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Euro Closed above $1.09 but Follow-Through Buying Limited

January 26, 2023
Overview: After some intraday penetration, the euro finally settled above $1.09 yesterday. However, follow-through buying has been limited and technical and option-related resistance is seen in the $1.0940-50 area. The dollar is more broadly mixed today, with the dollar-bloc and Norwegian krone leading the advancers. The euro, yen, and sterling ar…
Euro Closed above $1.09 but Follow-Through Buying Limited Euro Closed above $1.09 but Follow-Through Buying Limited Reviewed by Marc Chandler on January 26, 2023 Rating: 5
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Fed Day

July 27, 2022
Overview: Better US news from the likes of Google, Microsoft, and Texas Instruments has helped lift sentiment today and is encouraging a more risk-on mood ahead of the FOMC meeting. News that US President Biden and China’s Xi will talk tomorrow for the second time this year may be notable but does not appear to be impactful in the capital markets.…
Fed Day Fed Day Reviewed by Marc Chandler on July 27, 2022 Rating: 5
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Week Ahead: EMU CPI and GDP, US GDP, and BOJ Meeting Highlights

April 23, 2022
The US dollar is having a good month. Against the euro and yen, it is appreciating for the fourth consecutive month. Rising rates continue to appear to be the main driver.  The divergence of monetary policy is palpable.  At the same time, it is not simply a positive news story in the US but also less constructive developments in Japan and the euro…
Week Ahead: EMU CPI and GDP, US GDP, and BOJ Meeting Highlights Week Ahead:  EMU CPI and GDP, US GDP, and BOJ Meeting Highlights Reviewed by Marc Chandler on April 23, 2022 Rating: 5
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Federal Reserve and Bank of Canada Meet as Risk Appetites Stabilize

January 26, 2022
Overview:  After a slow and mixed start in Asia, where Australia and India are on holiday, equity markets have turned higher.  Europe's Stoxx 600 is up around 1.9% near midday in Europe, which if sustained would be the biggest gain of the year.  US futures are snapping backing too, with the S&P 500 popping more than  1% and NASDAQ by 2%.  …
Federal Reserve and Bank of Canada Meet as Risk Appetites Stabilize Federal Reserve and Bank of Canada Meet as Risk Appetites Stabilize Reviewed by Marc Chandler on January 26, 2022 Rating: 5
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The Euro Remains Within Last Wednesday's Range

October 12, 2021
Overview:  A weak close in US equity trading yesterday and the widening of China's "cultural revolution" for a two-month investigation of the financial sector stopped a three-day advance in the MSCI Asia Pacific Index.  China, South Korea, and Taiwan saw more than a 1% decline in their major indices.  All the major indices weakened. …
The Euro Remains Within Last Wednesday's Range The Euro Remains Within Last Wednesday's Range Reviewed by Marc Chandler on October 12, 2021 Rating: 5
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Risk Appetites Didn't Return from the Weekend

September 20, 2021
Overview: Investors' mood did not improve over the weekend, and the lack of risk appetites are rippling through the capital markets today.  Equities have tumbled, yields have backed off, and the dollar is well bid.  Hong Kong and Australia led the sell-off in the Asia Pacific region, off 3.3% and 2.1%, respectively.  Regional losses may have b…
Risk Appetites Didn't Return from the Weekend Risk Appetites Didn't Return from the Weekend Reviewed by Marc Chandler on September 20, 2021 Rating: 5
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What to Expect from the World Bank and IMF

April 13, 2020
The spring meetings of the World Bank and IMF will be held virtually this week amid a profound economic crisis spurred by a novel coronavirus.  Unlike previous such viruses, this went global in such a destructive way that many countries have responded the same way.  Encouraging social distancing, closing non-essential businesses, and enforcing loc…
What to Expect from the World Bank and IMF What to Expect from the World Bank and IMF Reviewed by Marc Chandler on April 13, 2020 Rating: 5
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Hope (and the IMF) Stall Dollar Rally

April 07, 2020
Overview:  In the war against the novel coronavirus, humans are striking back, and appear to be gradually getting the upper end, especially in place in Europe, and possibly the US, which has been particularly hard hit.  Risk appetites are surging.  Nearly all the equity markets are higher today, with India playing catch-up after yesterday's ho…
Hope (and the IMF) Stall Dollar Rally Hope (and the IMF) Stall Dollar Rally Reviewed by Marc Chandler on April 07, 2020 Rating: 5
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