Archived IMT (2008.10.08)
GLOBAL CENTRAL BANK RATE CUTS. Federal Reserve, European Central Bank, Bank of England, Bank of Canada and Swiss National Bank cut their overnight rate by 50 bps. Central banks were forced to finally ease rates after globalo equity markets had opened the day in extremely negative territory; Nikkei was down 10% (biggest single day decline since 1987), Russia's Micex shut until October 10th. YEN CROSSES Have rallied but are already losing those gains, with USDJPY already testing below 101 yen towards 100 yen. Liquidity remains dry in currency and credit markets. Gold rallies to $915 per ounce.
Election Anxiety, Virus Reality
by Adam Button | Sep 25, 2020 19:15
USD Deleveraging & Tech Applications
by Adam Button | Sep 23, 2020 18:16
The Moment of Truth?
by Adam Button | Sep 21, 2020 23:15
FX Shrugs, Indices Shaken
by Adam Button | Sep 18, 2020 18:53
Fed's 2023 Special, BoE Thinks Negative
by Adam Button | Sep 17, 2020 14:04