Frantisek Taborsky's Comment & Analysis
A complete archive of Frantisek Taborsky's articles, including current analysis & comment.
EUR/USD is drifting lower as the market mulls the whole host of inputs currently in play. The one-month EUR/USD risk reversal, marking the cost of a euro call option over an equivalent put option, is...
The pound and gilts have found some respite after a substantial – albeit orderly – selloff. The UK Treasury’s pledge to stick to fiscal rules means more potential pain for the sterling down the road,...
The US market reopens post-Thanksgiving with limited activity expected. The DXY strengthened slightly, correcting Wednesday’s sell-off.
The Brazilian real hit an all-time low due to disappointing...
If anyone was expecting the US election result and UK budget to significantly impact the Fed and BoE policy message, they were let down by two consensus 25bp cuts and rather balanced guidance. In FX,...
USD: Stronger after EU central bank events
Central bank events in Europe gave the dollar some support yesterday. The surprise rate cut by the Swiss National Bank and a dovish hold by the Bank of...
USD: Minutes boost may not last
The 1 May FOMC minutes, released yesterday, surprised on the hawkish side and bolstered the dollar. While the general view was that policy was “well...
January CPI data in Japan confirmed inflation remains above the Bank of Japan's 2.0% target. The yen “survived” the release, but remains around very weak levels and in FX intervention...
The Nvidia (NASDAQ:NVDA) led equity rally may now have to face the reality of higher rates, and we suspect high-beta currencies are at risk of corrections. Today, the focus will remain on Germany's...
Today sees one of the key event risks of the week – the annual US CPI benchmarks revisions. The Fed’s current position is that it is looking for confidence in the disinflation process....
The focus in FX markets today is on whether US employment continues on its benign downward path and represents the economy coming into ‘better balance’. Of interest will be whether...