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Standpat FOMC Trumped by US Political Jitters

November 02, 2016
The single biggest driver in the capital markets is the continued narrowing of the US election polls.  The prospect of a Trump presidency and the dramatic changes that could entail is rattling investors and spurring position squaring.   The dollar is broadly lower as are stocks.  The surge in global yields has been arrested.  
Even before the FBI a…
Standpat FOMC Trumped by US Political Jitters Standpat FOMC Trumped by US Political Jitters Reviewed by Marc Chandler on November 02, 2016 Rating: 5
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Navigating the Price Action--A Few Thoughts

November 01, 2016
We had anticipated the dollar would be under pressure in the first part of the week.  Today's losses are coming despite slightly wider US 2-year premiums.  Position adjusting seems to be the main factor, but it is not immediately clear if it is ahead of the ADP jobs estimate and FOMC meeting tomorrow or the US election.  Trump's support ha…
Navigating the Price Action--A Few Thoughts Navigating the Price Action--A Few Thoughts Reviewed by Marc Chandler on November 01, 2016 Rating: 5
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Great Graphic: Sentix Shows a Shift

November 01, 2016
Sentix conducts investor surveys in Europe. Usually, it is the sentiment survey that draws attention.  It will be reported next wee.  Since 2012, it has been asking specific questions about the risk that monetary union breaks up.  
The latest results show that 17.5% of investors expect the eurozone disintegrate within the next 12 months. It has ris…
Great Graphic: Sentix Shows a Shift Great Graphic:  Sentix Shows a Shift Reviewed by Marc Chandler on November 01, 2016 Rating: 5
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Dollar and Yen Slip in Quiet even if Eventful Turnover

November 01, 2016
The US dollar is posting minor losses against most of the major currencies today.  The Japanese yen is the exception, as the greenback continues to straddle JPY105.  
There have been several developments today, and the US also has a full economic calendar today.  The most important of the developments was the upbeat message from the Reserve Bank of…
Dollar and Yen Slip in Quiet even if Eventful Turnover Dollar and Yen Slip in Quiet even if Eventful Turnover Reviewed by Marc Chandler on November 01, 2016 Rating: 5
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