Markets, explained without the hype. Independent coverage of crypto, currencies and global markets.
Section
Gold, oil, bonds, inflation and the economic releases that set the tone across every asset class — background and context for readers following global markets.
6 articles
The 10-year government bond yield sits underneath the price of shares, gold, currencies and mortgages. Here is what a yield is, why it moves inversely to price, and what it signals.
A CPI release can move currencies, bonds and equities within seconds. Here is what the number contains, why core matters more than headline, and why the surprise beats the level.
Oil prices are set by a small number of forces that are unusually easy to name: OPEC policy, US shale economics, demand growth, inventories and geopolitical risk. Here is how each works.
An economic calendar lists what is coming and what is expected. The number that matters is the gap between forecast and actual — and the releases worth your attention are fewer than you think.
A 20% move defines the label, but the definition is arbitrary and backward-looking. What actually matters is what drives each phase, how long they last, and how badly people behave in them.
Gold pays no income, so its price is set by the cost of holding it rather than by cash flows. That single fact explains most of its behaviour — including when the inflation hedge story fails.
