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Sterling Sold on Negotiating Snafu, Aussie Bounces on Retail Sales and RBA

December 05, 2017
The US dollar is confined to narrow ranges against the euro and yen, straddling unchanged levels in the Asian session and the European morning.   The action in elsewhere. 
The British pound is the weakest of the majors, paring 0.4% against the greenback, though around $1.3425, it can hardly be considered weak.  A month ago, sterling was a few cent…
Sterling Sold on Negotiating Snafu, Aussie Bounces on Retail Sales and RBA Sterling Sold on Negotiating Snafu, Aussie Bounces on Retail Sales and RBA Reviewed by Marc Chandler on December 05, 2017 Rating: 5
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Cyber-Monday: Venezuela, UK, CME/CBOE

December 04, 2017
While investors are musing about the final form the US tax changes and the Brexit negotiations, cyber-currency interest has been bolstered by Venezuela's announcement over the weekend.  President Maduro said that Venezuela would issue a digital currency.  It could be the first sovereign to do so, which would seem to undermine the decentralized…
Cyber-Monday: Venezuela, UK, CME/CBOE Cyber-Monday: Venezuela, UK, CME/CBOE Reviewed by Marc Chandler on December 04, 2017 Rating: 5
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US Dollar Marked Higher After Senate Passes Tax Reform

December 04, 2017
The US dollar opened higher in Asia and retained those gains through the European morning.  The greenback has recouped most of the pre-weekend losses recorded in the wake of the indictment of a fourth former Trump Administration official by the special investigation into Russia's involvement in last year's election. 
However, two weekend de…
US Dollar Marked Higher After Senate Passes Tax Reform US Dollar Marked Higher After Senate Passes Tax Reform Reviewed by Marc Chandler on December 04, 2017 Rating: 5
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Emerging Markets: Preview of the Week Ahead

December 03, 2017
(from my colleague Dr. Win Thin)
EM FX ended the week on a mixed note.  US jobs data may refocus market attention on Fed tightening.  Most EM inflation readings this week are expected to show easing price pressures, supporting a dovish EM central bank outlook.  The major exceptions are Mexico and Turkey, whose central banks may be forced to tighte…
Emerging Markets: Preview of the Week Ahead Emerging Markets: Preview of the Week Ahead Reviewed by Marc Chandler on December 03, 2017 Rating: 5
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Politics may Continue to Overshadow Economics

December 03, 2017
The new monthly cycle of high frequency economic data has begun. The manufacturing PMI shows the synchronized global recovery is continuing.  The service sector and composite PMI will be reported in the week ahead.  They are unlikely altering the general expectation for robust growth in Q4.  
Even the disappointing US auto sales  (17.35 mln seasona…
Politics may Continue to Overshadow Economics Politics may Continue to Overshadow Economics Reviewed by Marc Chandler on December 03, 2017 Rating: 5
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