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India Booms

August 31, 2010
One key theme has been how well many emerging market economies have held up while the world's biggest economies slow. India's Q2 GDP report fits into that theme. The 8.8% year-over-year growth represents an acceleration from the 8.6% y-o-y pace in Q1. Its strong growth and elevated inflation keeps the door open to additional tightening. Th…
India Booms India Booms Reviewed by Marc Chandler on August 31, 2010 Rating: 5
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Currency Levels and Official Will and Tools

August 31, 2010
The level of speculation of month-end flows appears to be inversely related to the amount of hard evidence. Nevertheless, the market buzz attributes the euro’s modest recovery today to month-end demand. In order to be anything noteworthy, however, the euro needs to overcome resistance in the $1.2780 area. The gains in late Asia and extended in Eur…
Currency Levels and Official Will and Tools Currency Levels and Official Will and Tools Reviewed by Marc Chandler on August 31, 2010 Rating: 5
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Global Capital Markets

August 31, 2010
The US dollar is mixed as month end-considerations and risk aversion dominates. Given the heightened concern about the possibility of BOJ intervention, the Swiss franc has taken over the safe haven lead from the Japanese yen. The Swiss franc is near it best level against the dollar of the year and is at new record highs against the euro. UK data, …
Global Capital Markets Global Capital Markets Reviewed by Marc Chandler on August 31, 2010 Rating: 5
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New Week, Old Drivers

August 30, 2010
There are four major considerations in the foreign exchange market as August winds down: the trajectory of the US economy, the outlook for US monetary policy, Japan’s policy response to the weakening economy and strengthening yen, and European strains.
There is a general consensus that although Bernanke essentially revealed what in pre-crisis time…
New Week, Old Drivers New Week, Old Drivers Reviewed by Marc Chandler on August 30, 2010 Rating: 5
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Capital Markets Overivew

August 30, 2010
The US dollar is mixed at the start of the new week. The absence of London markets is serving to dampen turnover. The reluctance of the Bank of Japan to get ahead of market expectations saw the yen recover smartly after the greenback neared JPY86. Initial support for the dollar near JPY84.50 is likely to be tested shortly. For its part, the euro h…
Capital Markets Overivew Capital Markets Overivew Reviewed by Marc Chandler on August 30, 2010 Rating: 5
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Europe's Feint

August 13, 2010
The euro has been sold hard across the board in recent days, taking numerous investors and observers by surprise. After all, the European sovereign debt crisis that was so threatening earlier this year had been resolved, the fiscal austerity measures announced had re-earned the market’s confidence, and the economies had strengthened in Q2 after ne…
Europe's Feint Europe's Feint Reviewed by Marc Chandler on August 13, 2010 Rating: 5
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First CPI Rise in 4 months and Small Bounce in Retail Sales

August 13, 2010
US July CPI rose 0.3%, a tad more than expected and the first rise in four months. Of note rents increased for the second consecutive month. Core prices rose 0.1%, leaving the year-over-year rate steady at 0.9%. Retail sales rose 0.4%, a little less than expected in July, but the June figure was revised from -0.5% to -0.3%. However, more important…
First CPI Rise in 4 months and Small Bounce in Retail Sales First CPI Rise in 4 months and Small Bounce in Retail Sales Reviewed by Marc Chandler on August 13, 2010 Rating: 5
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