5 Things We Watch – Manufacturing, Natural Gas, JOLTS, BoJ & China
Happy Wednesday, and welcome back to our 5 Things We Watch, where we as always run through 5 interesting topics in global macro relevant for the...
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BOJ's Looser for Longer Stance Risks Pushing Yen To 155/USD
JPY dropped past ¥150/USD yday before rebounding sharply. The speed prompted uncertainty as to whether authorities had intervened. Traders said...
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FX Watch: The World Needs a Riyadh Accord More than a Plaza Accord 2.0
“I’ve said on many occasions that I think a market-determined value for the dollar is in America’s interest. And I continue to feel that way.”...
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Steno Signals #67 – 150bps Higher 10yr Yields and Parity up Next in EURUSD?
There are good reasons to chant “Europe, Europe, Europe” on the golf course, but not in financial markets as Europe is once again tested by...
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Steno Signals #66: Buckle up for the energy crisis 2.0
Is there another major energy crisis in the making and how does it differ from the crisis in 2021/2022? We have long held the view that the...
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