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    1. September 11, 2015

      Foreign exchange drifts downwards as central banks hold fire

      Central banks played a straight bat in their policy meetings and with one notable exception kept rates unchanged as...

    2. July 24, 2015

      Fed and BoE roar ahead of rate race rivals

      Central banks are starting to resemble Formula One drivers of current vintage — two of them well out in front,...

    1. FT Alphaville

      July 23, 2015

      With petrodollars also go global reserves

      US energy independence alongside labour re-shoring is contracting the global pool of petro and sweatdollars and with it...

    2. June 29, 2015

      Stocks dented by deepening Greek crisis

      Monday 21:00 BST. The latest twists and turns of Greece’s bailout drama pulled the rug from under European and US...

    3. June 9, 2015

      Animal spirits batter the currency market

      Animal spirits are patrolling the forex kingdom. The question is: what creature does the currency market most resemble...

    4. June 4, 2015

      Euro takes rollercoaster ride as bond yields yoyo

      A rollercoaster Thursday in the eurodollar market sent traders scurrying for cover, trying to make sense of violent...

    5. May 15, 2015

      Weaker yen rekindles Japanese equity fund inflows

      The Bank of Japan has rejected the idea of an imminent injection of further monetary stimulus into the economy, amid...

    6. May 8, 2015

      Dollar’s correction extends for a third week

      Currency traders cold-shouldered signs of a pick-up in the US economy, underlining that the correction in the dollar...

    7. April 17, 2015

      Dollar given respite after inflation data improves

      Firmer US inflation data and a pick-up in consumer confidence revived the dollar at the end of a week that raised...

    8. March 31, 2015

      Dollar supremacy in forex market affirmed by IMF report

      The dollar’s supremacy in the foreign exchange market was affirmed by official data on Tuesday, showing an increase...

    9. March 13, 2015

      Strong dollar pushes euro nearer parity

      Dollar strength helped push the euro further towards parity and drove sterling towards five-year lows ahead of next...

    10. FT Alphaville

      January 28, 2015

      The Fed, the statement and the Nairu

      Today’s FOMC statement should be about as shocking as the ending of The Sixth Sense. Wait, you were genuinely surprised...

    11. FT Alphaville

      January 6, 2015

      Your new average, 2015 edition

      From Citi’s Steven Englander: That’s the average of G3 10 year yields falling below 1 per cent for the first time on...

    12. September 14, 2014

      Investors await shift in Fed’s rate language

      US bond traders are warily awaiting this week’s meeting of the Federal Reserve as debate intensifies over when the US...

    13. August 8, 2014

      Dollar’s recovery stalled by conflicts

      The dollar fell against major currencies after the US commitment to air strikes in Iraq became the latest geopolitical...

    14. FT Alphaville

      June 27, 2014

      Do private sales affect public prices?

      It’s a tricky question for the Bitcoin community this morning, who just can’t decide. From the Bitcoin reddit: The...

    15. FT Alphaville

      June 24, 2014

      The central bank vol control game

      If this is all getting confusing… Sterling fell on Tuesday after Bank of England governor Mark Carney damped...

    16. FT Alphaville

      June 3, 2014

      Buy some things in May and go where you will

      Here’s your risk adjusted returns for May, from Barclays: Apparently the first May since 2009 that global equity...

    17. March 13, 2014

      Discerning different kinds of risk-off

      There are three themes currently driving currency markets, says Steven Englander, global head of G10 forex strategy at...

    18. FT Alphaville

      January 7, 2014

      Some altcoin memes are more equal than others

      Bitcoin may be many things: a cheaper and more efficient payments mechanism, a decentralised form of QE, an extreme way...

    19. November 27, 2013

      Yen favourite to fund carry trades

      As we have noted many times on these pages, implied volatilities in forex and sovereign bonds are low by historic...

    20. FT Alphaville

      November 7, 2013

      Fed wonk special, now with Q&A

      Some prominent Fed Reserve Board staffers recently put out two weighty papers in advance of the 4th Jacques Polak...

    21. October 24, 2013

      ‘Bad news is good news’ mantra holds firm

      How much is the market dependent on expectations of more central bank stimulus? That’s the subject that continues to...

    22. FT Alphaville

      October 4, 2013

      Hold on, the periphery looks relatively calm?

      A telling chart from Citi’s Steven Englander: His contention is that the euro is “an island of stability in global...

    23. FT Alphaville

      October 1, 2013

      The shutdown and economic data

      From Steven Englander of Citi, a list of US data releases possibly now subject to delay because of the shutdown: And...

    24. FT Alphaville

      June 12, 2013

      Interest rate wars

      That’s the new black according to Citi’s Steven Englander: Since May 1 the median increase in 10-year local bond yields...

    25. FT Alphaville

      May 23, 2013

      Abenomics gets the Alphachat podcast treatment

      David Keohane and Kate “Frenzy” Mackenzie* are joined by Citi FX strategist Steven Englander to discuss all things...

    26. FT Alphaville

      May 8, 2013

      Hopium and Japanese exports

      A surging stock market, increased corporate earnings (check out Toyota) and frothy domestic consumer spending are...

    27. FT Alphaville

      May 3, 2013

      Nowotny on Draghi and negative rates: "purple monkey dishwasher"

      From Reuters: LONDON, May 3 (Reuters) 13.04 – The euro pared gains while German Bund futures edged up on Friday after...

    28. FT Alphaville

      May 2, 2013

      99 Draghi trial balloons [updated]

      (With some header credit due to Mark Dow) He came, he cut, he stuck a load of fingers in the air… The tl;dr version of...

    29. FT Alphaville

      April 3, 2013

      Expectations reconsidered at the BoJ

      Two charts for your morning consideration: What Citi’s Steven Englander says they show is that since 2010 dollar-yen...

    30. FT Alphaville

      March 18, 2013

      Teaching a lesson, lesson learned

      Sometimes German doesn’t translate very well. Citi’s FX guru Steven Englander summarises the divergences between the...

    31. FT Alphaville

      February 21, 2013

      A blinking red light

      That’s Citi’s risk-warning signals beginning to spike over the past couple of weeks and especially over the last day...

    32. FT Alphaville

      January 22, 2013

      The practicalities of the currency wars

      We have Weidmann worrying the currency wars are kicking off again with Japan leading the way and a whole host of others...

    33. December 10, 2012

      Italy’s political uncertainty hits euro

      The euro shrugged off an earlier slump following political uncertainty in Italy as analysts said investors were...

    34. FT Alphaville

      October 11, 2012

      The (early) Lunch Wrap

      Good morning New York… ALPHAVILLE Money as a passion, not a standard: Izzy asks if money and value, much like time, are...

    35. FT Alphaville

      October 10, 2012

      The old are stealing our jobs!

      From Steven Englander at Citi — a little observed factoid regarding employment trends among the older demographic: We...

    36. FT Alphaville

      September 28, 2012

      Coy Chinese elephant reveals ever slimming ankle

      We’ve written about the idea that global FX reserve growth might be creeping back up very recently. However, the...

    37. FT Alphaville

      September 21, 2012

      Reserve managers caught between a euro and a dollar place

      The pace of reserve accumulation may have been slowing over the past few years — although that also reflects  movements...

    38. August 31, 2012

      Greenback fails to claw back earlier losses

      The dollar failed to claw back earlier losses after a keenly awaited speech by Ben Bernanke, Federal Reserve chairman,...

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