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Greenback's Recovery has more Room to Run

October 27, 2019
After a three-week decline, the dollar was over-extended in our view, coming into the past week.  A correction began in recent days, and the greenback rose against the major currencies but the Canadian dollar last week.  Among emerging market currencies, Latam provided the bookends.  Ahead of today's elections (October 27), the Argentine peso …
Greenback's Recovery has more Room to Run Greenback's Recovery has more Room to Run Reviewed by Marc Chandler on October 27, 2019 Rating: 5
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Fed's Mid-Course Correction to be Challenged while ECB Resumes Bond Purchases Fed's Mid-Course Correction to be Challenged while ECB Resumes Bond Purchases Reviewed by Marc Chandler on October 26, 2019 Rating: 5
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Limping into the Weekend both Fighting and Talking

October 25, 2019
Overview: Amazon and Intel earnings offered conflicting impulses for Asia Pacific equities, but Japanese, Chinese, Australian, and South Korean shares advanced. This will allow the regional MSCI benchmark to solidify its third consecutive weekly gain. Europe's Dow Jones Stoxx 600 is little changed, and it too is closing in on its third weekly …
Limping into the Weekend both Fighting and Talking Limping into the Weekend both Fighting and Talking Reviewed by Marc Chandler on October 25, 2019 Rating: 5
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Flash PMIs Disappoint Despite Negative Interest Rates

October 24, 2019
Overview: As the UK awaits the EU's decision on its request, disappointing flash PMI readings Japan, Australia, and Germany have filled the news vacuum. Sweden's Riksbank retained a hawkish tone while keeping rates on hold, and Norway's Norges Bank also stood pat. The market expects Turkey to deliver a rate cut, while the ECB meeting i…
Flash PMIs Disappoint Despite Negative Interest Rates Flash PMIs Disappoint Despite Negative Interest Rates Reviewed by Marc Chandler on October 24, 2019 Rating: 5
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Cool Video: China Still Needs to Provide more Stimulus

October 23, 2019
The IMF projects that China will expand by less than 6% in 2020, but unless China provides more stimulus, it may be difficult to achieve.  This is not only my view but also the view of Helen Qiao, the chief economist for Greater China at Bank of America.  I was on the Bloomberg set with Alix Steele and Ms. Qiao earlier today.  
The PBOC passed on a…
Cool Video: China Still Needs to Provide more Stimulus Cool Video: China Still Needs to Provide more Stimulus Reviewed by Marc Chandler on October 23, 2019 Rating: 5
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