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Quiet Start to Big Week

June 17, 2019
Overview:  The global capital markets are off to a subdued start to what promises to be a busy week, featuring the FOMC, BOE, BOJ meetings, and the flash June PMIs.  Investors also expect some signal whether Presidents Trump and Xi will at the G20 meeting later this month.  Asian equities were narrowly mixed.  Hong Kong's Hang Seng gained 0.4%…
Quiet Start to Big Week Quiet Start to Big Week Reviewed by Marc Chandler on June 17, 2019 Rating: 5
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USD Resilience in the Face of Aggressive Fed Easing Expectations

June 16, 2019
News that despite the disappointing jobs growth and weaker earnings growth, the engine of the US economy--consumers--remain resilient helped lift the dollar, which retraced most if not all of the previous week's losses.  The dollar rose against all the major and most of the emerging market currencies.  The Mexican peso was the best-performing …
USD Resilience in the Face of Aggressive Fed Easing Expectations USD Resilience in the Face of Aggressive Fed Easing Expectations Reviewed by Marc Chandler on June 16, 2019 Rating: 5
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FOMC, EMU PMI, and Pre-G20 Positioning: Crossroads and Crosswinds

June 15, 2019
The week ahead is likely to provide some clarification for investors on three fronts that have been a source of uncertainty.  The FOMC meeting, with updated forecasts, is center stage.  The credit markets are pushing the Fed to be aggressive but can be disappointed.  In the eurozone, the preliminary PMI may confirm a modest, even if uneven recover…
FOMC, EMU PMI, and Pre-G20 Positioning: Crossroads and Crosswinds FOMC, EMU PMI, and Pre-G20 Positioning:  Crossroads and Crosswinds Reviewed by Marc Chandler on June 15, 2019 Rating: 5
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Waning Risk Appetite Going into the Weekend

June 14, 2019
Overview:  Worries about an escalation in the Gulf following US accusations that Iran was behind yesterday's two attacks and weaker growth impulses, while trade tensions remain high, are dampening risk appetites ahead of the weekend.  Equities are lower.  Nearly all the stock markets in the Asia Pacific region fell today with Japan and Austral…
Waning Risk Appetite Going into the Weekend Waning Risk Appetite Going into the Weekend Reviewed by Marc Chandler on June 14, 2019 Rating: 5
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Financial Statecraft or Whack-a-Mole

June 13, 2019
Overview: After roiling the markets by threatening escalating tariffs on Mexico, US President Trump has threatened China that if Xi does not meet him and return to the positions that the US claims it had previously, he will through on imposing tariffs to the remaining goods the US buys from China that have not already been penalized.  Yesterday as…
Financial Statecraft or Whack-a-Mole Financial Statecraft or Whack-a-Mole Reviewed by Marc Chandler on June 13, 2019 Rating: 5
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