Ashraf Laidi

by Adam Button The combination of FOMC members' insistence on a September taper with surging COVID cases/deaths in the US is too much to take for indices. Add to it a round of weak Chinese data and it...

by Adam Button As the situation in Afghanistan accelerated yesterday from chaos to outright mass danger to human lives, focus turned to US President Joseph Biden's speech on the situation. But for...

Friday's release of the US July NFP and unemployment rate numbers is expected to show the third straight gain in the former and a decline in the latter. But there are two other crucial considerations...

Just as falling bond yields were becoming the path of least resistance, we got an upside surprise in the services ISM and hawkish comments from Fed vice chair Clarida combo. The pre-FOMC Premium trade...

by Adam Button We said on Monday here this would be a pivotal week and it certainly proved to be so. The US dollar steadily sold off on Thursday and was the worst performer; we will have a look at...

by Adam Button "I think we're a ways away from having had substantial further progress toward the maximum employment goal". This was the most decisive sentence from yesterday's Fed press...

by Adam Button The Fed blackout period was a reminder the central bank could be its own worst enemy—something it may have wanted to keep in mind ahead of yesterday's FOMC decision. More below.  The...

by Adam Button China's markets resumed their selloff in light of the escalating crackdown on educational tech companies but that's not the only reason to worry. Durable goods orders, consumer...

by Adam Button Before we inform you how how busy the rest of this week will be, it's worth mentioning the positive technical developments in cryptos. Cardano and Bitcoin managed to escape the selling...

by Adam Button A second day of sharp rebound in US treasury yields continued to command the broadening risk-on environment in indices at the expense of JPY and USD. The recovery in bond yields off...