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Great Graphic: Low Wages in US Rising

August 29, 2016
This Great Graphic comes from the Wall Street Journal.  It shows what is happening to the pay of the least compensated in the US.  Their pay is going up at a pace that is exceeding the averages and inflation.

The data is from Q2 16.  Weekly wages for full-time employees in the 25th percentile, earning about $13 an hour, are up about 3.1% from a yea…
Great Graphic: Low Wages in US Rising Great Graphic:  Low Wages in US Rising Reviewed by Marc Chandler on August 29, 2016 Rating: 5
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Dollar Gains Extended, but Momentum Fades

August 29, 2016
The US dollar staged a strong pre-weekend rally on hints that the Fed will raise rates before the end of the year.  There was initially follow through dollar buying in Asia before a more stable tone emerged in Europe, where London markets are closed for a bank holiday.  The easing of the dollar’s upside momentum may set the stage for a bout of pro…
Dollar Gains Extended, but Momentum Fades Dollar Gains Extended, but Momentum Fades Reviewed by Marc Chandler on August 29, 2016 Rating: 5
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Emerging Markets: Preview of the Week Ahead

August 28, 2016
(From my colleague, Dr. Win Thin)

EM ended last week on a soft note, as Fed tightening expectations ratcheted up.  The December Fed funds futures contract has an implied yield of 0.5%,the highest since June 2.  Note that on June 3, US rates plunged after the May jobs shocker (+38k).  If the hawkish Fed storyline can be maintained, then EM will have…
Emerging Markets: Preview of the Week Ahead Emerging Markets:  Preview of the Week Ahead Reviewed by Marc Chandler on August 28, 2016 Rating: 5
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Yellen Pushes Divergence Front and Center

August 28, 2016
With 17 simple words and the help of clarification from her deputy, Yellen changed the near-term dynamics in the capital markets. By saying that "...I believe that case for an increase in the federal funds rate has strengthened in recent months," Yellen placed her marker down.
Yet the market was initially confused. It thought the Chair wa…
Yellen Pushes Divergence Front and Center Yellen Pushes Divergence Front and Center Reviewed by Marc Chandler on August 28, 2016 Rating: 5
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Currency Speculators Went Fishing

August 27, 2016
The summer lull for speculators in the currency futures market continued in the CFTC reporting week ending August 23.  Of the 16 gross currency futures positions we track, speculator adjustments were less than 3k contracts in all but three.
The bears added to their gross short sterling position for the eighth consecutive week.  The seven hundred c…
Currency Speculators Went Fishing Currency Speculators Went Fishing Reviewed by Marc Chandler on August 27, 2016 Rating: 5
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