Edit

Brexit to the West and Polexit to the East?

December 19, 2017
There is not much the EU could have done to keep the UK in its club.  Former Prime Minister Cameron sought some concessions, but the importance assigned to immigration and regaining sovereignty by the Brexit camp and British media meant that there was no politically realistic concession that the EU could have made to appease those favoring to leav…
Brexit to the West and Polexit to the East? Brexit to the West and Polexit to the East? Reviewed by Marc Chandler on December 19, 2017 Rating: 5
Edit

US Equities Set Pace, While Greenback Consolidates Inside Monday's Ranges

December 19, 2017
US tax changes appear to be providing fuel for the year-end advance that has carried the major indices to new record highs.  The coattails are a bit short, and while global equity markets are firm, they are unable to match the strength of US.   Despite a heavier tone in Japan, Taiwan, and Korea, the MSCI Asia Pacific Index edged higher for the sec…
US Equities Set Pace, While Greenback Consolidates Inside Monday's Ranges US Equities Set Pace, While Greenback Consolidates Inside Monday's Ranges Reviewed by Marc Chandler on December 19, 2017 Rating: 5
Edit

Great Graphic: Sterling Toys with Three-Year Downtrend Line

December 18, 2017
Sterling has trended higher against the dollar this year, and after the euro (and its Danish shadow), sterling is the strongest of the majors, with an 8.5% gain against the greenback.The gains have brought to to the trend line dawn off the mid-2014 high (a little below $1.72), the referendum high (~$1.50) and September 2017 high (~$1.3660).  Depen…
Great Graphic: Sterling Toys with Three-Year Downtrend Line Great Graphic: Sterling Toys with Three-Year Downtrend Line Reviewed by Marc Chandler on December 18, 2017 Rating: 5
Edit

Trade Tensions with China Set to Escalate

December 18, 2017
The two main legislative initiatives in the US this year, the repeal of the Affordable Care Act and the tax changes, are not particularly popular.  However, the next items on the agenda appear to enjoy broader support.  The infrastructure initiative is likely to be unveiled as early as next month.  Before that, the US is poised to ratchet up the t…
Trade Tensions with China Set to Escalate Trade Tensions with China Set to Escalate Reviewed by Marc Chandler on December 18, 2017 Rating: 5
Edit

Emerging Market Preview: Week Ahead

December 18, 2017
(from my colleague Dr. Win Thin).
EM FX was mixed last week, with political optimism driving the big winners ZAR and CLP.  We remain cautious, as the Fed has signaled its intent to continue tightening in 2018. 
Brazil reports October monthly GDP proxy Monday, which is expected to rise 2.8% y/y vs. 1.3% in September. Brazil then reports November cur…
Emerging Market Preview: Week Ahead Emerging Market Preview: Week Ahead Reviewed by Marc Chandler on December 18, 2017 Rating: 5
Edit

Policy Mix Underlines Positive Fundamental Backdrop for the Dollar

December 17, 2017
The prospects that the Republican-controlled legislative branch would find a compromise to tax cuts were enhanced when a few senators appeared to capitulate without much to show for it may have helped lift US stocks and dollar ahead of the weekend.  Each chamber must now approve the reconciliation measure, which does not look particularly like eit…
Policy Mix Underlines Positive Fundamental Backdrop for the Dollar Policy Mix Underlines Positive Fundamental Backdrop for the Dollar Reviewed by Marc Chandler on December 17, 2017 Rating: 5
Edit

Dollar Recoups FOMC-Sparked Losses

December 16, 2017
The US dollar turned in a mixed performance last week, but the gains before the weekend, perhaps partly in anticipation of a tax bill, helped it finish well.   Still, in the face of the Fed's rate hike, the continued signal of three more in 2018, underscores the frustration for dollar bulls.  Nor did the yawning premium required to secure doll…
Dollar Recoups FOMC-Sparked Losses Dollar Recoups FOMC-Sparked Losses Reviewed by Marc Chandler on December 16, 2017 Rating: 5
Subscribe to: Posts ( Atom )
Powered by Blogger.