Olivier Desbarres·Jan 25, 2022United Kingdom: Inflation without benefitsConsumer demand in the United Kingdom remains modest, which we attribute to a combination of factors. These include still curtailed…
Olivier Desbarres·Jan 21, 2022Light at the end of long Eurozone tunnel?The number of new daily cases of Covid-19 has remained at or near record-highs in most Eurozone countries, including Germany, France, Italy…
Olivier Desbarres·Nov 18, 2021FX round-up — Calm before the next stormThe spike in US Treasury yield volatility last week, following the release of gangbuster US CPI-inflation data for October, partly fed…
Olivier Desbarres·Oct 1, 2021Sterling — Fuel for thoughtI will be speaking on the “Fixed Income and FX” panel at the (virtual) Global Independent Research Conference on 13th October at 12.30 (UK…
Olivier Desbarres·Sep 22, 2021Macro data dog not wagging FX market tailUS macro data, including measures of US inflation, non-farm employment, retail sales, manufacturing output, ISM PMIs and consumer…
Olivier Desbarres·Aug 12, 2021Low global FX vol: maturity or complacency?Global FX volatility — as measured by the 5-day Standard Deviation (SD) in the daily percentage change in the spot (closing) price of a…
Olivier Desbarres·Aug 6, 2021FX Focus: USD, GBP, NZD and THBUS Treasury yields and the Dollar, perhaps unsurprisingly, have risen in the wake of today’s strong US labour market report.
Olivier Desbarres·Jul 23, 2021Not “risk-on” or “risk-off”, rather What’s the risk?In the past fortnight US Treasury yields across the maturity spectrum have oscillated in reasonably wide ranges, with the highs coinciding…
Olivier Desbarres·Jul 16, 2021Sterling’s coming home…albeit slowlyDespite buoyant domestic expectations (or at least hope) football will not be coming home after the England football team lost on penalties…
Olivier Desbarres·Jun 29, 2021Sterling leads Euro 1–0 at half-time in dull encounter but could extend advantageWith England due to play Germany in the last-16 round of the Euro Championships in a few hours time, now is a good time to revisit the…
