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European Currencies Continue to Bear the Brunt

March 03, 2022
Overview: Russia's invasion of Ukraine and the global response is a game-changer, as Fed Chair Powell told Congress yesterday.  The UK-based research group NISER estimated that world output will be cut by 1% next year or $1 trillion, and global inflation will be boosted by three percentage points this year and two next.  The recovery in US sto…
European Currencies Continue to Bear the Brunt European Currencies Continue to Bear the Brunt Reviewed by Marc Chandler on March 03, 2022 Rating: 5
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Russia's Military Action Shakes Markets

February 24, 2022
Overview: News that the separatists were calling on Moscow for military assistance began the risk-off move, and Russia hitting targets across Ukraine has rippled across the capital markets.  Equites have been upended.  Most bourses in the Asia Pacific region were off 2%-3%, while the Stoxx 600 in Europe gapped lower and is off around 3.5% in late …
Russia's Military Action Shakes Markets Russia's Military Action Shakes Markets Reviewed by Marc Chandler on February 24, 2022 Rating: 5
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No Turnaround Tuesday for Equities?

December 14, 2021
Overview:  Activity in the capital markets is subdued today, ahead of tomorrow's FOMC meeting conclusion and the ECB meeting on Thursday.  The MSCI Asia Pacific equity index fell for the third consecutive session.  European bourses are heavy after the Stoxx 600 posted an outside down day yesterday. Today would be the fifth consecutive decline.…
No Turnaround Tuesday for Equities? No Turnaround Tuesday for Equities?  Reviewed by Marc Chandler on December 14, 2021 Rating: 5
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Animal Spirits Roar Back

December 07, 2021
Overview:  A return of risk appetites can be seen through the capital markets today, arguably encouraged by ideas that Omicron is manageable and China's stimulus.  Led by Hong Kong and Japan, the MSCI Asia Pacific rose by the most in three months, while Europe's Stoxx 600 gapped higher, leaving a potentially bullish island bottom in its wa…
Animal Spirits Roar Back Animal Spirits Roar Back Reviewed by Marc Chandler on December 07, 2021 Rating: 5
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Semblance of Stability Returns though Geopolitical Tensions Rise

December 06, 2021
Overview:  The absence of negative developments surrounding Omicron over the weekend appears to be helping markets stabilize today after the dramatic moves at the end of last week.  Asia Pacific equities traded heavily, and among the large markets, only South Korea and Australia escaped unscathed today.  Europe's Stoxx 600 is trading higher, l…
Semblance of Stability Returns though Geopolitical Tensions Rise Semblance of Stability Returns though Geopolitical Tensions Rise Reviewed by Marc Chandler on December 06, 2021 Rating: 5
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Covid Strikes Back

November 26, 2021
Overview: Concerns that a new mutation of the Covid virus has shaken the capital markets.  Equities are off hard, and bonds have rallied.  In the foreign exchange market, the Japanese yen and Swiss franc have rallied.  While there may be a safe haven bid, there also appears to be an unwinding of positions that require the buying back of the fundin…
Covid Strikes Back Covid Strikes Back  Reviewed by Marc Chandler on November 26, 2021 Rating: 5
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Euro Bounces Back, but the Turkish Lira Remains Unloved

November 18, 2021
Overview:  The US dollar's sharp upside momentum stalled yesterday near JPY115 and after the euro met (and surpassed) a key retracement level slightly below $1.1300.  Led by the Antipodean currencies today, the greenback is mostly trading with a heavier bias.  Among the majors, helped by a steadying of US yields, the yen is soft.  In the emerg…
Euro Bounces Back, but the Turkish Lira Remains Unloved Euro Bounces Back, but the Turkish Lira Remains Unloved Reviewed by Marc Chandler on November 18, 2021 Rating: 5
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Dollar Slumps

October 19, 2021
Overview:  While equities and bonds are firmer, it is the dollar's sell-off that stands out today.  The greenback has retreated broadly.    The euro is trading above the previous week's high for the first time in over a month, and the dollar was pushed back below JPY114.00 in early European turnover. The Chinese yuan is at four-month highs…
Dollar Slumps Dollar Slumps Reviewed by Marc Chandler on October 19, 2021 Rating: 5
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