FX Engineer
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Systemic research on retail FX positioning. 1.9M hourly observations. 28 pairs. 12 years. We provide context. Markets decide. https://substack.com/@fxeresearch
02/23/2026
Two stablecoin issuers drive the vast majority of impact on Treasury yields. Hundreds of billions in reserves. Measurable influence on the foundational asset class for global rate differentials.
01/25/2026
Liquidity is abundant in calm markets.
It vanishes precisely when you need it most.
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