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The soil you can’t stand on, the wave you can’t swim through; the hot and cold in one body, the war of each against all! (Ovid, Metamorphoses I, Invocation and First Narrative Stanza)
Let’s wrap up Ovid’s first narrative stanza on primordial Chaos. After the epic invocation, the call back to the very beginning of the world and the naming of Chaos as the first face of the universe (1, 2), and the mythological allusions to the elemental forces and the elder gods that hadn’t yet taken form, […]
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ECB Decision Preview
The ECB policy decision is out on Thursday and highlights the calendar. Heading into the decision, the expectation is for no change to the main refinancing rate, but for an increase its asset purchases, and an extension of the Pandemic Emergency Purchase Program. Audio update
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Will an active Thursday calendar inspire volatility?
It’s an active economic calendar on Thursday and we’ll see if any of it inspires meaningful volatility. We come into Thursday after yet another round of broad based US Dollar outflow and demand for stocks. Some of the notable standouts on today’s calendar include the ECB policy decision and US initial jobless claims. Audio update […]
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Daily FX Market Commentary
Good morning, LMAX Close USDJPY 108.904 | EURUSD 1.12336 | AUDUSD 0.69218 | NZDUSD 0.6433 | USDCAD 1.3495 | USDCHF 0.96118 | GBPUSD 1.25754 | LMAX Highs and Lows 0500 GMT Highs | Lows EURUSD 1.12387 | 1.12114 USDJPY 109.057 | 108.805 GBPUSD 1.25830 | 1.25294 USDCHF 0.96225 | 0.96101 AUDUSD 0.69323 | […]
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OUT OF STATE
Reading: Jesse Walker (2020-06-01) @ Reason.com . . . St. Paul Mayor Melvin Carter claimed Saturday morning that “every single person” arrested in his city the night before had been from out of state. Minnesota Gov. Tim Walz reiterated the idea that the troublemakers were outsiders: His “best estimate,” he said, was that “about 80 percent” of […]