Results for $NOK
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Setback for the Greenback

October 10, 2019
Overview: Conflicting headlines about US-China trade whipsawed the markets in Asia, but when things settled down, perhaps, like the partial deal that has been hinted, net-net little has changed. Asian equities were mixed, with the Nikkei, China's indices, and HK gaining, while most of the others slipped lower. The 0.9% gain in the S&P 500 …
Setback for the Greenback Setback for the Greenback Reviewed by Marc Chandler on October 10, 2019 Rating: 5
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Investors Looking for New Focus

September 19, 2019
Overview:  Central bank activity is still very much the flavor of the day, but investors are looking for the next focus.  The Bank of Japan and the Swiss National Bank stood pat, while Indonesia cut for the third consecutive time and the Hong Kong Monetary Authority and Saudi Arabia quickly followed the Fed. Brazil cut its Selic rate yesterday by …
Investors Looking for New Focus Investors Looking for New Focus Reviewed by Marc Chandler on September 19, 2019 Rating: 5
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Doves Rule the Roost Except in Oslo

June 20, 2019
Overview:  The prospect of "lower for longer" continues to fuel the bond and stock rally.  The initial US equity response to the Fed was positive but not strong and closed about 0.3% higher.  Asia Pacific equities followed suit with mostly modest gains, except for China and Hong Kong, where gains of more than 1% were recorded.  Hong Kong…
Doves Rule the Roost Except in Oslo Doves Rule the Roost Except in Oslo Reviewed by Marc Chandler on June 20, 2019 Rating: 5
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Greenback Starts New Week Decidedly Mixed, with Brexit Anxiety Weighing on Sterling Greenback Starts New Week Decidedly Mixed, with Brexit Anxiety Weighing on Sterling Reviewed by Marc Chandler on March 11, 2019 Rating: 5
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Dollar Starts New Week on Firm Note

February 11, 2019
Overview:  Lifted by the re-opening of Chinese markets after the week-long Lunar New Year holiday, global equities are trading firmer.  Outside of Japanese markets that were closed, the large markets in Asia--China, Taiwan, South Korea, and Hong Kong advanced.  European bourses are following suit, and the Dow Jones Stoxx 600 is up more than three-…
Dollar Starts New Week on Firm Note Dollar Starts New Week on Firm Note Reviewed by Marc Chandler on February 11, 2019 Rating: 5
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Europe Moves to the Center Ring

January 12, 2019
In recent weeks, the macro story focused on the shifting outlook for Fed policy and the Sino-American trade relationship.  There is unlikely to be further progress on either issue in the week ahead.  The Fed won't raise interest rates until toward the middle of the year at the earliest.  The government shutdown will limit new readings on the …
Europe Moves to the Center Ring Europe Moves to the Center Ring Reviewed by Marc Chandler on January 12, 2019 Rating: 5
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Purchasing Power Parity Shifts in 2018

December 19, 2018
Nearly every investment strategy seems to fall in one of three buckets.   There is trend-following--go with the underlying direction of prices--and its opposite, mean reversion, look for the trend to be reversed.  Lastly, there are arbitrage strategies.  We would put carry trades, where a low yielding currency is borrowed to finance the purchase …
Purchasing Power Parity Shifts in 2018 Purchasing Power Parity Shifts in 2018 Reviewed by Marc Chandler on December 19, 2018 Rating: 5
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Movement but Little Change

September 20, 2018
Norges Bank:  As widely expected, Norway hiked rate for the first time since 2011.  Paradoxically, it was seen as a dovish hike.  The rate path was lower than many expected.  The next hike is seen in Q1 2019.   The krone was sold, and it is the only major currency that is not gaining against the US dollar today.    With the dollar near NOK8.21, th…
Movement but Little Change Movement but Little Change Reviewed by Marc Chandler on September 20, 2018 Rating: 5
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Dollar Pullbacks Remain Shallow as Rate Differentials Widen

September 16, 2018
The trajectory of monetary policy in the  US and Europe has been fairly clear.  There is practically no doubt that the Fed will hike rates on September 26.  Despite softer than expected PPI and CPI figures, the market has become more confident of another move in December.   The Federal Reserve's balance sheet unwind reaches its maximum velocit…
Dollar Pullbacks Remain Shallow as Rate Differentials Widen  Dollar Pullbacks Remain Shallow as Rate Differentials Widen Reviewed by Marc Chandler on September 16, 2018 Rating: 5
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