Thoughts on global economies and markets. Analysis of current and topical market moving events and data and their implications for financial markets, with particular focus on foreign exchange.
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Firmer data, most recently in the form of the stronger than expected US consumer confidence and dovish Fed comments as reiterated in the Fed FOMC minutes will provide a buffer for risk trades, supporting the USDs role as the prime funding currency...
Whether its year end book closing/profit taking and/or renewed doubts about the shape of recovery, asset markets have turned south recently. Investor mood appears to be souring as risk aversion creeps back into the market psyche. A string of...
One knows when things aren’t quite right when a football team wins a game by using a hand to help score a goal rather than a foot. In this case it was French striker Thierry Henry who helped France to qualify for the world cup at the expense of...
Risk appetite is failing to show much improvement this week and sharply weaker than forecast US housing data dampened sentiment further following other soft data over recent days including the Empire manufacturing survey, industrial production and...
It is becoming apparent that as the end of the year approaches market players are squaring FX positions rather than putting new risk on. The USD has failed to show any sign of sustaining a recovery over recent weeks but may be benefiting from short...
