None of the three major central banks that had monetary policy meetings this week – including the Fed, the BoE and the BoJ – changed their monetary policy approach, although central banks in Switzerland, Sweden and Norway all eased. Markets remain slightly on edge because of the growing Middle East conflict.

Markets continued to stabilise this week, at least as far as risk assets including global equities and BTC. Other assets moved sideways.

The week started and ended poorly for US stocks, delivering losses for the week. European stocks have been the best performers YtD.

Silicon Valley Bank went from fine to dead in less than 48 hours. Why and how? Could it have been prevented? What now?

The Federal Reserve is in the early stages of reducing its balance sheet, or quantitative tightening ("QT").

FOREX is in the news, especially as many think the USD has reached its peak and is at an inflection point. What drives FOREX? Read on.

The decade 2010-20 involved a very hands-on approach by the Fed to steer the US economy out of a deep recession. What lessons can be learnt

It is fashionable to espouse the end of the US dollar as the leading global reserve currency, but this will not occur anytime soon.

The bond market looks to be doing the Fed's dirty work, sending short term yields to post-pandemic highs. Is the Fed being too methodical?