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Spectra Markets publishes independent, must-read global macro analysis every day. Our flagship is am/FX, the macro daily read by both traders and global markets professionals.

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Trader. Thinker. Writer.

Spectra Markets founder Brent Donnelly mines a broad network of hedge fund, real money, central bank, and trading professionals to formulate his unique insights into global markets and macroeconomics.

am/FX Highlights

Selected free issues of am/FX

The South Park Jinx

Not a bad time to lighten up on GLP-1 exposure. It’s all priced in. Also: Watch JGBs.

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CAD v. WTI: Divortium

Commodity currencies have divorced from commodity prices as the transmission mechanisms that used to drive correlation have abated. This has implications for FX trading and Canadian inflation.

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Is this a currency crisis?

When a headline asks a question, the answer is usually no. The financial media is touting a “Japanese currency crisis”, memes are going viral, and The Economist is chirping in on why the MOF is doomed to fail. At the risk of staying wronger for longer, this could be the final innings of the yen trilemma debacle.

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