Sterling's performance since last Thursday's Treasury/BOE announcement has been impressive. It has been the strongest major currency, behind the Australian and New Zealand dollars. Today sterling is trading within yesterday's ranges(roughly $1.5615-$1.5760). Some participants take note that the 200...
The first is a 30-minute window around the FOMC announcement, which usually occurs at 14:00 ET. Following, among others, Gürkaynak, Sack and Swanson (2005), Fleming and Piazzesi (2005), and Nakamura and Steinsson (2018), we use the exact time of the announcement as reported by ...
Today's macro aspect focuses on important data such as the actual monthly retail sales rate in Germany in August and the initial monthly rate of durable goods orders in the United States in August. In addition, ...
Energy stocks and energy service providers are selling off today, with the price of WTI crude down more than -7% at a 4-year low. As a result, APA Corp (APA) is down more than -9%, and Diamondback Energy (FANG) is down more than 8%. Also, Haliburton (HAL) and Devon Energy (D...
The markets are discounting the chances at 2% for a -25 bp rate cut at the next FOMC meeting on March 18-19. EUR/USD (^EURUSD) today is up +0.32%, adding to Thursday’s +0.79% rally. The euro has been boosted by hopes that talks could lead to a resolution of the Russian-Ukrain...
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