FX Volatility Crashes As Traders Unwind "Existential Euro" Hedges

Heading into today's vote, FX options markets had seen massive demand for downside protection against a result that threatened the euro's existence. That didn't happen and so those hedges are being unwound en masse with the biggest drop in EURUSD implied vols in history...

Outrage After At Least 5 EU Nations Elect Saudi Arabia On UN Women's Rights Council

“Saudi discrimination against women is gross and systematic in law and in practice. Every Saudi woman must have a male guardian who makes all critical decisions on her behalf, controlling a woman’s life from her birth until death. Saudi Arabia bans women from driving cars,” he continued. “Why did the UN choose the world’s leading promoter of gender inequality to sit on its gender equality commission?”

Seven Charts For Bullish Investors To Ignore

Wall Street still exudes widespread optimism that 2017 will provide another year of solid gains for stocks amid stable albeit unspectacular economic growth and only gentle interest rate rises. However, as The FT details, all is not well in reality, and the following seven charts will hearten investors of a more bearish persuasion...

Key Highlights From Trump's AP Interview

Following market moving interview with the FT and especially the WSJ, on Sunday the Associated Press released the full transcript from its interview with President Trump. Below, we point out some of the market-moving highlights.

Confronting Russophobia

There is a paranoid, hysterical quality to the public discourse on Russia and all things Russian in today’s America.  The corporate media machine and its Deep State handlers have abdicated reason and common decency in favor of raw hate and fear-mongering.  We have not seen anything like it before, even in the darkest days of the Cold War.

Trump To Hold Top Level Briefing On North Korea Following US Citizen Arrest

White House said in an advance schedule that on April 26 it will hold a briefing for senators with its “four principals” on North Korea "as the administration considers its options for dealing with saber-rattling from Pyongyang" according to Bloomberg. Among those present will be Secretary of State Rex Tillerson, Defense Secretary Jim Mattis, Director of National Intelligence Dan Coats and Joseph Dunford, chairman of the Joint Chiefs of Staff.

Visualizing The Evolution Of The American Economy Over The Past 50 Years

If you’re curious about the story of modern humanity, you’ll find few things more fascinating than the shapeshifting ways of our markets and industries, over many years and decades. These shifts reflect our whole society, our inspiration, our impulses, and our shortcomings.

EURUSD Spikes To 5-Month Highs After Early French Results

With projections all confirming Le Pen and Macron into the second round (though varying notably on who is leading), the markets appear comforted by Macron's position as EURUSD has spike almost 100 pips breaking above 1.09 to 5-month highs...

Bookies See Almost 90% Chance Of Macron Becoming French President

As results begin to trickle in (with pollsters showing Macron leading and official French Interior Ministry showing a Le Pen lead), betting odds ( according to Betfair) are now giving Macron comfortably over 80% chance of becoming France’s next President.