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Dollar Bulls Ahead

October 04, 2014
The US dollar had another good week, rising against all the major currencies. The strength of the US employment report, especially in the context of disappointing eurozone and UK PMI data, ensured that the consolidative phase was short-lived.   After dropping nearly two big figures, the dollar quickly snapped back against the yen, even though US i…
Dollar Bulls Ahead Dollar Bulls Ahead Reviewed by Marc Chandler on October 04, 2014 Rating: 5
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Four Recent and Interesting Posts

October 04, 2014
1.  The populist right appears to be gaining momentum in European politics.  Despite high levels of unemployment, disparity of wealth and income, and dysfunctional elites, the political left is missing in action.  At the same time, a significant minority of Americans want their state to leave the union (federal government).  Is this the crisis of …
Four Recent and Interesting Posts Four Recent and Interesting Posts Reviewed by Marc Chandler on October 04, 2014 Rating: 5
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Dollar Remains Bid Post-Draghi, Pre-Jobs

October 03, 2014
The US dollar regained the upper hand as yesterday's downside correction fizzled out.  Draghi provided just enough details of the asset purchase plans to avoid a rout, but not enough to give hope that this is what will turn the eurozone around.  With Europe's service PMIs released, the market turns its attention to the US employment data.�…
Dollar Remains Bid Post-Draghi, Pre-Jobs Dollar Remains Bid Post-Draghi, Pre-Jobs Reviewed by Marc Chandler on October 03, 2014 Rating: 5
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Emerging Markets: What Has Changed

October 02, 2014
(from my colleagues Dr. Win Thin and Ilan Solot)
1) USD/HKD traded at its highest level since May 2012. 2) Russian officials confirm that capital controls are not on the cards. 3) The Turkish central bank started to push bank against currency weakness – albeit slightly. 4) Dilma’s chances of re-elections increased further. 5) Argentine central ban…
Emerging Markets: What Has Changed Emerging Markets: What Has Changed Reviewed by Marc Chandler on October 02, 2014 Rating: 5
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Great Graphic: Sterling--Its All about the Base, No Trouble

October 02, 2014
Megan Trainor's song All about that Bass, could be the theme song for sterling traders. Shifting views on the outlook for the Bank of England's base rate does a good job explain the vagaries of sterling in recent months.  
This Great Graphic, from Bloomberg, how well sterling (white line) has tracked the implied yield of the March 2015 shor…
Great Graphic: Sterling--Its All about the Base, No Trouble Great Graphic: Sterling--Its All about the Base, No Trouble Reviewed by Marc Chandler on October 02, 2014 Rating: 5
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