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Muted Turnaround Tuesday

March 05, 2013
The stage for Turnaround Tuesday was set yesterday when the euro and sterling held the pre-weekend lows and the Dollar-Index did not extend last week's gains. The US-German 2-year spread, which continues to do a good job tracking the euro, also helped below last week's high and now is trading at its lowest level (smallest US premium since …
Muted Turnaround Tuesday Muted Turnaround Tuesday Reviewed by Marc Chandler on March 05, 2013 Rating: 5
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Great Graphic: US Exports Surpassed China in 2012?

March 05, 2013
This Great Graphic was on put on Business Insider by Lisa Mahapatra. It shows the destination of US exports in 2012, based on the US Department of Commerce data. 

There are two facts that Ms Mahapatra brings to our attention.  First, according the Commerce Department, the dollar value of US exports rose sharply last year to $2 2 trillion.  Secon…
Great Graphic: US Exports Surpassed China in 2012? Great Graphic: US Exports Surpassed China in 2012? Reviewed by Marc Chandler on March 05, 2013 Rating: 5
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Draghi and Italy

March 04, 2013
A key issue that will be addressed this week is how will the ECB respond to the electoral outcome of Italy. 
The outcome of the Italian election is not yet really known in the sense of the composition of the next government. There seems to be two potential paths going forward. The first was floated over the weekend of another technocrat governm…
Draghi and Italy Draghi and Italy Reviewed by Marc Chandler on March 04, 2013 Rating: 5
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Great Graphic: Internet Money

March 04, 2013
This Great Graphic was posted on Business Insider.  It shows the huge lead that PayPal has in the market. However, it is not really internet money, or electronic money, as some have suggested. They help facilitate on-line transactions and cash free transactions at brick-and-mortar, but it works with the bank accounts. 

If it proves sufficiently p…
Great Graphic: Internet Money Great Graphic: Internet Money Reviewed by Marc Chandler on March 04, 2013 Rating: 5
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Highlights for the Week Ahead: Central Banks Dominate

March 04, 2013
The week ahead promises to be eventful.  Three main items stand out: service sector purchasing managers surveys, five major central bank meetings, and the US employment data.

These will take place in the context characterized by a) lingering uncertainty over the direction of Italy, where there is still two weeks before parliament will sit in; b) …
Highlights for the Week Ahead: Central Banks Dominate Highlights for the Week Ahead: Central Banks Dominate Reviewed by Marc Chandler on March 04, 2013 Rating: 5
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Cool Video: How Big is the Universe?

March 03, 2013
This cool video was posted on YouTube by Minute Physics and a tip of the hat to Maria Popova for spotting it. It is a little more than four minutes long.  It is both engaging and informative.  Enjoy.



Cool Video: How Big is the Universe? Cool Video: How Big is the Universe? Reviewed by Marc Chandler on March 03, 2013 Rating: 5
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Currency Positioning and Technical Outlook: King Dollar Returns?

March 02, 2013
The US dollar rose against all the major currencies in the past week.  It seems clear that the greenback's gains were not a reflection of domestic developments, though it is true that US data stands in stark contrast with nearly every other major country.

Consider what has been reported in recent days.  The minor contraction in Q4 GDP was rev…
Currency Positioning and Technical Outlook: King Dollar Returns? Currency Positioning and Technical Outlook: King Dollar Returns? Reviewed by Marc Chandler on March 02, 2013 Rating: 5
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Looming Challenge for Japan

March 01, 2013
There are two important developments in Japan that may be lost in the shuffle between the heightened uncertainty in Europe now that Italian voters appear to have rejected Brussels/Monti austerity and the US self-inflicted sequester. 
The first is that deflationary forces have tightened their grip on the world's third largest economy. The seco…
Looming Challenge for Japan Looming Challenge for Japan Reviewed by Marc Chandler on March 01, 2013 Rating: 5
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Poor PMIs Shake Markets

March 01, 2013
The market reaction to the poor manufacturing purchasing managers surveys is the main driver today, with US sequester and Italian political juggernaut seemingly to be pushed into the background. The US dollar is bid and Italian bonds extended their recovery. 
The odd man out today is the Japanese yen.  It is counter-intuitively weak today.  Not o…
Poor PMIs Shake Markets Poor PMIs Shake Markets Reviewed by Marc Chandler on March 01, 2013 Rating: 5
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