US Regional Data, Confidence, Key Released in Week Ahead

The May 25 week in the US starts off with the Memorial Day holiday, but it quickly speeds up from there. Regional conditions data for May are the highlight of the week, with reports from the Philadelphia, Dallas, Richmond and Kansas City Federal Reserve banks and the Chicago PMI on tap ahead of the ISM […]
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Nolens Named Head of BIS Innovation Lab Hong Kong

The Bank for International Settlements (BIS) has announced the appointment of Bénédicte Noella Nolens as head of the BIS Innovation Hub Centre in Hong Kong SAR for a three-year term from 1 July 2020. The Innovation Hub, established in 2019, aims to identify and develop in-depth insights into critical trends in technology affecting central banking; develop public goods in […]
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White House Watch: An Inconsequential Virus Obituary

With by one count 93,382 deaths blamed on the corona virus through Wednesday, each one a life-altering tragedy for a family, there is hardly any point chronicling the death of an inanimate process which few could care about or should. Yet the passing of the early morning ritual of getting the jobs report, the Consumer […]
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WHW: ‘My Decision to Make’ – The New Virus Anthem

A few loose ends remain but this whole virus thing is about to be wrapped up, with all the states reopening to some degree, so far no virus rebound evident and a vaccine candidate or two coming along fine. Once that vaccine is nailed down and a few hundred million doses administered, back to revving […]
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CLS, SGX Report April Activity

CLS Group says the average daily traded volume (ADV) submitted to it was $1.55 trillion in April, down 29.4% from March. This represents the lowest reported ADV by CLS since December 2017. FX swap volume was $1.085 trillion per day in April, a 20.1 drop from March and down 5.4% year-on-year. Outright forward activity was […]
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White House Watch: Fighters, Haters and Unsung Heroes

There is a basic problem in news coverage of the pandemic, the fact that the virus culture wars are much more interesting than the fight against the virus itself. When President Trump calls an answer from NIH’s Tony Fauci “unacceptable” as he did Wednesday, the president’s fans are cheering how he shows the know-it-alls – […]
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WHW: One Word Said It All – ‘Inevitable’

The testimonies of Dr Tony Fauci, Robert Redfield, Stephan Hahn and Brett Giroir Tuesday seemed to many, perhaps even a lot of investors and traders, like something new when in fact there was not only nothing new, but what was there was way too late. The testimonies, if anything, just demonstrated again it’s not the […]
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White House Watch: Amid the Testing Haze, a Breakthrough

It has been a little more than two weeks since there has been a US Corona Virus Task Force briefing and Monday’s substitute, a presidential briefing, was intended to illustrate vast progress made in making virus testing widely available. The Rose Garden even had added to the background two large banners, proclaiming ‘America Leads the […]
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Hot or Cold War, Or Peace for Our Time?

We all know the big things in our lives that are changing because of the new consciousness of health risks and the sense of shared responsibility we feel for those around us, particularly the seniors, but there are less obvious and more subtle threats we have to deal with these days – like war with […]
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WHW: Happy Ending, Unhappy Ending, or no Ending?

Amid all the bad virus news there are a few nuggets of good news. How much good news could there be when another 2,000 or more Americans are killed by the virus every day? One set of projections see that increasing to 3,000 a day by the end of the month. It’s true that the […]
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