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The Yen is Beaten Down after BOJ Stands Pat

June 17, 2022
Overview:  The large bourses in the Asia Pacific fell today after sharp losses in the US yesterday. China and Hong Kong were exception, posting more than 1% gains. The mainland markets closed higher on the week. Europe’s Stoxx 600 made a new low for the year before recovering. It is up a little more than 1% around midday. US futures are around 0.7…
The Yen is Beaten Down after BOJ Stands Pat The Yen is Beaten Down after BOJ Stands Pat Reviewed by Marc Chandler on June 17, 2022 Rating: 5
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Aggressive Tightening Sees Risk Appetites Evaporate

June 16, 2022
Overview: It might not have seemed that way in the cloud of hours following the FOMC conclusion, but risk appetites are taking the day off. Asia Pacific equites were mixed, but Europe’s Stoxx 600 is off nearly 2% to completely give back yesterday’s gains, which were the first in seven sessions. US futures are off 2-3%. Benchmark 10-year yields hav…
Aggressive Tightening Sees Risk Appetites Evaporate Aggressive Tightening Sees Risk Appetites Evaporate Reviewed by Marc Chandler on June 16, 2022 Rating: 5
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Is a 0.3% Miss on Headline CPI Really Worth a 77 bp Rise in the December Fed Funds Yield? Is a 0.3% Miss on Headline CPI Really Worth a 77 bp Rise in the December Fed Funds Yield? Reviewed by Marc Chandler on June 15, 2022 Rating: 5
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Dollar Gains Pared

June 02, 2022
Overview: Asia Pacific equities were mostly lower.  China and India bucked the trend.  Europe’s Stoxx 600 is steady with no follow through selling after yesterday reversal. US index futures are posting modest gains and are trying to snap a two-day drop.  The US 10-year yield is firm at 2.91%, while European benchmark rates are 2-3 bp higher.  Asia…
Dollar Gains Pared Dollar Gains Pared Reviewed by Marc Chandler on June 02, 2022 Rating: 5
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Bank of Canada's Turn

June 01, 2022
Overview: The recent equity rally is stalling. Asia Pacific equities were mixed, with Japan, South Korea, and Australia, among the major bourses posting gains. Europe’s Dow Jones Stoxx 500 is slipping lower for the second consecutive session, ending a four-day bounce. US equity futures are little changed. The US 10-year yield is edging higher at 2…
Bank of Canada's Turn Bank of Canada's Turn Reviewed by Marc Chandler on June 01, 2022 Rating: 5
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The Dollar Regains its Footing after Yesterday's Drubbing

May 05, 2022
Overview:  The markets have not sustained the powerful reaction seen yesterday after the Fed hike.  Japan and South Korean markets were closed, but many bourses including Taiwan, Australia, and India rose.  Europe's Stoxx 600 rallied more than 1% and closed the gap created by Monday's sharply lower opening.  US futures are 0.5%-0.7% lower.…
The Dollar Regains its Footing after Yesterday's Drubbing The Dollar Regains its Footing after Yesterday's Drubbing Reviewed by Marc Chandler on May 05, 2022 Rating: 5
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Euro and Sterling Slumps Extended

April 27, 2022
Overview: Russia's decision to cut gas supplies to Poland and Bulgaria and the sharp sell-off in US equities yesterday casts a pall over the markets today.  But not the dollar. The euro punched through $1.06 for the first time in five years and the greenback turned higher against the yen after falling to a seven-day low.  The major bourses in …
Euro and Sterling Slumps Extended Euro and Sterling Slumps Extended Reviewed by Marc Chandler on April 27, 2022 Rating: 5
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