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Sterling is Not Immune to Greenback Gains ahead of the BOE

May 11, 2023
Overview: The US dollar has come back bid today. It is rising by 0.25%-0.50% against all the G10 currencies. The Canadian dollar is the most resilient today, which is often the case when the greenback is firm. The Australian dollar is off the most after reaching its strongest level since late February yesterday. Sterling is a middling performer to…
Sterling is Not Immune to Greenback Gains ahead of the BOE Sterling is Not Immune to Greenback Gains ahead of the BOE Reviewed by Marc Chandler on May 11, 2023 Rating: 5
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New Week Same Refrain: Stocks Down, Yields Up, Stronger Greenback

May 09, 2022
Overview: New week, same refrain.  Stocks down, yields up, and the dollar is broadly higher.  The Nikkei and Taiwan fell by more than 2% and South Korea and Australia were off more than 1%.  China's Shanghai and Shenzhen rose, but the CSI 300 fell again.  Europe's Stoxx 600 is off around 1.5% near midday in Europe.  US futures are 1.5%-2.0…
New Week Same Refrain: Stocks Down, Yields Up, Stronger Greenback New Week Same Refrain: Stocks Down, Yields Up, Stronger Greenback Reviewed by Marc Chandler on May 09, 2022 Rating: 5
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Stronger EMU PMIs Fail to Recharge the Euro's Upside Momentum

August 03, 2020
Overview: The capital markets are decidedly mixed today as investors are pulled between rising infections, heightened tensions between the US and China, lack of progress on new US stimulus, and technical forces as the new month begins. Asia Pacific equities were mixed though the Nikkei gained more than 2%, aided by the yen's slump ahead of the…
Stronger EMU PMIs Fail to Recharge the Euro's Upside Momentum Stronger EMU PMIs Fail to Recharge the Euro's Upside Momentum Reviewed by Marc Chandler on August 03, 2020 Rating: 5
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Greenback Slips Ahead of the FOMC

July 29, 2020
Overview:  Global equity markets are stabilizing today, and the dollar is once again on its back foot.  Chinese markets led a mixed regional performance with a 2%-3% gain, while South Korea and Hong Kong markets also advancing.  The strength of the yen appears to weigh on Japanese shares.  The Nikkei fell for the fourth consecutive session.  Europ…
Greenback Slips Ahead of the FOMC Greenback Slips Ahead of the FOMC Reviewed by Marc Chandler on July 29, 2020 Rating: 5
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Dollar Bounces, Gold Slips, while Equities Hold Their Own

July 28, 2020
Overview: The main development in the capital markets today is the firmer dollar against nearly all the major and emerging market currencies.  Among the majors, the New Zealand dollar and Swedish krona are the heaviest (~-0.4%), while the Swiss franc and yen are marginally lower.  In the emerging market space, the liquid and accessible currencies,…
Dollar Bounces, Gold Slips, while Equities Hold Their Own Dollar Bounces, Gold Slips, while Equities Hold Their Own Reviewed by Marc Chandler on July 28, 2020 Rating: 5
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When Primary is Secondary

June 30, 2020
Overview:  The gains in US equities yesterday carried into Asia Pacific trading today, but the European investors did not get the memo. The Dow Jones Stoxx 600 is succumbing to selling pressure and giving back yesterday's gain.Energy and financials are the biggest drags, while real estate and information technology sectors are firm.  All the m…
When Primary is Secondary When Primary is Secondary Reviewed by Marc Chandler on June 30, 2020 Rating: 5
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USD is Offered in Quiet Start to the New Week

June 29, 2020
Overview:  The combination of rising virus cases and the sell-off in the US before the weekend dragged nearly all the Asia Pacific bourses lower.  The Nikkei led the way with more than a 2% drop, but most bourses were off more than 1%.  China and Taiwan were also greeted with selling as markets re-opened from a two-day holiday at the end of last w…
USD is Offered in Quiet Start to the New Week USD is Offered in Quiet Start to the New Week Reviewed by Marc Chandler on June 29, 2020 Rating: 5
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New Respiratory Illness Saps Risk-Taking Appetites

January 21, 2020
Overview:  The spread of a new respiratory illness in China has spurred a wave of profit-taking in equities and risk assets more generally.  All of the markets in the Asia Pacific region tumbled, with Hong Kong hit the hardest (-2.8%) after posting a key reversal yesterday.  The sell-off continued in Europe.  The Dow Jones Stoxx 600 is off about 0…
New Respiratory Illness Saps Risk-Taking Appetites New Respiratory Illness Saps Risk-Taking Appetites Reviewed by Marc Chandler on January 21, 2020 Rating: 5
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