Chart of the Week : Chicago Fed National Activity Index
The broadest indicator of the US economy confirms that a recession is unlikely this year.
COT: Dollar bought, JPY sold ahead of virus focus
Commitments of Traders report covering speculative positions and changes in FX, bonds and stocks in the week to January 21
FX Update: Coronavirus dominates attention across markets
The corona virus outbreak is dominating market attention, and rightfully so, although the forex market remains sluggish in pricing in the kind of risk off we are seeing across asset markets, a move that has so far proven rather orderly, given the unknowns and potential nonlinearities of the situation. We urge caution here and highlight the risk of volatility expansion.