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Markets Becalmed in Wait-and-See Mode

December 27, 2016
As skeleton teams return to the trading desks in New York, the US dollar is largely where they left it at the end last week.  Japanese markets were open yesterday, while UK, Australia, New Zealand, Hong Kong and Canadian markets are still closed today. The Australian and New Zealand dollars are up about 0.2% from before the weekend.Sterling is tra…
Markets Becalmed in Wait-and-See Mode Markets Becalmed in Wait-and-See Mode Reviewed by Marc Chandler on December 27, 2016 Rating: 5
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Outlook 2017: Politics to Eclipse Economics

December 26, 2016
Investors are familiar with a broad set of macroeconomic variables that often drive asset prices.  Many are familiar with corporate balance sheets, price-earning ratios, free cash flow, Q-ratio, and the like.   
However, political factors are more difficult for investors to integrate into their analysis. Therein lies the main challenge in the year …
Outlook 2017: Politics to Eclipse Economics Outlook 2017:   Politics to Eclipse Economics Reviewed by Marc Chandler on December 26, 2016 Rating: 5
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Emerging Market Preview for the Week Ahead

December 25, 2016
(from my colleague Dr. Win Thin)

EM gained some limited traction as last week ended.  However, renewed concerns about China could limit this bounce as President Xi signaled the possibility that growth could fall below the government’s 6.5% target.  China PMI readings out this coming weekend will be the first snapshot of December.  Markets are likel…
Emerging Market Preview for the Week Ahead Emerging Market Preview for the Week Ahead Reviewed by Marc Chandler on December 25, 2016 Rating: 5
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Contract Roll may Have Elevated Position Adjustments

December 25, 2016
The expiry of the December currency futures may spurred more than normal speculative position adjusting.  The out-sized 27.9k contract jump in the speculative gross long Swiss franc futures position is a prime example.  It was more than enough to swing the net speculative position back to long (7.1k contracts).  If our understanding it correct, it…
Contract Roll may Have Elevated Position Adjustments Contract Roll may Have Elevated Position Adjustments Reviewed by Marc Chandler on December 25, 2016 Rating: 5
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