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Policymakers' Intentions are More Critical Drivers than Macroeconomics in Week Ahead Policymakers' Intentions are More Critical Drivers than Macroeconomics in Week Ahead Reviewed by Marc Chandler on October 04, 2015 Rating: 5
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Dollar Bulls Bend, but Will They Break?

October 03, 2015
The unexpectedly poor September US jobs data weakened the greenback's technical tone, as questions about the underlying strength of the world's largest economy, and the implications for the Fed's take-off, intensify.  The economic data the US is scheduled to release in the week ahead are not of sufficient heft to alter the pessimism th…
Dollar Bulls Bend, but Will They Break? Dollar Bulls Bend, but Will They Break? Reviewed by Marc Chandler on October 03, 2015 Rating: 5
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Emerging Markets: What has Changed

October 02, 2015
(from my colleagues Dr. Win Thin and Ilan Solot)
1) Colombia’s central bank unexpectedly hiked its policy rate 25 bp to 4.75% 2) Mexico extended its FX auctions 3) Petrobras raised prices for gasoline and diesel for the first time in almost a year 4) China’s central bank cut the minimum down payment for first-time home buyers 5) The central bank of In…
Emerging Markets: What has Changed Emerging Markets: What has Changed Reviewed by Marc Chandler on October 02, 2015 Rating: 5
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Simply Dreadful US Jobs Report

October 02, 2015
There is nothing good that can be said about the US jobs data.  It was simply dreadful. Every metric disappointed, and the August series which so often is revised higher, came in lower.  This will raise fresh doubts about the US economy and the ability of the Federal Reserve to raise rates, not just this month, but this year.  
Nonfarm payrolls ros…
Simply Dreadful US Jobs Report Simply Dreadful US Jobs Report Reviewed by Marc Chandler on October 02, 2015 Rating: 5
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US Reports Jobs as Ideas of BOJ and RBA Easing Next Week Fade

October 02, 2015
The monthly US employment report is the key to the remainder of the session.  Market participants appear to generally accept several things about the report. 
First that the August time series, as well as the September series is often subject to upward revisions from the first estimate.  
Second, that barring significant surprise, those that expect …
US Reports Jobs as Ideas of BOJ and RBA Easing Next Week Fade US Reports Jobs as Ideas of BOJ and RBA Easing Next Week Fade Reviewed by Marc Chandler on October 02, 2015 Rating: 5
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Foreign Exchange Forensics and China's Reserves

October 01, 2015
At the end of every quarter, the IMF reports official reserve holdings. It is the most comprehensive and authoritative source of such information.  This is especially true of the currency composition of the reserves, which some countries publish freely and others regard as a national secret.
The IMF reports the figures with a quarter lag. Data as o…
Foreign Exchange Forensics and China's Reserves Foreign Exchange Forensics and China's Reserves Reviewed by Marc Chandler on October 01, 2015 Rating: 5
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Currency Rotation Lifts Dollar-Bloc, Norway and Sterling, Weighs on Euro and Yen Currency Rotation Lifts Dollar-Bloc, Norway and Sterling, Weighs on Euro and Yen Reviewed by Marc Chandler on October 01, 2015 Rating: 5
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