. Investors are assuming that as countries come out of lockdown, economies…
We’ve heard from a number of central banks recently. In fact, we’ve been hearing from central banks almost constantly, in unscheduled meetings as well as scheduled.…
