Institutional allocators are pivoting towards private credit and non-bank lending facilities to secure floating-rate yield and strong covenant protections.
Why a rate decision rarely moves a currency alone: surprises, forward guidance and carry trades, with two cases, the ECB in 2015 and the Bank of Japan in 2024\.
How the three main forex trading costs work, with worked examples: when a raw-spread account beats a commission-free one, and why a swap can outweigh the spread on longer trades.