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European Summit: More Talk Needed, but Something Emerging

October 23, 2011
The European debt crisis turns two years old. On average there is a crisis management summit a little more frequently than every other month on average. The most concrete and certain thing to emerge from the weekend's summit is that there needs to be at least one more before the November 3 G20 summit, which is a deadline of sorts for a resolut…
European Summit: More Talk Needed, but Something Emerging European Summit: More Talk Needed, but Something Emerging Reviewed by Marc Chandler on October 23, 2011 Rating: 5
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Europe: Your Rope

October 20, 2011
European officials simply cannot get out of their own way. They are their own worst enemy presently.
First assurances that a durable comprehensive solution would be forthcoming. Then lower expectations, with even reports suggesting that at this late date Germany could cancel the summit. More likely that they agree to some frame work now and the de…
Europe: Your Rope Europe: Your Rope Reviewed by Marc Chandler on October 20, 2011 Rating: 5
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Pessimism Grows, FX Consolidation Continues

October 20, 2011
The focus remains squarely on Europe. Concern that France and Germany are moving in two different directions undermines the already fragile sentiment and weakens expectations ahead of the weekend summit. This has kept the euro confined to the ranges carved out Monday-Tuesday--$1.3653-$1.3914. The lower end of the range seems more fragile today, bu…
Pessimism Grows, FX Consolidation Continues Pessimism Grows, FX Consolidation Continues Reviewed by Marc Chandler on October 20, 2011 Rating: 5
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Thoughts on Recent Price Action and Drivers

October 18, 2011
The position adjustment and renewed risk appetite seen after a dismal September has been halted in its tracks by a combination of the more somber warnings from German officials that the sense of closure that many investors seek to the 2-year old European crisis will remain elusive despite the Berlin-Paris pledge for a comprehensive and durable sol…
Thoughts on Recent Price Action and Drivers Thoughts on Recent Price Action and Drivers Reviewed by Marc Chandler on October 18, 2011 Rating: 5
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Preview of the Week Ahead

October 16, 2011
Corrective forces are likely to weigh on the US dollar through most of the week. The critical event will the the European summit. There is much anticipation for what has been called "durable" and comprehensive" action to address the European debt crisis.
More broadly speaking, over the last couple of the weeks the capital markets ha…
Preview of the Week Ahead Preview of the Week Ahead Reviewed by Marc Chandler on October 16, 2011 Rating: 5
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