The US dollar has broken lower in places, but will the move have legs or just prove the latest red herring for trend followers? USDJPY bears at least have some fresh support from the reversal in US treasury yields. The weak USD – is this the beginning of a breakdown? It is too early to […]
John Hardy
The Fed and politics: does the Powell Fed want to avoid Trump?Fed Chair Jay Powell made it clear on Friday that the Fed is ready to begin cutting rates. In his speech at an annual Fed gathering in Jackson Hole, Wyoming, Powell stated that “The time has come for policy to adjust. The direction of […]











