Quantitative tightening: the balance sheet as a policy tool
Shrinking a central bank balance sheet removes a price-insensitive buyer from the bond market. The effect is slow, hard to…
Month: July 2026
Every story we have filed in this section, newest first.
Stablecoins: the plumbing everything else in crypto rests on
Most crypto trading is denominated in stablecoins rather than dollars. What backs them, and how quickly that backing can be…
Forex News
AUD/USD: a commodity currency that trades on someone else’s economy
The Australian dollar responds to Chinese industrial demand and global risk appetite more reliably than to Australian data. That makes it a growth proxy first and…
Forex News
USD/CAD: the oil link that works until it doesn’t
The Canadian dollar tracks crude closely enough to tempt traders into treating it as an oil proxy. The relationship breaks at exactly the moments that cost…
Analysis
EUR/GBP: the cleanest way to trade a domestic rates view
Both legs share most of their global risk exposure, so it largely cancels out. What is left is the policy gap between two neighbouring central banks.