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Where is the Anxiety Ahead European Political Risk on March 4?

February 27, 2018
Among the biggest political risk of the year is at hand.  The results of the SPD vote on whether to join another grand coalition and the national election of Italy are due Sunday.   The market is unusually calm about it.

The euro is trading sideways, a couple cents below the multi-year high set two weeks ago near $1.2550.  Speculators in the fu…
Where is the Anxiety Ahead European Political Risk on March 4? Where is the Anxiety Ahead European Political Risk on March 4? Reviewed by Marc Chandler on February 27, 2018 Rating: 5
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Markets Tread Water; Powell is Awaited

February 27, 2018
The capital markets seem unusually subdued.  The US dollar is mostly slightly firmer, except against the euro and Swiss franc among the majors.  The MSCI Asia Pacific Index managed to eke out a small gain (0.2%), for a third advancing session, without the help of China, Taiwan, Korea or India.  
It was really a Japanese story.  The Nikkei rallied 1…
Markets Tread Water; Powell is Awaited Markets Tread Water; Powell is Awaited Reviewed by Marc Chandler on February 27, 2018 Rating: 5
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Venezuela's Cryptocurrency is a Desperate Gimmick

February 26, 2018
(from my colleague Dr. Win Thin)

INTRODUCTION
Venezuela has issued the world’s first sovereign cryptocurrency.  We think this is just a gimmick that cashes in on the current crypto craze, aims to circumvent existing sanctions, and avoids addressing the nation’s deep structural problems. 

INVESTMENT OUTLOOK
Venezuela launched an oil-backed cryptocurr…
Venezuela's Cryptocurrency is a Desperate Gimmick Venezuela's Cryptocurrency is a Desperate Gimmick Reviewed by Marc Chandler on February 26, 2018 Rating: 5
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Great Graphic: Has Position Adjustment Begun in Treasury Futures? Great Graphic: Has Position Adjustment Begun in Treasury Futures? Reviewed by Marc Chandler on February 26, 2018 Rating: 5
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