Rising Liquidity brings odd adjectives

Sterling “collapses”; Fifty ticks lower I had a meeting yesterday morning where I didn’t have access to any market news or rates. When I returned the...

Tapering, Rate Hikes and Red Herrings

Where does Monetary Policy end and Manipulation Start Yesterday I wrote about Central Bank credibility and the fact that as economic activity grows so will...

Is the Euro working?

Italy’s populist Government confirms membership Giuseppe Conte, the new Italian Prime Minister outlined his proposals for the country yesterday in what was a high-level speech...

Marriage? We barely know each other!

Market expressions born from reality Over the years, the FX market has spawned several expressions (not all of which are printable) which in realty sum...

Algos refuse to get excited

Market evolving as drivers change The FX market is still dominated by the release of the U.S. employment report usually on the first Friday of...

Correlation; Everyone’s friend, until it isn’t!

Brains yes, degree no! Ever since the banks decided in the late eighties that they needed to increase the “brain-power” of their trading rooms the...

The man with the wrong Title

Pride comes before a fall In a previous incarnation, I was managing a 24-hour dealing operation for a bank in London at the time when...

Second Quarter living up to its billing

The “money making” Quarter When I worked in banks, the second quarter was always considered to be the “money making quarter”. In Q1, the start...

A proper market!

Speculation over euro liquidity fades It is the nature of the financial markets that they are populated by people with opinions. That is, as they...

Will Poland’s Central Bank Buy Corporate Debt and Equity???

It is worth considering seriously enabling the Polish National Bank (NBP) to use non-standard instruments, such as purchasing corporate bonds, and also - the...

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