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Changing Fortunes in the Capital Markets or Long Overdue Correction?

February 04, 2018
The chief development in the capital markets has been the sharp drop in equities after a significant rally since late last year and the rise in yields.   The dollar had fallen alongside the exuberant appetite for risk assets.  Anecdotal evidence supports the idea that the greenback was used as a funding currency to purchase those risk assets.  The…
Changing Fortunes in the Capital Markets or Long Overdue Correction? Changing Fortunes in the Capital Markets or Long Overdue Correction? Reviewed by Marc Chandler on February 04, 2018 Rating: 5
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Dollar Correction Spurred by Sell-Off in Stocks and Bonds

February 03, 2018
The US dollar turned in its best week so far in 2018, even though the Swiss franc and euro extended their weekly advances for a fourth and seventh week, respectively.   The jump in yields and retreat in equities suggest a larger portfolio adjustment and not simply a short-covering bounce in the dollar.  The price action in the days ahead is key to…
Dollar Correction Spurred by Sell-Off in Stocks and Bonds Dollar Correction Spurred by Sell-Off in Stocks and Bonds Reviewed by Marc Chandler on February 03, 2018 Rating: 5
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Emerging Markets: What Changed

February 02, 2018
(from my colleague Dr. Win Thin)

India plans to increase spending and widen its budget deficit targets ahead of key elections.India appears to be cracking down on cryptocurrencies.South Africa’s parliament has scheduled a no- confidence vote for Zuma on February 22.Turkish central bank raised its end-2018 inflation forecast in its quarterly inflat…
Emerging Markets: What Changed Emerging Markets: What Changed Reviewed by Marc Chandler on February 02, 2018 Rating: 5
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A Note Ahead of US Jobs Report

February 02, 2018
The US dollar is sporting a firmer profile against all the major currencies after weakening yesterday.  Frequently, it seems the Australian dollar leads the other currencies, and we note that it is making a new low for the week today.  Briefly, in Europe, it slipped below its 20-day moving (~$0.7985) average for the first time since December 13.
Th…
A Note Ahead of US Jobs Report A Note Ahead of US Jobs Report Reviewed by Marc Chandler on February 02, 2018 Rating: 5
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Fed's Hawkish Hold Keeps Dollar Consolidation Intact

February 01, 2018
The Yellen Fed ended on a high note.She took over the reins the of Federal Reserve an implemented a strategic normalization process monetary policy, and helped engineer not only the first post-crisis rate hikes but also the beginning of unwinding its balance sheet.  Most reckon she has done an admirable job at the Federal Reserve, not only in term…
Fed's Hawkish Hold Keeps Dollar Consolidation Intact Fed's Hawkish Hold Keeps Dollar Consolidation Intact Reviewed by Marc Chandler on February 01, 2018 Rating: 5
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