Newsletter

The defining event of the week was not a central bank but the long end of the bond market: Treasury…

The dollar did the week's work through the bond market rather than any policy event. US yields broke…

The Federal Reserve hiked for the first time since 2023 on 16 September, voting 12-0 to lift the funds…

Friday was the week. Fed Chair Warsh used his Jackson Hole keynote to say the Fed still has work to…

Wednesday 19 August was the week, and the trigger was not the one the calendar advertised. The July FOMC minutes…

Monday set the tone. The yen weakened 1% to end the session at ¥159.29 per dollar, the worst performance…

Two labour reports landed on the same morning and split the book down the middle. US nonfarm payrolls unexpectedly declined…

The week the tape stopped fighting our book — mostly. USD/JPY punched to a fresh 40-year high on Friday,…

The week's defining event landed Monday: Andy Burnham became the UK's seventh prime minister in a…

The single biggest event of the week landed on July 8, when the RBNZ surprised markets with a hawkish hike…