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Antipodeans Sink, while USD Treads Water

November 25, 2014
The US dollar remains within recent ranges against the euro, yen and sterling.  The antipodean currencies have been pushed lower, and that is where the movement is today.  The main impetus is from a downgrade in the Reserve Bank of New Zealand's inflation expectations, and momentum players selling the Aussie on the break of $0.8600.  Players w…
Antipodeans Sink, while USD Treads Water Antipodeans Sink, while USD Treads Water Reviewed by Marc Chandler on November 25, 2014 Rating: 5
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ICYMI: Four Recent Interesting Posts

November 24, 2014
1.  Speculators positioning in the futures market:  The Secretary General of OPEC recent blamed speculators for the decline in oil prices.  A look at the Commitment of Traders shows speculators in the light crude futures contract have a substantial net long position.
2.  Swiss gold referendum:   The referendum Swiss voters face at the end of the m…
ICYMI: Four Recent Interesting Posts ICYMI:   Four Recent Interesting Posts Reviewed by Marc Chandler on November 24, 2014 Rating: 5
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Emerging Markets: Preview of the Week Ahead

November 24, 2014
(from my colleagues Dr. Win Thin and Ilan Solot)

The huge reversal last week in the underperforming currencies (BRL and RUB) has put some of the bears on the defensive. In addition, the recent political news (except for Mexico) has been positive: Indonesia's increase in subsidized fuel prices was followed by similar action in Malaysia; Brazil…
Emerging Markets: Preview of the Week Ahead Emerging Markets:  Preview of the Week Ahead Reviewed by Marc Chandler on November 24, 2014 Rating: 5
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Germany Surprises, Helps Euro Tick Up

November 24, 2014
The US dollar has begun the holiday-shortened week on a firm note, but the stronger than expected German IFO report helped steady the euro near $1.2400.  Although Japanese markets were closed earlier today, the dollar rebounded toward JPY118.40, as participants recognize official jawboning was more about the pace of the yen's decline than the …
Germany Surprises, Helps Euro Tick Up Germany Surprises, Helps Euro Tick Up Reviewed by Marc Chandler on November 24, 2014 Rating: 5
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Politics is Economics in the Week Ahead

November 23, 2014
Many people assume that politics and economics are separate spheres.  We find ourselves often harkening back to the even older tradition of referring to "political economy". After all it was Harold Laswell, who is regarded as the father of modern political science, that famously defined politics as who gets what, when and how. Isn't …
Politics is Economics in the Week Ahead Politics is Economics in the Week Ahead Reviewed by Marc Chandler on November 23, 2014 Rating: 5
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Every One Wants Dollars (Again)

November 22, 2014
A new phase in the markets began this month.  The Federal Reserve ended its QE3+ purchases.  The Bank of Japan unexpectedly and dramatically stepped up its asset purchases under its QQE operations.  The government's largest pension fund announced aggressive portfolio diversification plan. 
Contrary to some press reports, the ECB remained unani…
Every One Wants Dollars (Again) Every One Wants Dollars (Again) Reviewed by Marc Chandler on November 22, 2014 Rating: 5
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Cool Video: Toward Understanding Left-Handedness

November 22, 2014
Are you left-handed?  You must know someone who is southpaw.  There are all sorts of superstitions around left-handedness.  Is it a curse?  Is it dirty?  Is it a faulty wiring of the brain ?  Are lefties more creative?  More accident prone?  It seems like we know very little about it. This Cool Video from It's Okay to Be Smart explains some of…
Cool Video: Toward Understanding Left-Handedness Cool Video:  Toward Understanding Left-Handedness Reviewed by Marc Chandler on November 22, 2014 Rating: 5
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