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Cameron: Mission Accomplished

February 02, 2016
The EC draft proposals in response to the UK’s demands have been enthusiastically embraced by Prime Minister Cameron.  The wires quote Cameron as saying "I would opt in to EU membership on these good terms."  
The proposals presented by European Council President Tusk are weak on details that are still to be decided, though Cameron quickl…
Cameron: Mission Accomplished Cameron: Mission Accomplished Reviewed by Marc Chandler on February 02, 2016 Rating: 5
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Familiar Patterns Return to Capital Markets

February 02, 2016
The decline in oil and equities are lifting European bonds and Treasuries.  The US dollar is firmer against most major and emerging market currencies.  
We never put much stock in last week's seemingly euphoric speculation of a deal between Russia and OPEC to support oil prices.  As the speculation is unwound, anticipation of another large US i…
Familiar Patterns Return to Capital Markets Familiar Patterns Return to Capital Markets Reviewed by Marc Chandler on February 02, 2016 Rating: 5
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FAQ: The Why and What For of BOJ's Negative Interest Rates

February 01, 2016
The Bank of Japan surprised investors last week by introducing negative interest rates.  At the World Economic Forum in Davos a couple weeks ago, BOJ Governor Kuroda appeared to deny that such a move was under consideration.  The market's focus, like ours, was on the pace by which it was expanding its balance sheet (JPY80 trillion a year).    …
FAQ: The Why and What For of BOJ's Negative Interest Rates FAQ: The Why and What For of BOJ's Negative Interest Rates Reviewed by Marc Chandler on February 01, 2016 Rating: 5
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Emerging Market Preview: Week Ahead

February 01, 2016
(from my colleague Dr. Win Thin)
As we suspected, the current EM bounce still has some legs.  The BOJ’s surprise easing helped EM and risk end on last week on a strong note, and we expect that to carry over into this week.  Within EM, we will start to see the first readings for January.     The biggest risk perhaps is the jobs report on Friday.  S…
Emerging Market Preview: Week Ahead Emerging Market Preview: Week Ahead Reviewed by Marc Chandler on February 01, 2016 Rating: 5
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Dollar Mixed to Start the Week

February 01, 2016
Investors continue wrestling with the implications of last week's surprise rate cut by the Bank of Japan. . The yen is little changed against the dollar, near its 200-day moving average (~JPY121.50).  The euro moved from the upper end of its two-cent range last Thursday to the lower end on before the week.  The absence of follow through sellin…
Dollar Mixed to Start the Week Dollar Mixed to Start the Week Reviewed by Marc Chandler on February 01, 2016 Rating: 5
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