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Markets Finishing Week on Positive Note

January 18, 2019
Overview:  Sentiment has improved since the volatility last month spooked investors and, perhaps, some policymakers.  Global equities are rallying.  The Shanghai Composite and the Nikkei are at their best levels in almost a month, while the Dow Jones Stoxx 600 is at its best level since early December, gapping above a downtrend in place since late…
Markets Finishing Week on Positive Note Markets Finishing Week on Positive Note Reviewed by Marc Chandler on January 18, 2019 Rating: 5
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Dollar Comes Back After Yesterday's Profit-Taking

November 14, 2018
Overview:  Investors are on pins and needles today.  Oil prices are trying to stabilize after WTI's outsized 7% fall yesterday, its largest in three years.  Global equities are heavier, dragged down by energy, but also larger than expected Q3 contractions in Japan and Germany, and a mixed bag of Chinese data that showed possible stabilization …
Dollar Comes Back After Yesterday's Profit-Taking Dollar Comes Back After Yesterday's Profit-Taking Reviewed by Marc Chandler on November 14, 2018 Rating: 5
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Monday Blues

October 15, 2018
Overview: Despite the pre-weekend gains that lifted the S&P 500 above its 200-day moving average, global equities are moving lower today.  The main news over the weekend included the US renewing its threat to impose more tariffs on China and Saudi Arabia threatening retaliation for any sanctions relating to the disappearance of the journalist …
Monday Blues Monday Blues Reviewed by Marc Chandler on October 15, 2018 Rating: 5
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Dollar Slips, though Emerging Markets Trade Heavily

September 17, 2018
The US dollar is beginning the new week on a soft note, as China threatens not to accept the invitation for trade talks in Washington if the US imposes new tariffs on $200 bln of its goods, which the Wall Street Journal reports could come as early as today.   Meanwhile, the MSCI Emerging Markets Index is giving back half of the 2.5% rally seen in …
Dollar Slips, though Emerging Markets Trade Heavily Dollar Slips, though Emerging Markets Trade Heavily Reviewed by Marc Chandler on September 17, 2018 Rating: 5
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Gains Ahead of the Weekend Lift Dollar's Technical Tone

September 08, 2018
The US dollar rose against the major currencies last week.  The sole exception was the Swedish krona. More than a third of its 1.15% weekly advance was recorded ahead of the weekend in what appeared to be position-squaring ahead of the September 9 election.

The Dollar Index rose 0.25% last week, owing to the pre-weekend gain, and snapped a three-we…
Gains Ahead of the Weekend Lift Dollar's Technical Tone Gains Ahead of the Weekend Lift Dollar's Technical Tone Reviewed by Marc Chandler on September 08, 2018 Rating: 5
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Jump in Hourly Earnings is Key to US Jobs, while Canada adds 40k Full-Time Positions Jump in Hourly Earnings is Key to US Jobs, while Canada adds 40k Full-Time Positions Reviewed by Marc Chandler on September 07, 2018 Rating: 5
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Fragile Calm Weighs on Greenback

September 06, 2018
The global capital markets are calmer today.  This is not preventing the MSCI Emerging Market Index from extending its drop into the seventh consecutive session, but there has been a respite in the sell-off of emerging market currencies, where the Mexican peso, South African rand, Turkish lira, and Indonesian rupiah are modest, modest gains.  At t…
Fragile Calm Weighs on Greenback Fragile Calm Weighs on Greenback Reviewed by Marc Chandler on September 06, 2018 Rating: 5
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Sweden Goes to the Polls September 9

September 05, 2018
The Swedish krona is the weakest of the major currencies so far this year, having lost more than 10% against the US dollar and about 6.6% against the euro.  The main weight arguably was the trajectory of monetary policy.  The Riksbank meets tomorrow, but the repo rate is expected to remain at minus 50 bp and the deposit rate at minus 125 bp.  A ra…
Sweden Goes to the Polls September 9 Sweden Goes to the Polls September 9 Reviewed by Marc Chandler on September 05, 2018 Rating: 5
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Trade Trumps US Jobs and Rising Stress in Spain and Italy is More Important than the PMI Trade Trumps US Jobs and Rising Stress in Spain and Italy is More Important than the PMI Reviewed by Marc Chandler on September 02, 2018 Rating: 5
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Equities, Bonds, and the Dollar Start Week Softer

July 30, 2018
The week's big events lie ahead.  It is seen as the last important week before the dog days of summer when many participants will take holidays.  The BOJ's two-day meeting concludes tomorrow.  Speculation that the BOJ is looking for ways to tweak its program continues to spur a small taper-lite tantrum in Tokyo.  
For the third session with…
Equities, Bonds, and the Dollar Start Week Softer Equities, Bonds, and the Dollar Start Week Softer Reviewed by Marc Chandler on July 30, 2018 Rating: 5
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Dollar Remains Firm as Risk Returns

July 12, 2018
The US dollar rallied yesterday as the escalating trade tensions between the world's top two economies choked off the animal spirits and a marked down in equities and risk assets.  It remains firm today even as risk has come back.  Equities are mostly higher today and bonds lower.  Emerging market currencies, from Turkey to South Africa are fi…
Dollar Remains Firm as Risk Returns Dollar Remains Firm as Risk Returns Reviewed by Marc Chandler on July 12, 2018 Rating: 5
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Euro Remains Soft Ahead of Draghi

April 26, 2018
The euro made a marginal new low early in European turnover and held barely above the spike low on March 1 to $1.2155.  So far, today is the first session since January 11 that the euro has not traded above $1.22. 
The euro stabilized as the European morning progressed, but there seems to be little real buying interest it ahead of Draghi's pres…
Euro Remains Soft Ahead of Draghi Euro Remains Soft Ahead of Draghi Reviewed by Marc Chandler on April 26, 2018 Rating: 5
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Market Struggles for Direction

April 16, 2018
The Syrian strike over the weekend, and the official indication that "mission accomplished" and that was a limited one-off strike has spurred little market reaction.  There is one more loose end, as it were, and that is that the US has indicated it will announce additional sanctions on Russia for its involvement in Syria's chemical w…
Market Struggles for Direction Market Struggles for Direction Reviewed by Marc Chandler on April 16, 2018 Rating: 5
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