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Emerging Markets: Preview of the Week Ahead

August 03, 2015
(from my colleagues Dr. Win Thin and Ilan Solot)
EM again starts off the week on the back foot, but losses are (for now) concentrated in the commodity currencies.  With commodities (except for iron ore) already under pressure again, this trend looks set to continue.  US jobs data Friday is likely to bring the focus back on Fed liftoff, which is of…
Emerging Markets: Preview of the Week Ahead Emerging Markets: Preview of the Week Ahead Reviewed by Marc Chandler on August 03, 2015 Rating: 5
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Three Strikes Against the Canadian Dollar

August 03, 2015
The Canadian dollar is the worst performing major currency over the past month. It has lost nearly 4.5% against the US dollar.  That brings its year-to-date loss to almost 12%.  
There had been two main sources of pressure on the Canadian dollar. The drop in oil prices, which poses a negative terms of trade shock on the economy. While under normal …
Three Strikes Against the Canadian Dollar Three Strikes Against the Canadian Dollar Reviewed by Marc Chandler on August 03, 2015 Rating: 5
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Big Week Starts Slowly

August 03, 2015
The US dollar is mostly confined to the pre-weekend trading ranges as participants prepare for this week's big events which include the BOE meeting, minutes and new forecasts, and the US jobs report.  The main exception is the Canadian dollar, which remains under pressure following the unexpected contraction in May, and the weekend call for na…
Big Week Starts Slowly Big Week Starts Slowly Reviewed by Marc Chandler on August 03, 2015 Rating: 5
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Shaping the Investment Climate and the Dollar Trade

August 02, 2015
There are two events this week that will shape the investment climate potentially for the rest of the year. The first is the Bank of England meeting. The following day is the US employment report.  
Both events take on added significance. The Bank of England enters a new era.  The Monetary Policy Committee meets as usual, but shortly after it, the …
Shaping the Investment Climate and the Dollar Trade Shaping the Investment Climate and the Dollar Trade Reviewed by Marc Chandler on August 02, 2015 Rating: 5
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Near-Term Dollar Outlook and Speculative Positioning

August 01, 2015
The unexpectedly record low increase in Q2 US Employment Cost Index unwound the some of the dollar's weekly gains and neutralized the near-term technical outlook. Next week's nonfarm payrolls are still critical, and the weakness may put even greater burden on the jobs data to demonstrate that slack is indeed being absorbed.  
The Dollar Ind…
Near-Term Dollar Outlook and Speculative Positioning Near-Term Dollar Outlook and Speculative Positioning Reviewed by Marc Chandler on August 01, 2015 Rating: 5
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