Marc to Market: Data

Results for Data

Little Resolution in the Week Ahead

Marc Chandler February 09, 2019

According to legend, the person who unraveled the Gordian Knot would rule the world. No one succeeded until Alexandar the Great took his mighty sword and sliced the knot in half. A young boy saw him afterward, crying on the steps of the Temple of Apollo. "Why are you crying?" the boy asked, "You just conquered the world. "Y…

Little Resolution in the Week Ahead Reviewed by Marc Chandler on February 09, 2019 Rating: 5

Edit

Dollar Dropped like Hot Potato After Core CPI Disappointed

Marc Chandler October 13, 2017
The dollar was bid before the US economic data. The market responded quickly upon seeing the disappointing 0.1% rise in core CPI. Given the base effect, the 0.1% increase kept the year-over-year rate at 1.7% for the fourth consecutive month. The dollar reversed lower.
Retail sales were largely in line with expectations. The 1.6% headline increa…

Dollar Dropped like Hot Potato After Core CPI Disappointed Reviewed by Marc Chandler on October 13, 2017 Rating: 5

Edit

Pieces of Eight: Drivers in the Week Ahead

Marc Chandler September 29, 2013
The fourth quarter begins with a bang. The US government risks closure due to an inane argument over authorizing continued government spending and issuing debt to cover the past spending that was authorized. Provided the US government is open, the important monthly jobs report is due out at the end of the week. The Italian government appears to …

Pieces of Eight: Drivers in the Week Ahead Reviewed by Marc Chandler on September 29, 2013 Rating: 5

Edit

September Begins with a Bang

Marc Chandler September 01, 2013
The summer lull is surely over. In the week ahead no fewer than six G10 central banks meet and a host of important economic data is slated for release. The US employment data at the end of the week is seen by many as critical for the one major central bank that is not meeting, the Federal Reserve.
None of the central banks meeting, which incl…

September Begins with a Bang Reviewed by Marc Chandler on September 01, 2013 Rating: 5

Edit

Four Dimensions of the Investment Climate

Marc Chandler August 04, 2013
This week's data and events occur in a particular investment climate. We identify four key elements of that investment climate.
The first and most important of these are the expectations for the Federal Reserve to slow its long-term asset purchases. According to Reuters polls, there has been a shift among views of primary dealers; pushing …

Four Dimensions of the Investment Climate Reviewed by Marc Chandler on August 04, 2013 Rating: 5

Edit

Focus Shifts to the US

Marc Chandler July 31, 2013
The US dollar is narrowly mixed in choppy month end turn-over ahead of a slew of US data and the conclusion of the FOMC meeting. Global equities are mixed, with Asia dragged lower by the 1.5% decline in the Nikkei, while Europe is faring better with the Dow Jones Stoxx 600 posting fractional gains near midday in London. Bond markets are mostly …

Focus Shifts to the US Reviewed by Marc Chandler on July 31, 2013 Rating: 5

Edit

Half a Dozen Thoughts about the Week Ahead

Marc Chandler July 21, 2013
We have argued that there were three main drivers of the capital markets: inspired by talk of Fed tapering, long-term interest rates had bottomed and the unwinding of structural positions based on low and falling interest rates; the sales of foreign assets by Japanese investors; and the liquidity squeeze of China and the slowing of the world'…

Half a Dozen Thoughts about the Week Ahead Reviewed by Marc Chandler on July 21, 2013 Rating: 5

Edit

Asset Markets Mostly Improve, but Dollar Retains Firm Under Tone

Marc Chandler June 28, 2013
Reassuring words from a number of Federal Reserve officials, continued easing of the acute liquidity squeeze in China and mostly firm data in Europe has seen global equity and bond markets general trading higher, but in the foreign exchange market the dollar has retained the underlying firm tone seen this week. Generally speaking, we anticipate …

Asset Markets Mostly Improve, but Dollar Retains Firm Under Tone Reviewed by Marc Chandler on June 28, 2013 Rating: 5

Edit

Calm FX, Yen Strengthens

Marc Chandler April 26, 2013
The US dollar is little changed against most of the major currencies in choppy and directionless activity. The main exception is the Japanese yen which has strengthened across the board, ahead of the Golden Week holidays, which will close the Tokyo markets Monday and Friday next week. The dollar fell to new lows for the week near JPY98.20. It h…

Calm FX, Yen Strengthens Reviewed by Marc Chandler on April 26, 2013 Rating: 5

Edit

Markets Stabilize, Japanese Continue to Sell Foreign Bonds

Marc Chandler April 18, 2013
The global capital markets have stabilized after yesterday's moves. The major foreign currencies and most of the emerging market currencies are consolidating yesterday's moves.   Asian equities followed the US lower, with the MSCI Asia-Pacific Index off almost 1.25%, but European bourses are higher, led by technology and health care secto…

