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Dollar Bulls Return from New Years

January 05, 2011
There appear to be three main drivers in the foreign exchange market today. First, the failure of the euro yesterday near the upper end of its recent range is both the cause and effect of dealers expressing bearish sentiment by re-establishing short positions squeezed out in the thin holiday markets.
The convincing break of the $1.3250 area would …
Dollar Bulls Return from New Years Dollar Bulls Return from New Years Reviewed by Marc Chandler on January 05, 2011 Rating: 5
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Currencies and Commodities

January 04, 2011
One of the market developments that is capturing the imagination (and wallets) of investors is the rally in commodities. As an example, since late Aug '10, when Fed Chairman Bernanke seemed to signal QEII and US economic data began improving more noticeably, the CRB index has rallied about 30%. Roughly a third of the gain was recorded since la…
Currencies and Commodities Currencies and Commodities Reviewed by Marc Chandler on January 04, 2011 Rating: 5
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The Pound is Sterling, Aussie's Shine Tarnished

January 04, 2011
The value-added tax is set to rise in a handful of European countries this year, with the UK's 2.5 percentage point rise (to 20%) is the largest followed by Portugal's 2 percentage point hike (to 23%). Slovakia , Poland and Latvia have 1 point hikes (20%, 23% and 22% respectively). The UK's Telegraph reports that retailers may raise pr…
The Pound is Sterling, Aussie's Shine Tarnished The Pound is Sterling, Aussie's Shine Tarnished Reviewed by Marc Chandler on January 04, 2011 Rating: 5
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Hungary: EU Presidency, but Full of Controversy

January 03, 2011
Hungary assumes the rotating EU presidency for the first half of 2011. Yet its is mired in controversy, but with the government enjoying a 2/3 majority in parliament, there more pressure is likely to have to be brought to bear on Prime Minister Orban if Hungary is going to adjust its positions.
The controversy is at least threefold. First, the med…
Hungary: EU Presidency, but Full of Controversy Hungary:  EU Presidency, but Full of Controversy Reviewed by Marc Chandler on January 03, 2011 Rating: 5
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Four Themes To Start the New Year

January 03, 2011
In still holiday-thin markets, the US dollar has started the New Year off on a firm note, recovering a good part of the slide recorded last week. There a 4 themes that I expect to dominate investment considerations in the coming weeks. They are:
1. The US economy appeared to accelerate in Q4, maybe toward double the 1.7% annualized pace seen in Q2 …
Four Themes To Start the New Year Four Themes To Start the New Year Reviewed by Marc Chandler on January 03, 2011 Rating: 5
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