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Equities and Bonds Jump While the Dollar Slumps

November 07, 2018
Overview: The dollar has fallen against nearly every currency.  It had been moving lower at the start of the week, but what seems like a correction broadened and deepened following the US midterm election.  The outcome was largely in line with expectations for the Republicans to hold the Senate and the Democrats to take a majority of the House for…
Equities and Bonds Jump While the Dollar Slumps Equities and Bonds Jump While the Dollar Slumps Reviewed by Marc Chandler on November 07, 2018 Rating: 5
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US Goes to the Polls

November 06, 2018
Overview: The US dollar is narrowly mixed against the major currencies today, largely consolidating its recent losses. Equities are mixed.  In Asia, Japan, Australia, and Hong Kong equities gained around 1%, while most other bourses were softer.  In Europe, the Dow Jones Stoxx 600 is little changed in late morning turnover.  Ten-year benchmark yie…
US Goes to the Polls US Goes to the Polls Reviewed by Marc Chandler on November 06, 2018 Rating: 5
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Talking Turkey

November 05, 2018
Turkey’s economic challenges arise from the imbalances created during the economic boom that saw poverty halved between 2002 and 2011, extensive urbanization, and integration in the world economy through trade and capital flows.  The dramatic economic changes saw the rise of Erdogan, who was re-elected as President for a second term in June.  His …
Talking Turkey Talking Turkey Reviewed by Marc Chandler on November 05, 2018 Rating: 5
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Euro and Yen Outlook

November 05, 2018
Broadly speaking,  the risk is that the dollar's cyclical advance is not complete.  The drivers will likely remain in place through at least the middle of next year.  Additional gradual interest rate hikes by the Federal Reserve and a favorable policy mix underpin the dollar.  The Federal Reserve projects four rate hikes between now and the en…
Euro and Yen Outlook Euro and Yen Outlook Reviewed by Marc Chandler on November 05, 2018 Rating: 5
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Risk Returns

November 05, 2018
Overview:  Cynicism over the prospects of a resolution to US-Chinese trade tensions and a break-through in UK-EC Brexit talks appears to be injecting a more cautious tone to the capital markets.  The recovery in equities has stalled.  The MSCI Asia Pacific benchmark halted a four-day rally, and the Dow Jones Stoxx 600 Index is off marginally today…
Risk Returns Risk Returns Reviewed by Marc Chandler on November 05, 2018 Rating: 5
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Stocks, Trade, and the Fed in the Week Ahead

November 04, 2018
Last month's downdraft in equities spooked investors.  The fear that is often expressed is that the end of the business cycle may coincide with the end of a credit cycle and a return to 2008-2009 crisis.  It seems like an increasing number of economists agree with the sentiment expressed by President Trump that the Fed is too aggressive.  Of …
Stocks, Trade, and the Fed in the Week Ahead Stocks, Trade, and the Fed in the Week Ahead Reviewed by Marc Chandler on November 04, 2018 Rating: 5
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Uneven Dollar Correction may Continue

November 03, 2018
The US dollar turned in a mixed performance last week.  Favorable economic data and a recovery in equities helped the Antipodean currencies advance the most.  The New Zealand dollar rallied nearly 2%, and the Australian dollar gained 1.5% on the week. Their central banks meet next week, but there is little chance of a change in policies.  Hopes o…
Uneven Dollar Correction may Continue Uneven Dollar Correction may Continue Reviewed by Marc Chandler on November 03, 2018 Rating: 5
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Greenback is Unable to Recover Ahead of Jobs Report

November 02, 2018
Overview:  The markets have taken an important step away from the edge.  A major threat to investors emanated from the US as the "America First" agenda meant trade tensions with nearly every country.  Trump signaled yesterday progress in talks with China, and today the press reports that Trump has instructed his cabinet to draw up a pote…
Greenback is Unable to Recover Ahead of Jobs Report Greenback is Unable to Recover Ahead of Jobs Report Reviewed by Marc Chandler on November 02, 2018 Rating: 5
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Dollar Slumps to Start New Month

November 01, 2018
Overview: It appears that month-end considerations deterred the dollar selling that the technical indicators warned was coming and as the new month starts, the dollar is offered.  It is weaker against all the major currencies and most of the emerging market currencies.  The two main developments include progress on the EU-UK Brexit negotiations th…
Dollar Slumps to Start New Month Dollar Slumps to Start New Month Reviewed by Marc Chandler on November 01, 2018 Rating: 5
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