Markets Stabilize, Japanese Continue to Sell Foreign Bonds Reviewed by Marc Chandler on April 18, 2013 Rating: 5

Edit

Fragile Tone Continues

Marc Chandler April 17, 2013
The global capital markets that stabilized yesterday, still seem fragile today. The yen was sold in Asia for the second consecutive session and gold also continued to post corrective upticks, but there are signs that the animal spirits have not been rekindled. Japanese government bond yields are higher, ahead of tomorrow's 20-year bond auct…

Fragile Tone Continues Reviewed by Marc Chandler on April 17, 2013 Rating: 5

Edit

Dollar Heavy, Poised for More Losses

Marc Chandler April 11, 2013
The US dollar continues to trade with a heavier bias, though largely within recent ranges against the major currencies and emerging market currencies. Among the majors, to note is that sterling and the Australian dollar are trading at new multi-week highs. The wait to see the JPY100 print is being dragged out, though the markets willingness to s…

Dollar Heavy, Poised for More Losses Reviewed by Marc Chandler on April 11, 2013 Rating: 5

Edit

Great Graphic: Data Surprises in US, Europe and Emerging Markets Turn Lower

Marc Chandler April 09, 2013
This Great Graphic was posted on Pragmatic Capitalism. It came from Societe Generale Cross Asset Research which took it from Citigroup. It traces the performance of the US, euro area and emerging markets relative to expectations.
There really are two moving parts here. First is the economic data itself and the second are the expectations. A…

Great Graphic: Data Surprises in US, Europe and Emerging Markets Turn Lower Reviewed by Marc Chandler on April 09, 2013 Rating: 5

Edit

Poor North American Jobs Report Sends USD and CAD Lower

Marc Chandler April 05, 2013
The shockingly disappointing non-farm payrolls growth of 88k has sent the dollar reeling. The 61k upward revisions to the Jan and March figures and the smaller than expected trade deficit were not sufficient offsets. This is the poorest US jobs growth in 9 months and threatens to repeat the pattern of the last couple of years in which a spurt i…

Poor North American Jobs Report Sends USD and CAD Lower Reviewed by Marc Chandler on April 05, 2013 Rating: 5

Edit

Great Graphic: Euro Area PMI and GDP

Marc Chandler April 04, 2013
This Great Graphic comes from Markit Economics, which compiles many of the purchasing manager surveys. The chart shows the composite euro area PMI and GDP. It is not a perfect match, but is does seem to get the direction.
The weakness in the composite PMI warns that the economic downturn in the euro area is set to continue. The ECB had expec…

Great Graphic: Euro Area PMI and GDP Reviewed by Marc Chandler on April 04, 2013 Rating: 5

Edit

Much News, Little Action

Marc Chandler April 02, 2013
European markets re-opened for the first time since the middle of last week, and although there has been much news, the price action looks largely uninspired. Sterling has lost some ground after the disappointing CIPS PMI and the $1.5200 area is proving a difficult area to convincingly overcome. The euro is little changed from where it was late …

Much News, Little Action Reviewed by Marc Chandler on April 02, 2013 Rating: 5

Edit

Follow the Money

Marc Chandler March 28, 2013
The ECB confirmed what the recent anecdotal reports hinted at, namely that deposits have been leaving Cyprus even before the crisis reached the fevered pace a couple of weeks ago.
Specifically, earlier today it confirmed that roughly deposits fell by about 1 bln euros in February after a similar draw down in January. In fact, since last May, th…

Follow the Money Reviewed by Marc Chandler on March 28, 2013 Rating: 5

Edit

Europe Still Center Stage

Marc Chandler March 27, 2013
The US dollar continues to show a firm profile as European events continue to dominate investors' concerns. Given the holidays starting tomorrow and running into early next week for some, the first quarter is effectively over. The euro has slipped to new four month lows as the official response to the Cyprus crisis has undermined confidence.…

Europe Still Center Stage Reviewed by Marc Chandler on March 27, 2013 Rating: 5

Edit

Morphing Crisis

Marc Chandler March 26, 2013
During the Asian financial crisis, the chief economist of the IMF, Michael Mussa, once explained that there were three kinds of crises; liquidity, solvency and stupidity. The crisis in Europe continues to morph.
European officials have succeeded in stabilizing the situation with words of assurances. Despite the dramatic price action yesterday,…

Morphing Crisis Reviewed by Marc Chandler on March 26, 2013 Rating: 5

Edit

Unequivocally Strong North American Jobs Data

Marc Chandler March 08, 2013
The US jobs data was consistent with the recent string of data clearly showing a surprising resilience to the anticipation and tightening of fiscal policy. The strength of the Feb report means the back month modest downward revision is largely irrelevant.
Non-farm payrolls jumped 236k in February, well above expectations. Hourly earnings rose 0.…

Unequivocally Strong North American Jobs Data Reviewed by Marc Chandler on March 08, 2013 Rating: 5