The Banxico differential versus the Fed funds rate is 3.7%. That’s some 100bp below the 15yr average. The all-time low was 2.9%, back in...

Canadian pension funds’ overall FX hedge ratio is low in levels terms, and also relative to peers ( Hedge ratios were at the bottom of...

Data from G10FX returns vs USD, volatility, rates and macro indicators stand as of June 2025 close to represent 1H drivers. This post...

**As seen in Online Tools > Risk Map , get full access now! cablefxm.co.uk Main macroeconomic catalysts ahead: U.K. Inflation Rate: The...

The SNB will be forced to take rates negative again when it next meets for a policy decision in September. Some think that a hot...

IMM data shows that net aggregate USD shorts are in excess of 1-sigma below historical norms, and anecdotally, investors are concerned...

**As seen in Online Tools > Factors, get full access now! cablefxm.co.uk The last month of 2Q is in the books, and we're officially set...

The long-term downtrend seen for the last fifteen years was finally breached earlier in the year as prospects for the euro area were...

The chart below illustrates the volatility structures for the euro (green) and the yen (blue). The curves are now projecting divergent...

Crude-oil prices have exhibited heightened volatility in recent months. Brent and WTI had previously priced in 20% geopolitical risk...

With talk of Mr. Ishiba’s resignation likely to emerge, the market’s attention shifts to the question of who the next prime minister will...

According to market-implied probabilities, there is a strong chance that the Fed will maintain rates at 4.25%–4.50%. The CME FedWatch...

We recently saw a historic performance in EUR/USD, one that even central bankers from the ECB were vocal. The move is coinciding with a...

The S&P 500 surged in June, climbing 3% and closing at 6,141.02 on June 26, just shy of its all-time high of 6,147.43 set in February....

**As seen in Online Tolls > Non Farm Payrolls dashboard, get full access now! cablefxm.co.uk Here's an update on the latest economic...

** AS SEEN IN RISK IN THE WEEK REPORT 06/20/25, GET FULL ACCESS NOW! Banco de Mexico lowered the benchmark interest rate by 50 basis...

I'm borrowing data from a Bloomberg columnist as he arranged the table below showing CBOE's VIX statistics across Dem and Rep...

The dollar rebound seen in recent sessions may raise the argument that the USD's safe haven attributes are back in play. However, this is...

What is causing the delay in goods inflation? There are several reasons why we should not expect immediate price increases. Exporters,...

We expect Banxico to cut the policy rate by 50bps to 8.00% at the June 26 meeting given a weak economy, negative output gap and a strong...