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Talking and Fighting in the Week Ahead

August 31, 2019
Equity markets and the US dollar closed last week and August on a firm note.  Ahead of the weekend, the dollar rose to new highs for the year against the euro, Swedish krona, Norwegian krone, and the New Zealand dollar.  While the next set of US and Chinese tariffs start September 1, the market is making the most of the lull. At the same time, US…
Talking and Fighting in the Week Ahead Talking and Fighting in the Week Ahead  Reviewed by Marc Chandler on August 31, 2019 Rating: 5
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US Dollar Finishing August on Firm Note as Euro nears Two-Year Lows

August 30, 2019
Overview:  Global equities are advancing at least in part on ideas that trade tensions are easing.  China announced it would not take immediate action on the five percentage point increase in levies that the US announced strictly in response to China's retaliatory tariffs.  A lull between blows is not the same thing as de-escalation or truce. …
US Dollar Finishing August on Firm Note as Euro nears Two-Year Lows US Dollar Finishing August on Firm Note as Euro nears Two-Year Lows Reviewed by Marc Chandler on August 30, 2019 Rating: 5
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Johnson Faces Legal Challenges and Conte may be Given an Extension

August 29, 2019
Overview:  The capital markets are calm today, though there does seem to be some optimism creeping back into the market.  The Chinese yuan strengthened, snapping a ten-day slide and Italian bank shares index has risen by more than 1% for the fourth consecutive session.  The safe-haven yen and Swiss franc are softer.  In fact, the dollar is rising …
Johnson Faces Legal Challenges and Conte may be Given an Extension Johnson Faces Legal Challenges and Conte may be Given an Extension Reviewed by Marc Chandler on August 29, 2019 Rating: 5
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Optimism about Italy Creeps Back in but Sterling Heads the Opposite Way on Brexit Realities Optimism about Italy Creeps Back in but Sterling Heads the Opposite Way on Brexit Realities Reviewed by Marc Chandler on August 28, 2019 Rating: 5
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Realism Fights Back After Hope Dominated Yesterday

August 27, 2019
Overview:  Hope triumphed over realism yesterday, and realism is fighting back toward.  Asia Pacific markets, however, traded on the echo from the recovery in North America on Monday.  The MSCI Asia Pacific recouped part of yesterday's drop, led by Chinese markets.  Hong Kong was the main exception.  The enthusiasm faded by the European mornin…
Realism Fights Back After Hope Dominated Yesterday Realism Fights Back After Hope Dominated Yesterday Reviewed by Marc Chandler on August 27, 2019 Rating: 5
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Trump's "Call from China" helps Markets Recover

August 26, 2019
Overview:  The anticipated growth implications of the heightened tensions between the world's two largest economies is dominating activity at the start of the new week. These considerations that drove the 2.6% drop in the S&P 500 before the weekend is carrying over into today's activity.  The dollar was driven below JPY105 support, whi…
Trump's "Call from China" helps Markets Recover Trump's "Call from China" helps Markets Recover Reviewed by Marc Chandler on August 26, 2019 Rating: 5
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Prices: A Week in a Day

August 25, 2019
The pattern has been repeated.  The Federal Reserve, to which he appointed the Chair, and several Governors does not move as quickly as the President wants on monetary policy. He responds by escalating the trade tension, delivering the independent central bank a fait accompli.  Increasing the trade conflict succeeds where the unusual and repeated…
Prices: A Week in a Day Prices:  A Week in a Day Reviewed by Marc Chandler on August 25, 2019 Rating: 5
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The Week Ahead is not about the Week Ahead

August 24, 2019
It's the last week of August.  Several economic reports will be released in the coming days. They include the US deflator of consumer expenditures that the Federal Reserve targets, China's PMI, and the eurozone's preliminary August CPI.  It is not that the data do not matter, but investors realize the die is cast. 
They are looking fur…
The Week Ahead is not about the Week Ahead The Week Ahead is not about the Week Ahead Reviewed by Marc Chandler on August 24, 2019 Rating: 5
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Market has Second Thoughts on Magnitude of Fed Cuts Ahead of Powell

August 23, 2019
Overview:  Powell speech at Jackson Hole stands before the weekend.  Equities in Asia and Europe are finishing the week on a firm tone.  Most markets in the Asia Pacific region closed higher today, and the MSCI Asia Pacific Index snapped a four-week slide.  European bourses are edging higher, and the Dow Jones Stoxx 600 is poised to end its three-…
Market has Second Thoughts on Magnitude of Fed Cuts Ahead of Powell Market has Second Thoughts on Magnitude of Fed Cuts  Ahead of Powell Reviewed by Marc Chandler on August 23, 2019 Rating: 5
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