The Bigger Picture
The Bigger Picture
A broader view of the economic forces shaping currencies and markets.
18 Oct 2026The AI Boom Is Showing Up in Asian Trade Data. What Does That Mean for FX?Taiwan's record exports and China's accelerating shipments show how AI demand is reshaping trade — but stronger exports don't automatically mean a stronger currency.6 Oct 2026What Can the ECB Actually Do About French Bond Spreads?France's bond spreads are at crisis-era levels. The ECB has tools — but a fiscal constraint sits at the heart of every one of them.8 Sep 2026The Yen Is Finally Strengthening. But Can It Last?After years of Yen weakness, the market is finally repricing Japan. But is this a new currency regime — or a carry trade unwind?11 Aug 2026The US Debt Crisis. Why Should FX Traders Care?The debt number is the headline. The financing cost is the signal.