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Swedish Krona Surges

February 28, 2011
The Swedish krona is surging today. Hawkish central bank comments have offset disappointing retail sales figures and there is some talk of month-end related demand.
The euro recorded multi-year lows against the krona on Feb 16 just above SEK8.7 and had recovered to a high near SEK8.8550 earlier today before reversing sharply. In recent hours the e…
Swedish Krona Surges Swedish Krona Surges Reviewed by Marc Chandler on February 28, 2011 Rating: 5
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Dollar Finishes the Month Softly

February 28, 2011
After a soft start in Asia, the euro has rallied to approach the year's high set February 2 just above $1.3860. The ECB rhetoric ahead of the meeting later this week is expected to reiterate the hawkish tone seen in recent weeks, the euro seems particularly vulnerable to negative news that is mounting, though momentum and technical players hav…
Dollar Finishes the Month Softly Dollar Finishes the Month Softly Reviewed by Marc Chandler on February 28, 2011 Rating: 5
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March Madness

February 25, 2011
If you thought this year was off to a challenging start for investors, fasten your seatbelts. March could very well turn out to be the most important month of the year. This does not mean there is easy money to be made or low-hanging fruit that can be picked.
To the contrary, the event risks are such that even the most insightful investors may be …
March Madness March Madness Reviewed by Marc Chandler on February 25, 2011 Rating: 5
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Sterling Warning, ECB M3 and Swiss Resilience

February 25, 2011
One noteworthy take away from this week's price action is the under-performance of sterling. It's 1% loss against the dollar makes it one of the weakest currencies, second only to the New Zealand dollar, which was undermined by a swing in rate expectations following the devastating earthquake.
Sterling continues its under-performance today…
Sterling Warning, ECB M3 and Swiss Resilience Sterling Warning, ECB M3 and Swiss Resilience Reviewed by Marc Chandler on February 25, 2011 Rating: 5
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Anti-Inflation Credibility Examined

February 24, 2011
The common narrative in the market is that the ECB inherited the German anti-inflation resolve. The ECB has a formal inflation target unlike the Fed. As the euro zone as a whole recovered, the ECB has gradually unwound many of their extraordinary liquidity facilities. It is expected to signal intentions to return to only weekly and monthly liquidi…
Anti-Inflation Credibility Examined Anti-Inflation Credibility Examined Reviewed by Marc Chandler on February 24, 2011 Rating: 5
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Because Treasuries are Safe Haven, Dollar is Not

February 24, 2011
The US dollar has been unable to find much traction in recent days despite the heightened tensions in the Middle East and North Africa. The price action has raised questions about the dollar's role as a safe haven.
What does seem to be a safe haven are US Treasuries. Despite greater confidence that the US economy has gained momentum, the US yi…
Because Treasuries are Safe Haven, Dollar is Not Because Treasuries are Safe Haven, Dollar is Not Reviewed by Marc Chandler on February 24, 2011 Rating: 5
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Bread and Circuses: Reform Saudi Style

February 23, 2011
The time tested way to dampen popular unrest is to provide food and entertainment to the masses. The problem of course is that sometimes the funds are lacking. In Kuwait and Saudi Arabia, for example, this is not the case and the government's have been "generous" in providing relief. Given the impact on oil prices of what appears to…
Bread and Circuses: Reform Saudi Style Bread and Circuses:  Reform Saudi Style Reviewed by Marc Chandler on February 23, 2011 Rating: 5
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The Weight on the Dollar

February 23, 2011
The week's two main themes, political unrest in Northern Africa and the Middle East and rate hike speculation have joined forces and is serving to undermine the greenback. The surge in oil prices appears to be shifting the finely balanced outlook for interest rates in favor of tightening, while the Federal Reserve remains committed to easing o…
The Weight on the Dollar The Weight on the Dollar Reviewed by Marc Chandler on February 23, 2011 Rating: 5
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Hamburgers vs Frankfurters: German Politics and the Euro

February 22, 2011
Hamburg, the second largest city in Germany, gave the Social Democrats a stunning victory in the weekend election. It won an outright majority. It is the party's best showing in any state election since 1998. Merkel's CDU drew a little less than 22% of the vote, nearly halved from the 2008 contest.
Local issues, like the failed education r…
Hamburgers vs Frankfurters: German Politics and the Euro Hamburgers vs Frankfurters: German Politics and the Euro Reviewed by Marc Chandler on February 22, 2011 Rating: 5
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