Latest posts
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Central banks: what a policy statement actually tells you, line by line
The rate decision is rarely the news. The market trades the changed adjectives, the vote split and the projections — in that order.
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Bond yields are the FX market’s nervous system: a practical guide
If you trade currencies without watching the curve, you are reacting to moves that were already visible somewhere else twenty minutes earlier.
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S&P 500 and the dollar: what the equity tape tells currency traders
The equity index is not a currency driver, but it is an excellent real-time indicator of which regime the FX market is trading in.
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Why inflation data moves currencies less than the reaction function does
A hot inflation print is only bullish for a currency if the market believes the central bank will respond to it. Half of macro trading is judging that willingness.