By Jeffrey Halley US markets got little solace, but more clarity, from the FOMC minutes overnight; the committee members remained highly focused on culling inflation, even if it was at the expense
By Jeffrey Halley Recession fears buffeted markets overnight, with the price action across various asset classes looking like a self-sustaining negative feedback loop, triggering more stop losses as prices slumped and dragging
By Jeffrey Halley Volatility remains elevated across every asset class, although a US holiday overnight meant a 12-hour break from the noise. The strategy of watching the rooster fight from the sidelines
By Jeffrey Halley US equities struggled for direction overnight, with the S&P 500 and Nasdaq almost unchanged, while the Dow Jones eked out a small gain. The outcome is hardly surprising with
By Jeffrey Halley Readers should stop watching US stock markets for economic wisdom, as the price action overnight confirmed that part of the financial world has as little future insight as anywhere
By Jeffrey Halley The second day of Jerome Powell’s semi-annual testimony on Capitol Hill passed without incident, in contrast to Wednesday’s frenzy. The Fed Chair reiterated an unconditional commitment to fight inflation,
By Jeffrey Halley Federal Reserve Chairman Jerome Powell’s semi-annual testimony on Capitol Hill was the centre of attention overnight. Speaking to Congress on Wednesday, Powell finally dispensed with soft landings, describing them
By Craig Erlam European stock markets are falling heavily again on Wednesday, reminding us once more why we shouldn’t get excited by the bear-market rallies. There’s a desperation to add substance to
By Jeffrey Halley ‘Gone in 60 Seconds’ was a 2000 movie with Nicholas Cage stealing 50 high-end cars in three days. It is actually a remake of my favourite 1974 version, where
By Lukman Otunuga, Senior Research Analyst at FXTM A sense of normalcy seems to be returning to financial markets after the brutal selloff in shares last week. Asian stocks rebounded on Tuesday
