Rates as of 05:00 GMT Market Recap Not much action in currencies overnight but a lot in oil. Oil prices rose after US President Biden announced…
Rates as of 05:00 GMT Market Recap Financial markets were shaken on Friday by two things. One, three voting members of the rate-setting Federal Open Market…
We’ve heard a lot about inflation. Next Thursday is Thanksgiving Day in the US, the biggest national holiday, when much of the country gathers together and…
Rates as of 05:00 GMT Market Recap A fairly quiet day in the currency market, with only EUR and JPY showing movements worth talking about. EUR…
Rates as of 05:00 GMT Market Recap It’s easy to understand why GBP did well yesterday. UK inflation is soaring – up 4.2% yoy from 3.1%…
Rates as of 05:00 GMT Market Recap Better-than-expected US retail sales figures encouraged an optimistic view of the US economy, sending US stocks further into record…
Inflation is the topic that just keeps on giving. It used to be that every Thursday I’d start panicking. “What should I write about this week?”…
So… the Fed finally tapered! OK, now what do we talk about? Now we start speculating about “lift-off” – the time when they start raising interest…
I debated whether the title of this week’s piece should be “from ‘transitory’ to ‘persistent’” but decided to go with the above. In any case, the…
There are three major central bank meetings next week: the Bank of Canada on Wednesday and the Bank of Japan (BoJ) and European Central Bank (ECB)…
