The biggest event of the weekend, if not the month, was China’s FX reserve outflow update, which at $100BN was slightly better than the $120BN expected (it pushed China’s reserves to the...
When I entered the fixed income business 26 years ago next month (and when I took over a fixed income trading book two years later), the fixed income business was a simple place. One judged credits o...
The pervasive narrative on Wall Street is that the collapse in oil prices will, any second now, restore consumers to their profligate spending ways. In fact, financial pundits have been calling for pl...
In my last few posts, I’ve been sharply criticizing the portfolios delivered by the aggressively marketed and heavily publicized large generalist robo-advising firms. While their web sites are bea...
The crowd piled into investment-grade bonds last week as economic worries triggered an exodus out of risky assets. Reviewing the major asset classes for the week just passed through an ETF lens reve...
That was a rough first week of February for the US Dollar. After interest rate markets priced out any rate hikes by the Federal Reserve this year, the greenback slid across the board, with Wednesday,...
The Chinese Year of the Monkey has started today, kicking off a week of public holidays in China during which all trading will be suspended. This vacation may be a nice breather for the struggling eco...
Silver is one of my favorite commodities to follow, and for good reason. Silver is one of the unique commodities in the sense that it is not just a commodity that’s used by the public, it’s a s...
Many markets are closed in Asia, and although Tokyo managed posted equity gain, most other markets in the region that were open fell. And the selling pace picked up in Europe. The Dow Jones Stoxx...
EUR/USD Intraday: key resistance at 1.1180. Pivot: 1.1180 Most likely scenario: short positions below 1.1180 with targets @ 1.1070 & 1.1030 in extension. Alternative scenario: above 1.1180 look fo...