Venezuela – Leadership change, oil on focus The United States conducted a targeted raid on Saturday, 3rd January 2026, aimed at apprehending Venezuela’s dictator Nicolas Maduro and transferring him to the United States for prosecution. The operation’s objective was to secure access to the world’s largest oil reserves while sending a strong geopolitical signal globally. […]

Central Banks: BoE, ECB, BoJ – One cut, one hold, one hike Last Thursday, three major central banks delivered policy decisions. The Bank of England cut rates by 25 basis points as widely expected, although the vote split (5-4) was closer than anticipated. This prompted a modest sell-off of front-end rates, with market repricing a […]

United States – Fed Focus Shifts to Labour… and Liquidity Last week, the Federal Reserve delivered a widely expected 25 basis point cut, but markets focused on the clear dovish tone. Terminal rate expectations moved a few basis points lower as the Fed struck a more accommodative stance, explicitly flagging labour market weakness. The more […]