Edit

Greenback Marks Time Ahead of Powell

August 24, 2018
The US dollar is paring some of yesterday's gains in quiet turnover ahead of Fed Chief Powell's speech at Jackson Hole, the week's last highlight.  The euro and sterling are trading inside yesterday's ranges, which the dollar has extended its gains against the yen to reach a two-week high near JPY111.50.   News of a new Prime Minis…
Greenback Marks Time Ahead of Powell Greenback Marks Time Ahead of Powell Reviewed by Marc Chandler on August 24, 2018 Rating: 5
Edit

Merkel, European Autonomy, and the ECB

August 23, 2018
Merkel has again shown herself to be more wily than most.  While pundits, investors, and politicians anticipated she would push hard for a German to replace Draghi as ECB President when his term ends next October.  After all, it is German's turn at the helm, and its interests were ridden roughshod over by the extraordinary and prolonged moneta…
Merkel, European Autonomy, and the ECB Merkel, European Autonomy, and the ECB Reviewed by Marc Chandler on August 23, 2018 Rating: 5
Edit

Dollar Rebounds

August 23, 2018
After correcting lower since the middle of last week, and pushed faster if not further by President Trump's comments, the US dollar is rebounding against most of the major and emerging market currencies today.After an initial wobble on the back of the FOMC minutes, the greenback's recovery began in earnest.  
The minutes confirmed the high …
Dollar Rebounds Dollar Rebounds Reviewed by Marc Chandler on August 23, 2018 Rating: 5
Edit

Three Things that may Disappoint Investors

August 22, 2018
There are three areas that we suspect that many investors are vulnerable to disappointment.  NAFTA, trade talks with China, and Powell speech at Jackson Hole on Friday. 
With problems elsewhere, the Trump Administration has been playing up the likelihood of an agreement as early as today with Mexico, which would be used, apparently to deliver a fai…
Three Things that may Disappoint Investors Three Things that may Disappoint Investors Reviewed by Marc Chandler on August 22, 2018 Rating: 5
Edit

Markets Take US Political Developments in Stride

August 22, 2018
News that President Trump's personal lawyer claimed he was instructed by the candidate to commit a federal crime and, separately, his the former campaign manager was found guilty on eight counts is hardly impacting the global capital markets.  
The dollar is narrowly mixed in consolidative trading after extending the correction that began last …
Markets Take US Political Developments in Stride Markets Take US Political Developments in Stride Reviewed by Marc Chandler on August 22, 2018 Rating: 5
Subscribe to: Posts ( Atom )
Powered by Blogger.