Results for Negative Rates
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The Week Ahead: Inflation and the Fed

February 20, 2021
The reflation and inflation meme tightened their grip on the markets.  Interest rates have risen, and curves have steepened.  Two events occurred around the same time in early November that sent a similar signal: the US election with prospects for significantly more stimulus and a vaccine's availability.  Since the US election and the announce…
The Week Ahead: Inflation and the Fed The Week Ahead: Inflation and the Fed Reviewed by Marc Chandler on February 20, 2021 Rating: 5
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Position Squaring Weighs on the Dollar Ahead of the Jobs Report

February 05, 2021
Overview:  While equities continue to march higher, the dollar is softer amid position squaring ahead of the US jobs data.  Gold has stabilized after yesterday's shellacking.  Estimates for US nonfarm payrolls appear to have been creeping higher, encouraged by the ADP, PMI, and weekly initial jobless claims.  A robust report today could bolste…
Position Squaring Weighs on the Dollar Ahead of the Jobs Report Position Squaring Weighs on the Dollar Ahead of the Jobs Report Reviewed by Marc Chandler on February 05, 2021 Rating: 5
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Negative Rates and the Bank of England: Having Your Cake and Eating it Too

February 04, 2021
Overview:  The euro has been sold through $1.20 for the first time since December 1 and has now given back roughly half of the gains scored from the US election (~$1.16) to the early January high (~$.1.2350).  More broadly, the greenback is bid against most of the major currencies, with the Australian dollar more resilient after reported record ir…
Negative Rates and the Bank of England: Having Your Cake and Eating it Too Negative Rates and the Bank of England: Having Your Cake and Eating it Too Reviewed by Marc Chandler on February 04, 2021 Rating: 5
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PBOC Sends Signal as Market Looks Past Impeachment Vote

January 13, 2021
Overview: The US dollar is regaining ground lost in yesterday's setback against the major currencies.  Sterling is the notable exception.  It was toying with the $1.37 area, perhaps helped by the Governor of the Bank of England signal that there still are hurdles to adopting negative interest rates, which the futures market is still discountin…
PBOC Sends Signal as Market Looks Past Impeachment Vote PBOC Sends Signal as Market Looks Past Impeachment Vote Reviewed by Marc Chandler on January 13, 2021 Rating: 5
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The Week Ahead

May 23, 2020
The new week starts slowly with the US and UK markets closed on Monday, May 25. Even then, the economic calendar is light. With shutdowns easing in May, April data is too dated to be of much interest to investors. The preliminary May PMIs last week offered a hint that the low point for many high-income countries could be passed.
The US will report …
The Week Ahead The Week Ahead Reviewed by Marc Chandler on May 23, 2020 Rating: 5
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Markets Pull Back after Flirting with Breakouts

May 21, 2020
Overview: New two and a half month highs in the S&P 500 yesterday failed to have much sway in the Asia Pacific region and Europe today as US-China tensions escalate and profit-taking set in. Perhaps it is a bit of "buy the rumor sell the fact" type of activity on the back of upticks in the preliminary PMI reading and hesitancy about …
Markets Pull Back after Flirting with Breakouts Markets Pull Back after Flirting with Breakouts Reviewed by Marc Chandler on May 21, 2020 Rating: 5
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Fed Funds Futures No Longer Imply Negative Rates

May 20, 2020
Overview: Another late sell-off of US equities, ostensibly on questions over Moderna's progress on a vaccine, failed to deter equity gains in the Asia Pacific region. China was a notable exception, but the MSCI Asia Pacific Index rose for the fourth consecutive session. European shares are little changed, but reflects a split. On the one hand,…
Fed Funds Futures No Longer Imply Negative Rates Fed Funds Futures No Longer Imply Negative Rates Reviewed by Marc Chandler on May 20, 2020 Rating: 5
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Yuan Slumps as US-Chinese Tensions Rise

May 18, 2020
Overview: Despite somber warnings that the US economic recovery can stretch to the end of next year, investors have begun the new week by taking on new risks. Most equity markets in the Asia Pacific region rose, with Australia leading the large bourses with a 1% gain. India was an outlier, suffering a 2.4% loss, and Taiwan's semiconductor sect…
Yuan Slumps as US-Chinese Tensions Rise Yuan Slumps as US-Chinese Tensions Rise Reviewed by Marc Chandler on May 18, 2020 Rating: 5
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Will PMIs Show Economies Hit Bottom? Are US-China Tensions Rising Again?

May 16, 2020
March was when the markets froze up. Many, including myself, thought closing the markets was possible as has been done during other big shocks and without jeopardizing the reputation of exchanges or officials. Central banks and governments around the world began responding in earnest to the impact of economic shutdowns the market disruptions. The …
Will PMIs Show Economies Hit Bottom? Are US-China Tensions Rising Again? Will PMIs Show Economies Hit Bottom? Are US-China Tensions Rising Again? Reviewed by Marc Chandler on May 16, 2020 Rating: 5
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