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Dollar-Bloc and Sterling Advance, while Euro and Yen Slip

January 03, 2017
The US dollar is mixed.  After a soft start in Asia, where Tokyo markets were closed, the dollar recovered smartly against the euro and yen.  The dollar-bloc and sterling are firmer.  Sterling's earlier losses were recouped following news that the manufacturing PMI jumped to 56.1, its highest since June 2014.  
Rising global yields with the US …
Dollar-Bloc and Sterling Advance, while Euro and Yen Slip Dollar-Bloc and Sterling Advance, while Euro and Yen Slip Reviewed by Marc Chandler on January 03, 2017 Rating: 5
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Emerging Market Preview: Week Ahead

January 02, 2017
(from my colleague Dr. Win Thin)

EM FX was a mixed bag over the past week.  Dollar softness vs. the majors allowed some in EM to gain traction, with ZAR and PEN the biggest gainers since Christmas.  On the other hand, ARS TRY, and INR were the biggest losers.  With markets coming back to life, we expect EM to remain broadly under pressure as the sa…
Emerging Market Preview: Week Ahead Emerging Market Preview:  Week Ahead Reviewed by Marc Chandler on January 02, 2017 Rating: 5
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What You Should Know to Start the First Week of 2017

January 02, 2017
There are four things investors should know as the New Year begins. First, it has already begun with several PMI reports already reported.  Second, in the last two week of the December, the trends that dominated Q4 were retraced to some extent.  Third, there are several economic reports due from Europe in the coming days, but the highlight will be…
What You Should Know to Start the First Week of 2017 What You Should Know to Start the First Week of 2017 Reviewed by Marc Chandler on January 02, 2017 Rating: 5
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Canadian Dollar Bulls and Aussie Bears Add Exposure into Year-End

January 02, 2017
There were five significant position adjustments by speculators in the currency futures market in the last full reporting period of the year, ending on December 27.  That many participants cut positions is not really surprising.  It is where speculators added to exposure that may be more intriguing.
Of the five significant speculative adjustments,…
Canadian Dollar Bulls and Aussie Bears Add Exposure into Year-End Canadian Dollar Bulls and Aussie Bears Add Exposure into Year-End Reviewed by Marc Chandler on January 02, 2017 Rating: 5
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Dollar Correction Poised to Continue

January 01, 2017
The technical condition of the US dollar, which has been advancing through most of the Q4 16, has been deteriorating in our assessment. This led us to anticipate a consolidative or corrective phase. Although the holiday-thinned market conditions may have spurred exaggerated price moves, like the euro ahead of the weekend, it now appears that this …
Dollar Correction Poised to Continue Dollar Correction Poised to Continue Reviewed by Marc Chandler on January 01, 2017 Rating: 5
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