• Warsh’s first test: no easy cuts

    Warsh’s first test: no easy cuts

    Warsh inherits a tough inflation setup. Euro drifts on Gulf stalemate, China in focus. UK assets wobble as Starmer hangs on.

  • (Overblown) optimism?

    (Overblown) optimism?

    Peace deal hopes denting dollar support. Buoyed by external forces, tested by local politics. Relief rally, limited upside.

  • Under threat

    Under threat

    Escalation flare‑Up, downside bias builds. Oil risk, Yen intervention, and April’s risk rally. Upside stalls as local elections loom.

  • It’s Fed day.

    It’s Fed day.

    Iran, OPEC, AI and the Fed: everything in play. Supported but still lacking conviction. BoE hawkishness felt more keenly.

  • Risk sentiment bruised, not broken

    Risk sentiment bruised, not broken

    Markets price containment as carry quietly returns. Elevated energy, fragile euro sentiment. Hawkish bias, real carry appeal.

  • A new phase, same conflict

    A new phase, same conflict

    On track to snap 3-week losing streak. Facing economic headwinds. Sterling steady, conviction still missing.