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Hard to Be Sterling

September 29, 2021
Overview: Energy prices pulled back late yesterday, but it offered little reprieve to the bond market where the 10-year benchmark yields in the US, UK, Sweden, and Switzerland reached new three-month highs.  November WTI traded to almost $76.70 before reversing lower and leaving a potentially bearish shooting star candlestick in its wake.  The US …
Hard to Be Sterling Hard to Be Sterling Reviewed by Marc Chandler on September 29, 2021 Rating: 5
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The Fifth Horseman of the Apocalypse

September 10, 2021
To say we live in difficult times is not to belabor the obvious or be trite.  The four horsemen of our apocalypse are well known.  The pandemic is still with us in a profound way, and many developing countries do not have access to sufficient vaccines to inoculate a significant part of their population.  They may not until next year.  Meanwhile, t…
The Fifth Horseman of the Apocalypse The Fifth Horseman of the Apocalypse Reviewed by Marc Chandler on September 10, 2021 Rating: 5
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Little Follow-Through from Powell's Goose

August 30, 2021
Overview: There has been some follow-through activity after Fed Chair Powell's pre-weekend Jackson Hole comments, which confirmed the likely tapering ahead of year-end while underscoring the distinction between taking one's foot off the accelerator gradually and stepping on the brake.  The record closes in US benchmarks helped lift Asia Pa…
Little Follow-Through from Powell's Goose Little Follow-Through from Powell's Goose Reviewed by Marc Chandler on August 30, 2021 Rating: 5
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Yesterday's Dollar Recovery Stalls

August 05, 2021
Overview: US interest rates and the dollar turned higher following comments by the Fed's Vice Chairman Clarida, who appeared to throw his lot with the more hawkish members. The dollar recovered from weakness that had seen it fall to almost JPY108.70, its lowest level since late May, and lifted the euro to $1.19.  Still, there has been little f…
Yesterday's Dollar Recovery Stalls Yesterday's Dollar Recovery Stalls Reviewed by Marc Chandler on August 05, 2021 Rating: 5
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Greenback Softens amid Stronger Risk Appetites to Start August

August 02, 2021
Overview:  Risk appetites snap back after easing in the waning hours last month.  The MSCI Asia Pacific equities jumped back after dropping 1.8% last week for the second week in a row.  Japan's Topix and China's CSI 300 rose by more than 2%, and Hong Kong, Taiwan, and Australia gained more than 1%.  Europe's Dow Jones Stoxx 600 is reco…
Greenback Softens amid Stronger Risk Appetites to Start August Greenback Softens amid Stronger Risk Appetites to Start August Reviewed by Marc Chandler on August 02, 2021 Rating: 5
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Challenging Week Ahead

July 31, 2021
Three macro considerations are shaping the investment climate: the evolution of the virus and the response, the timeframe of the Fed's tapering, and China's broad regulatory crackdown. Beijing's new policy initiatives are broader and quicker than generally anticipated.  Officials seem to be opening up several different fronts, includin…
Challenging Week Ahead Challenging Week Ahead Reviewed by Marc Chandler on July 31, 2021 Rating: 5
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Greenback Shows Some Resilency after Follow-Through Selling Dried up

July 06, 2021
Overview: Follow-through dollar selling stalled as key levels were approached, including $1.19 in the euro, $1.3900 in sterling, $0.7600 in the Australian dollar, and CAD1.2300. Sentiment is mixed after the greenback sold-off before last weekend despite the fastest jobs growth in 10-months.  Emerging market currencies are mixed, with the JP Morgan…
Greenback Shows Some Resilency after Follow-Through Selling Dried up Greenback Shows Some Resilency after Follow-Through Selling Dried up Reviewed by Marc Chandler on July 06, 2021 Rating: 5
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The Greenback is Firm into Quarter-End

June 30, 2021
Overview: The dollar is finishing the quarter on firm footing, gaining against most of the major currencies today.  The euro is straddling the $1.1900 area, having begun the month above $1.22.  Sterling has tested the $1.38 area.  It had traded at a three-year high near $1.4250 at the start of the month.  Similarly, the US dollar set a seven-year …
The Greenback is Firm into Quarter-End The Greenback is Firm into Quarter-End Reviewed by Marc Chandler on June 30, 2021 Rating: 5
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