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Emerging Markets: Preview of the Week Ahead

February 26, 2017
(from my colleague Dr. Win Thin)

EM FX ended last week on a soft note despite lower US rates.  The dollar regained some traction that it lost over the course of the week, when markets pushed out Fed tightening beyond March.  Treasury Secretary Mnuchin also seemed to push out fiscal stimulus.  There is a full slate of Fed speakers this week, and We…
Emerging Markets: Preview of the Week Ahead Emerging Markets: Preview of the Week Ahead Reviewed by Marc Chandler on February 26, 2017 Rating: 5
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Macroeconomics and Psychology

February 26, 2017
There is a broad consensus around the macroeconomic picture. The headwinds slowing the US economy in H1 16 have eased, and above trend growth in H2 16 appears to be carrying into 2017.  Q4 16 GDP is expected to be revised to 2.1% up from 1.8%.  Many economists appear to accept that a good part, though not all, of the decline in the estimated trend…
Macroeconomics and Psychology Macroeconomics and Psychology Reviewed by Marc Chandler on February 26, 2017 Rating: 5
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Speculators Grow Net Long Dollar-Bloc Currency Futures, while Bears Jump on Short Euro Speculators Grow Net Long Dollar-Bloc Currency Futures, while Bears Jump on Short Euro Reviewed by Marc Chandler on February 25, 2017 Rating: 5
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Ranges Dominate in FX: Respect the Price Action

February 25, 2017
It is difficult right now to talk about the foreign exchange market using the dollar as the numeraire. The dollar was stronger against most of the major currencies last week, but not the yen or sterling.  The Dollar Index itself was little changed, rising less than 0.15%.
When everything was said and done more was said than done. The FOMC minutes a…
Ranges Dominate in FX: Respect the Price Action Ranges Dominate in FX: Respect the Price Action Reviewed by Marc Chandler on February 25, 2017 Rating: 5
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Emerging Markets: What has Changed

February 24, 2017
(from my colleague Dr. Win Thin)


PBOC tweaked its process for determining the yuan reference rate.Singapore is reportedly studying measures to boost revenue, including higher taxes.Moody’s upgraded the outlook on Russia’s Ba1 rating from negative to stable.Nigerian President Buhari extended his stay abroad.Nigerian central bank tweaked its FX restr…
Emerging Markets: What has Changed Emerging Markets: What has Changed Reviewed by Marc Chandler on February 24, 2017 Rating: 5
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