How the ECB and the Fed Differ in Moving Markets
The Fed has a dual mandate for one economy; the ECB targets price stability for many countries with separate bond markets. How the difference shows in markets.
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OTCN editorial market coverage.
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How Government Shutdowns and Debt Ceiling Fights Have Affected Markets
US debt ceiling standoffs and credit downgrades have caused sharp but usually short sell-offs. What happened in 2011, 2023 and 2025, and why Treasuries rallied.
How China’s Policy Moves Ripple Into Commodities and the Australian Dollar
China buys about 70% of seaborne iron ore and over half of the world's copper, so its stimulus moves metals and the Australian dollar. How the links work.
What Happens to Currencies When a Central Bank Pivots
When a central bank shifts direction, its currency often moves sharply. How pivots change rate gaps, with examples from the yen in 2022 and 2024 and the dollar.
What Markets Listen for in a Central Bank Meeting
Markets react less to the rate decision than to the surprise, the projections and the press conference. What to watch in a central bank meeting and why.
Why Central Bank Independence Matters to Markets
Markets trust independent central banks to fight inflation even when it hurts. What the 1970s showed about political pressure and why credibility matters.
Why the Bank of Japan Ended Yield Curve Control
From 2016 to 2024 the Bank of Japan capped 10-year yields near zero. Why it introduced yield curve control, how it loosened it and why it ended in March 2024.
What 1970s Inflation Teaches Today’s Markets
In the 1970s US inflation peaked at 14.8%, stocks and bonds lost money in real terms and only a 20% rate broke it. The timeline and the lessons for investors.