Marc to Market

Great Graphic: European Taxes and the Division of the Social Pie

Marc Chandler September 30, 2012

This Great Graphic was posted by Sober Look from Goldman Sachs. It provides a good overview corporate and sales tax (VAT) in several European countries.
Portugal is the only one that has raised corporate taxes, but five of the seven countries included here raised their VAT.

Great Graphic: European Taxes and the Division of the Social Pie Great Graphic: European Taxes and the Division of the Social Pie

Reviewed by Marc Chandler on September 30, 2012 Rating: 5

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FX Positioning and Technical Outlook: Stronger USD Ahead

Marc Chandler September 29, 2012

If the third quarter was about the reduction of tail-risk by official actions, then Q4 will be about the limitations of the policy response. It will pose a challenging investment climate after what turned out to be a favorable performance in Q3. Equities generally did well. The US S&P 500 rose 5.75% in Q3.

The Dow Jones Stoxx 600 rose 6.…

FX Positioning and Technical Outlook: Stronger USD Ahead

Reviewed by Marc Chandler on September 29, 2012 Rating: 5

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Ten Observations as the Week Winds Down

Marc Chandler September 28, 2012

The US dollar is going into month and quarter end on a soft note. The greenback had been generally firm against most of the major foreign currencies, but the Japanese yen, since around mid-month, but the news stream appears to have turned against it. Yesterday the euro traded in both sides of Wednesday's range and closed near the highs. Th…

Ten Observations as the Week Winds Down

Reviewed by Marc Chandler on September 28, 2012 Rating: 5

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Great Graphic: Gold in Different Currencies

Marc Chandler September 27, 2012

Here is a Great Graphic I saw on marketoracle.co.uk, which picked it up from Scott Barber at Thomson Reuters. It depicts the price of gold in a number of different currencies, including the dollar since the start of 2007. Over this period, the price of gold has appreciated 175% in dollar terms.
There are a couple of interesting observations. …

Great Graphic: Gold in Different Currencies Great Graphic: Gold in Different Currencies

Reviewed by Marc Chandler on September 27, 2012 Rating: 5

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Short Note on Market Developments

Marc Chandler September 27, 2012

The US dollar is broadly mixed in choppy turnover in the foreign exchange market. There are four main considerations today. First is the month-end flows and portfolio adjustments. They are broadly thought to be negative for the Swedish krona and euro and dollar and sterling positive.
Second, is the string of European data. In the euro zone …

Short Note on Market Developments

Reviewed by Marc Chandler on September 27, 2012 Rating: 5