The latest SVB news has greatly changed interest rate expectations for the Federal Reserve meeting on Wednesday. Short Term Interest Rate markets have reacted very strongly to the news pricing…
Since the start of February, the USD has enjoyed a resurgence on a string of data points showing that the US may still need more rate hikes to contain a…
The BoJ has been slowly moving away from its ultra-loose monetary policy but has been doing it in slow stages. First of all, we had the yield curve expanded and…
How long can the BoJ hold out? That’s the question JPY and JGB traders want to know. Last week saw another nudge from market data which suggests the BoJ needs…
Last week saw gold taking another rally higher on further relief/confirmation that US inflation has peaked. The US CPI headline print was in line with the consensus of 6.5% and…
The New Zealand Dollar has been moving higher recently in line with the more bullish outlook from the RBNZ in October. In that meeting, the NZD had not been very…
This week the BoE and the Federal Reserve both met and both had divergent views on the terminal rate for each country. The Fed hiked by 75bps as expected, but…
The outlook for the UK has been covered extensively across the world’s financial media. The list of troubles that the UK faces is extensive. The GBP is down around 16%…
Last week both the RBA and the RBNZ met, but their policy responses were quite different and a divergence has opened up between them. The RBA hiked by 25bps, but…
On Sep 21 the Fed hiked by 75 bps to 3.00-3.25% and Jerome Powell delivered a significant hawkish message expanding the terminal rate to 4.6% for 2023, up from 3.8%…