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Where Do US Companies Hire Abroad?

December 19, 2016
The US economy created roughly nine million net new jobs since the start of 2009.Through organic growth and acquisition, majority-owned affiliates of US multinational companies have also expanded their employment outside the US.
It is interesting to see where US companies hire foreign workers.The Bureau of Labor Statistics tracks this, but the most…
Where Do US Companies Hire Abroad? Where Do US Companies Hire Abroad? Reviewed by Marc Chandler on December 19, 2016 Rating: 5
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Dollar Mixed, but Resilient Undertone

December 19, 2016
The holiday-mode cast a pall over trading activity.Movement has been limited. Bonds are mostly firmer and equities softer. The dollar is mixed. News has been light.
There have been two economic reports to note: The Japanese November trade figures and the German IFO survey.  
Japan's trade November surplus of JPY152.5 bln was smaller than the Oct…
Dollar Mixed, but Resilient Undertone Dollar Mixed, but Resilient Undertone Reviewed by Marc Chandler on December 19, 2016 Rating: 5
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Emerging Markets: Preview of the Week Ahead

December 18, 2016
(from my colleague Dr. Win Thin)

EM ended the weak on a soft note, as the hawkish Fed decision continued to have reverberations for global markets.  Worst performers in EM last week were CLP (-3.3%), ZAR (-2%), and KRW (-1.5%).  With little fundamental news expected this week, markets may take a more consolidative tone, especially with the holiday…
Emerging Markets: Preview of the Week Ahead Emerging Markets:  Preview of the Week Ahead Reviewed by Marc Chandler on December 18, 2016 Rating: 5
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Twas the Week Before Christmas, Amidst Powerful Trends

December 18, 2016
The capital markets have been buffeted by political developments and central bank policies.  The direct influence of high frequency data seems to have diminished in recent weeks.  With less participation in the year-end markets, this is likely to continue to be the case over the next two weeks.  

There are several powerful trends in the global capi…
Twas the Week Before Christmas, Amidst Powerful Trends Twas the Week Before Christmas, Amidst Powerful Trends Reviewed by Marc Chandler on December 18, 2016 Rating: 5
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Specs Cover Euro Shorts for Second Week and Continue to Amass Short Yen

December 17, 2016
The most powerful speculative force in the currency futures is the turn of sentiment toward the Japanese yen.   The bears added another 17.6k contracts to lift the gross short position to 125.9k contracts. It is risen in 10 of the last 11 weeks, over which time is has tripled
The gross longs peaked in early October at 102k contracts.  With the near…
Specs Cover Euro Shorts for Second Week and Continue to Amass Short Yen Specs Cover Euro Shorts for Second Week and Continue to Amass Short Yen Reviewed by Marc Chandler on December 17, 2016 Rating: 5
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Fed Lifts Dollar, but Consolidation may be on Tap

December 17, 2016
The small adjustment to Fed's anticipated path for the Fed funds target helped lift the US dollar to its highest level against the euro since 2003, and to ten-month highs against the Japanese yen. Corrective pressures may emerge amid the less active events calendar, lighter participation, and the stretched technical readings.  
Although the Dol…
Fed Lifts Dollar, but Consolidation may be on Tap Fed Lifts Dollar, but Consolidation may be on Tap Reviewed by Marc Chandler on December 17, 2016 Rating: 5
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Emerging Markets: What has Changed

December 16, 2016
(from my colleague Dr. Win Thin)
China will raise the sales tax on small cars to 7.5% in 2017.New methodology used by Turkstat to measure Turkish GDP has led to significant upward revisions.Turkish authorities are growing more concerned about the weak lira.Fitch moved the outlook on Chile.Chile’s central bank shifted to an expansionary policy bias.
Emerging Markets: What has Changed Emerging Markets: What has Changed Reviewed by Marc Chandler on December 16, 2016 Rating: 5
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Markets Turn Quiet Ahead of the Weekend, Dollar Consolidates Gains

December 16, 2016
Some mild position squaring pressures are evident ahead of the weekend, and for many market participants the year is coming to an end. Outside of the BOJ meeting next week, the calendar turns light and markets are moving into holiday mode.  
The Dollar Index is seeing this week's gains trimmed, but it is up nearly 1.4% this week.  Although the …
Markets Turn Quiet Ahead of the Weekend, Dollar Consolidates Gains Markets Turn Quiet Ahead of the Weekend, Dollar Consolidates Gains Reviewed by Marc Chandler on December 16, 2016 Rating: 5
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Cool Video: Big Picture Dollar Outlook

December 15, 2016
I had the privilege of joining Scarlet Fu and Joe Wisenthal on the set of What'd You Miss on Bloomberg TV yesterday afternoon. It was within a couple of hours of the second Fed rate hike in a decade.   The dollar rallied. 
I was surprised by the changed forecasts.  The median forecast, which is not the same thing as the Fed view, edged about 25…
Cool Video: Big Picture Dollar Outlook Cool Video:  Big Picture Dollar Outlook Reviewed by Marc Chandler on December 15, 2016 Rating: 5
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