Brexit Overview and Sterling
GBPJPY, H4 The EU summit in Brussels will put the focus firmly on Brexit, although the president of the European Council, Tusk, said yesterday that there are “no grounds for…
Macro Events & News
FX News Today Asian Market Wrap: 10-year Treasury and JGB yields gained 0.2 bp each and are trading at 3.165% and 0142% respectively, but despite broad gains on Asian stock markets,…
Capacity Utilization and Industrial Production
Ahead of the data releases today, this post elaborates on why these indicators matter for the economy and what exactly they show. To begin with, Capacity Utilization refers to how…
Fiscal Deficits, Interest Rates and the US Bond Yield
The US fiscal deficit for the fiscal year 2018 was just reported to have increased to $779 billion, or approximately 4% of GDP for the period. As Reuters notes, the…
Macro Events & News
FX News Today Asian Market Wrap: 10-year Treasury yields are up 1.5 bp at 3.171% and JGB yields rose 1.0 bp to 0.142%. Bond yields are resuming their uptrend as stock…
Correlation Analysis in Forex
Correlation, in a purely statistical sense, examines how close two variables are in having a linear statistical relationship with each other. Correlation is usually measured as a percentage, ranging from…