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Week Ahead: Thoughts on Greece, China and the US

June 28, 2015
The inexperienced Greek government lost its nerve. The brink was less than a week away, and it blinked.  It changed tactics at the last possible minute.  It took a reckless political gamble. 
The was still no agreement of course, but Prime Minister Tsipras was standing his ground. The differences between what Greece had offered and what the officia…
Week Ahead: Thoughts on Greece, China and the US Week Ahead:  Thoughts on Greece, China and the US Reviewed by Marc Chandler on June 28, 2015 Rating: 5
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Dollar Psychology ahead of Key Events in Greece and US Jobs Data

June 27, 2015
One way to understand technical analysis is that it is a window into market psychology.  Market psychology is always interesting, but it is especially fascinating ahead of key fundamental developments. Next week promises to be adoozy.  
There have been so many final offers and last chances in Greece's negotiations with its creditors that it is …
Dollar Psychology ahead of Key Events in Greece and US Jobs Data Dollar Psychology ahead of Key Events in Greece and US Jobs Data Reviewed by Marc Chandler on June 27, 2015 Rating: 5
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Emerging Markets: What has Changed

June 26, 2015
(from my colleague, Dr. Win Thin)
1) The Brazilian congress passed a new measure that will hurt the fiscal outlook 2) Brazil central bank kept the inflation target for 2017 the same at 4.5%, but narrowed the tolerance band to +/ 1.5 percentage points 3) Israel central bank has gotten less dovish 4) Nigeria central bank banned importers from ac…
Emerging Markets: What has Changed Emerging Markets:  What has Changed Reviewed by Marc Chandler on June 26, 2015 Rating: 5
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Great Graphic: More Unsolicited Advice from the IMF

June 26, 2015
The leadership at the Federal Reserve has consistently signaled its intention to lift rates this year. It is conditioned on the labor market continuing to absorb the slack, and provided the officials can be "reasonably confident" that the inflation target will be reached on a medium term.  
The IMF has argued against this.  It has suggest…
Great Graphic: More Unsolicited Advice from the IMF Great Graphic:  More Unsolicited Advice from the IMF Reviewed by Marc Chandler on June 26, 2015 Rating: 5
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The Calm Before the Storm?

June 26, 2015
The global capital markets remain subdued for the most part despite the fact that paralysis in Europe is bringing Greece to the very brink.There will be no agreement today, and the finance ministers will meet again tomorrow in what Merkel and Hollande have called a "decisive meeting."  The implicit threat is that if no agreement is reach…
The Calm Before the Storm? The Calm Before the Storm? Reviewed by Marc Chandler on June 26, 2015 Rating: 5
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