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Portfolio Re-Balancing and the Dollar

September 20, 2018
Boosted by tax reform, deregulation, and strong earnings growth, US equities have motored ahead, leaving other benchmarks far behind.  As the Great Graphic here shows, most of the other benchmarks are lower on the year.  The S&P 500 (yellow line) is up 8.8% for the year before the new record highs seeing seen now,  while the Dow Jones Stoxx 60…
Portfolio Re-Balancing and the Dollar Portfolio Re-Balancing and the Dollar Reviewed by Marc Chandler on September 20, 2018 Rating: 5
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Movement but Little Change

September 20, 2018
Norges Bank:  As widely expected, Norway hiked rate for the first time since 2011.  Paradoxically, it was seen as a dovish hike.  The rate path was lower than many expected.  The next hike is seen in Q1 2019.   The krone was sold, and it is the only major currency that is not gaining against the US dollar today.    With the dollar near NOK8.21, th…
Movement but Little Change Movement but Little Change Reviewed by Marc Chandler on September 20, 2018 Rating: 5
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Dollar Trades Heavily as Emerging Markets Follow China

September 19, 2018
One would not have a clue looking at global equities that there has been a sharp escalation in trade tensions in the past 36 hours.  As was well tipped the US imposed a 10% tariff on $200 bln of Chinese goods and indicated that the tariff will rise to 25% at the start of next year.   President  Trump also threatened to quickly follow up with anoth…
Dollar Trades Heavily as Emerging Markets Follow China Dollar Trades Heavily as Emerging Markets Follow China Reviewed by Marc Chandler on September 19, 2018 Rating: 5
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Bannockburn Global Adds Leading Currency Strategist in Marc Chandler

September 17, 2018
Bannockburn Global Forex, LLC 312 Walnut Street, Suite 3580 Cincinnati, OH 45202 Contact:  Mark R. Wendling (513) 386-7400                         Mark.Wendling@bbgfx.com
FOR IMMEDIATE RELEASE
September 17, 2018
Bannockburn Global Adds Leading Currency Strategist in Marc Chandler
CINCINNATTI, OH - Bannockburn Global Forex, LLC, a foreign exchange solution…
Bannockburn Global Adds Leading Currency Strategist in Marc Chandler Bannockburn Global Adds Leading Currency Strategist in Marc Chandler Reviewed by Marc Chandler on September 17, 2018 Rating: 5
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Dollar Slips, though Emerging Markets Trade Heavily

September 17, 2018
The US dollar is beginning the new week on a soft note, as China threatens not to accept the invitation for trade talks in Washington if the US imposes new tariffs on $200 bln of its goods, which the Wall Street Journal reports could come as early as today.   Meanwhile, the MSCI Emerging Markets Index is giving back half of the 2.5% rally seen in …
Dollar Slips, though Emerging Markets Trade Heavily Dollar Slips, though Emerging Markets Trade Heavily Reviewed by Marc Chandler on September 17, 2018 Rating: 5
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Emerging Markets: Preview of the Week Ahead

September 16, 2018
(from my colleague Dr. Win Thin)
EM FX ended mixed in Friday, capping off an up and down week.  RUB and TRY initially firmed on their respective rate hikes but gave back some of those gains heading into the weekend.  Trade tensions are likely to remain high, as press reports suggest President Trump is pushing ahead with tariffs on $200 bln of Chin…
Emerging Markets: Preview of the Week Ahead Emerging Markets: Preview of the Week Ahead Reviewed by Marc Chandler on September 16, 2018 Rating: 5
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Dollar Pullbacks Remain Shallow as Rate Differentials Widen

September 16, 2018
The trajectory of monetary policy in the  US and Europe has been fairly clear.  There is practically no doubt that the Fed will hike rates on September 26.  Despite softer than expected PPI and CPI figures, the market has become more confident of another move in December.   The Federal Reserve's balance sheet unwind reaches its maximum velocit…
Dollar Pullbacks Remain Shallow as Rate Differentials Widen Dollar Pullbacks Remain Shallow as Rate Differentials Widen Reviewed by Marc Chandler on September 16, 2018 Rating: 5
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