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The Dollar Comes Back Bid

April 19, 2023
Overview: It has taken some time, but the dollar has found better traction. It traded above JPY135 for the first time since mid-March and yesterday's setback has been mostly recouped against the other G10 currencies. Sterling is the most resilient after higher-than-expected inflation. Equities are lower. Japan's Nikkei snapped an eight-day…
The Dollar Comes Back Bid The Dollar Comes Back Bid Reviewed by Marc Chandler on April 19, 2023 Rating: 5
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Quiet Start to New Year

January 03, 2022
Overview:  The New Year begins slowly.  Japan, mainland China, Australia, New Zealand, and the UK markets remain closed.  While Hong Kong shares traded heavily, Taiwan, South Korea, and India moved higher.  Led by consumer discretionary and staple sectors, Europe's Stoxx 600 is up about 0.6%.  US futures are 0.4%-0.6% higher.  European yields …
Quiet Start to New Year Quiet Start to New Year Reviewed by Marc Chandler on January 03, 2022 Rating: 5
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RBA Jettisons Yield Curve Control but Continues to Resist Market Pressure

November 02, 2021
Overview: The third record close of the S&P 500 failed to lift Asia Pacific and European shares today.  In Asia, the large bourses fell, except South Korea, which rallied a little more than 1%.  Europe's Stoxx 600 is threatening to snap a three-day advance, while US index futures are soft.  The US 10-year yield is firm, around 1.56%.  Euro…
RBA Jettisons Yield Curve Control but Continues to Resist Market Pressure RBA Jettisons Yield Curve Control but Continues to Resist Market Pressure Reviewed by Marc Chandler on November 02, 2021 Rating: 5
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Bond Sell-Off Continues

August 26, 2021
Overview:  The new equities high in the US failed to carry into today's activity.  Asia Pacific markets were mostly lower, led by Hong Kong and the mainland to snap a three-day advance.  Europe's Dow Jones Stoxx 600 is off nearly 0.5% through the European morning. US futures are soft.  The bond market sell-off continues, with the US 10-yea…
Bond Sell-Off Continues Bond Sell-Off Continues Reviewed by Marc Chandler on August 26, 2021 Rating: 5
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The Dollar Snaps Back

June 02, 2021
Overview: The US dollar is enjoying broad, even if not large, gains today following yesterday's recovery from three-year lows against sterling and four-year lows against the Canadian dollar.  The greenback is firmer against all the major currencies.  The Australian and New Zealand dollars the weakest, even though Australia reported stronger th…
The Dollar Snaps Back The Dollar Snaps Back Reviewed by Marc Chandler on June 02, 2021 Rating: 5
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Markets Chill

February 18, 2021
Overview:  The bout of profit-taking in equities continued today, and most markets in Asia Pacific and Europe are lower.  China's markets re-opened but struggled to sustain early gains. However, the Shanghai Composite rose by about 0.5%, and a smaller increase was recorded in Taiwan and an even smaller gain in Australia.  Europe's Dow Jone…
Markets Chill Markets Chill Reviewed by Marc Chandler on February 18, 2021 Rating: 5
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Fed's Mid-Course Correction to be Challenged while ECB Resumes Bond Purchases Fed's Mid-Course Correction to be Challenged while ECB Resumes Bond Purchases Reviewed by Marc Chandler on October 26, 2019 Rating: 5
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China Questions US Sincerity

May 17, 2019
Overview:  Since the presidential tweets on May 3, the US had the initiative in the negotiations with China, but today, China has pushed back.  It is cool to the idea promoted by the US that trade talks will resume shortly.  Now it may take the Trump-Xi meeting at the end of next month to restart talks.   This, coupled with US sanctions on Huawei …
China Questions US Sincerity China Questions US Sincerity Reviewed by Marc Chandler on May 17, 2019 Rating: 5
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US Auto Sector and Broader Thoughts on the US Labor Market

August 02, 2017
Charles Wilson, former CEO of General Motors before becoming Defense Secretary under President Eisenhower, once famously quipped that "what is good for the country is good for GM and vice versa."   While the veracity of that claim has been challenged, the fact of the matter is that since the Great Financial Crisis, the auto sector (not j…
US Auto Sector and Broader Thoughts on the US Labor Market US Auto Sector and Broader Thoughts on the US Labor Market Reviewed by Marc Chandler on August 02, 2017 Rating: 5
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