Results for Banxico
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Possible Biden-Putin Summit Resuscitates Animal Spirits

February 21, 2022
Overview: What would it look like if Russia was on the verge of attacking Ukraine?  Cyber-attacks.  Check.  Violation of the cease fire with the separatist regions.  Check.  Almost 2000 such violations were recorded on Saturday alone, according to the Organization for Security and Co-operation in Europe.  Extending the military exercises with Bela…
Possible Biden-Putin Summit Resuscitates Animal Spirits Possible Biden-Putin Summit Resuscitates Animal Spirits Reviewed by Marc Chandler on February 21, 2022 Rating: 5
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Is the US January CPI Anti-Climactic?

February 10, 2022
Overview: Equities in Asia extended their recovery and Europe's Stoxx 600 is up for the fourth consecutive session.  US futures, are, however, trading lower ahead of the January CPI figure.  Benchmark 10-year bond yields are mostly firmer, with the US 10-year hovering around 1.95%.  European yields are 2-4 bp higher, and peripheral-core spread…
Is the US January CPI Anti-Climactic? Is the US January CPI Anti-Climactic? Reviewed by Marc Chandler on February 10, 2022 Rating: 5
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Fed Unleashes Animal Spirits

December 16, 2021
Overview:  The Fed's hawkish pivot came a few weeks before yesterday's FOMC meeting, which confirmed more or less what the market had already largely anticipated. Buy the (dollar) on rumors (of tapering and more aggressive stance on rates) and sell the fact unfolded, and unleashed the risk-appetites which rippled through the capital market…
Fed Unleashes Animal Spirits Fed Unleashes Animal Spirits Reviewed by Marc Chandler on December 16, 2021 Rating: 5
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Markets Look for Direction, Currencies in Narrow Ranges

August 12, 2021
Overview: The global capital markets are subdued today as investors wrestle with the rising virus, the shifting stance of several central banks, and a more tense geopolitical backdrop.  Equity markets are struggling today.  Most of the large bourses in the Asia Pacific region, including Japan, China, Hong Kong, and Taiwan, moved lower, and Europe&…
Markets Look for Direction, Currencies in Narrow Ranges Markets Look for Direction, Currencies in Narrow Ranges Reviewed by Marc Chandler on August 12, 2021 Rating: 5
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Tokyo Escapes Deflation, Leaving the Greenback Trapped between Two Expiring Options against the Yen Tokyo Escapes Deflation, Leaving the Greenback Trapped between Two Expiring Options against the Yen Reviewed by Marc Chandler on June 25, 2021 Rating: 5
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Did the PBOC Signal it is Content with the Yuan's Pullback?

June 24, 2021
Overview:  The US dollar is trading slightly lower against most of the major and emerging market currencies.  The Scandis are leading the major currencies, while the Russian ruble leads the central and eastern European currencies higher.  Emerging market currencies mostly firmer, though the Turkish lira and South African rand are notable exception…
Did the PBOC Signal it is Content with the Yuan's Pullback? Did the PBOC Signal it is Content with the Yuan's Pullback? Reviewed by Marc Chandler on June 24, 2021 Rating: 5
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Don't Believe Sino-American Thaw or Fed's Corporate Bond Divestment is a Policy Signal Don't Believe Sino-American Thaw or Fed's Corporate Bond Divestment is a Policy Signal Reviewed by Marc Chandler on June 03, 2021 Rating: 5
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Softer Yields = Softer Dollar

May 14, 2021
Overview:  The surge in consumer prices reported on Wednesday saw rates jump and the dollar push higher.  Stronger than expected producer prices yesterday, and news of wage increases (average 10%) at Mcdonalds and for 75,000 people Amazon wants to hire, saw rates ease and the dollar's upside momentum stall.  Before the week draws to a close, t…
Softer Yields = Softer Dollar Softer Yields = Softer Dollar Reviewed by Marc Chandler on May 14, 2021 Rating: 5
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Long Lost Bond Vigilantes Sighted, Gives Dollar Fillip

May 13, 2021
Overview: It is as if the bond vigilantes were pushed too far.  US inflation is accelerating more than expected, and it cannot all be attributed to the base effect, and the Federal Reserve, to many investors, is tone-deaf.  With powerful fiscal stimulus, nominal growth above 10%, and the economy re-opening, albeit unevenly, does the monetary accel…
Long Lost Bond Vigilantes Sighted, Gives Dollar Fillip Long Lost Bond Vigilantes Sighted, Gives Dollar Fillip Reviewed by Marc Chandler on May 13, 2021 Rating: 5
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