Steno Signals #76: The Fed Has Lost Control of Liquidity Trends
It seems like the narrative lags the actual price action. 2024 estimates/outlooks are turning upbeat, while positioning is one way traffic towards...
518 Views
US Rates Nugget: 4 Charts on Why November Data Will Reignite the Hawks
ISM Services jumps to >60 in our models when you adjust for the spreadsheet wizardry of the Institute of Supply Management as the seasonal...
392 Views
Steno Signals #74 – Did King USD Just Break?
The sharp move in USDJPY and other USD pairs towards the end of last week has caught our attention and it arrives on the back of Powell letting go...
561 Views
Macro Regime Indicator: Heavy Long in Cyclical FX
We anticipate consistent QT in both USDs and EURs in the forthcoming month. On a 3-month time frame, and given the assumed conditions, our model...
477 Views
Out of the Box: Central Banks Are Insolvent. How Do We Deal with It?
In our “out of the box” series, we aim at being ahead of the current consensus narrative and think of the next theme that could drive price action...
479 Views