Edit

A Dog Day of Summer

August 27, 2018
Last week's dollar losses were initially extended in Asia before it came back bid.  The euro briefly poked through $1.1650 for the first time in three weeks.  However, the gains were sold into, and the euro finished the Asian session near $1.16, where there is a 782 mln euro option expiring, and  2.4 bln euros struck at $1.1625.  Even the firs…
A Dog Day of Summer A Dog Day of Summer Reviewed by Marc Chandler on August 27, 2018 Rating: 5
Edit

Emerging Markets: Week Ahead Preview

August 26, 2018
(from my colleague Dr. Win Thin)
EM FX was whipsawed last week but ended on a firm note.  We look past the noise and believe that the true signals for EM remain higher US interest rates and continued trade tensions, both of which are negative.  Turkish markets reopen after a week off.  Nothing fundamentally has changed there, and so it still poses…
Emerging Markets: Week Ahead Preview Emerging Markets: Week Ahead Preview Reviewed by Marc Chandler on August 26, 2018 Rating: 5
Edit

Macroeconomic Considerations

August 26, 2018
The force that had pushed the US 10-year Treasury yield to 3% and the dollar above JPY113 at the start of the month, and the euro to $1.13 a couple of weeks ago has dissipated.  The 10-year yield is near 2.80%.  The dollar was near two-month lows against the yen a week ago, and the euro was back toward the middle of its previous $1.15-$1.18 tradin…
Macroeconomic Considerations Macroeconomic Considerations Reviewed by Marc Chandler on August 26, 2018 Rating: 5
Edit

Dollar's Correction may have More Room to Run

August 25, 2018
As the US dollar appeared to break higher, we noted that it was overextended.  Against most of the major currencies, it was beyond its Bollinger Bands, set at two standard deviations around the 20-day moving average.  The correction that began mid-August does not appear over, implying a heavier technical bias for the dollar in the days ahead.
It lo…
Dollar's Correction may have More Room to Run Dollar's Correction may have More Room to Run Reviewed by Marc Chandler on August 25, 2018 Rating: 5
Edit

Emerging Markets: What Changed

August 24, 2018
(from my colleague Dr. Win Thin)

The PBOC will resume use of the counter-cyclical factor for the CNY fix.Thailand junta leader announced that elections are likely on February 24.Russia will issue new economic forecasts next week that will likely reflect the negative impact of sanctions.Russia central bank suspended its FX purchases through the end…
Emerging Markets: What Changed Emerging Markets: What Changed Reviewed by Marc Chandler on August 24, 2018 Rating: 5
Subscribe to: Posts ( Atom )
Powered by Blogger.