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China Data Surprises to the Upside while Europe's Manufacturing PMI Disappoints China Data Surprises to the Upside while Europe's Manufacturing PMI Disappoints Reviewed by Marc Chandler on December 16, 2019 Rating: 5
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Look for Near-Term Dollar Recovery

December 15, 2019
The dollar extended the down move that began at the start of the month last week.  It fell against nearly all the currencies in the world but the yen and Turkish lira. However, the near-term decline may be exhausted, and a recovery is likely in the days ahead.  With interest rates low and much of the perceived event risk being alleviated, this is …
Look for Near-Term Dollar Recovery Look for Near-Term Dollar Recovery Reviewed by Marc Chandler on December 15, 2019 Rating: 5
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Central Bank Meetings and Flash PMI Reports, but It's Over except for the Shouting Central Bank Meetings and Flash PMI Reports, but It's Over except for the Shouting Reviewed by Marc Chandler on December 14, 2019 Rating: 5
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Stunning Tory Victory and US-China Trade Boosts Risk Assets

December 13, 2019
Overview: The combination of a US-China trade deal and exit polls showing the Tories securing a majority in the House of Commons boosted risk assets, sent sterling flying, and the euro sharply higher.  Separately, the Fed stepped up its efforts to make as smooth as possible funding over the turn of the year. Led by more than 2% gains in Hong Kong …
Stunning Tory Victory and US-China Trade Boosts Risk Assets Stunning Tory Victory and US-China Trade Boosts Risk Assets Reviewed by Marc Chandler on December 13, 2019 Rating: 5
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Enguard Lagarde

December 12, 2019
Overview: With the FOMC meeting delivering no surprises, attention turns to the ECB meeting as the UK goes to the polls. Lagarde will hold her first press conference as ECB president today, and it will naturally command attention. Equities are advancing today, and tech appears to be leading the way. In Asia Pacific, Taiwan and South Korea rallied …
Enguard Lagarde Enguard Lagarde Reviewed by Marc Chandler on December 12, 2019 Rating: 5
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Sterling Holds Firm Despite Tighter Poll

December 11, 2019
Overview: The capital markets continue to tread water as investors await this week's key events. The first, the FOMC meeting concludes later today. Tomorrow features the UK election, where the race appears to have tightened, and Lagarde's first ECB meeting at the helm. Global equities continue consolidating the recent gains. Asia Pacific e…
Sterling Holds Firm Despite Tighter Poll Sterling Holds Firm Despite Tighter Poll Reviewed by Marc Chandler on December 11, 2019 Rating: 5
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Is Globalization more than Tax Arbitrage? Follow the People not the Money

December 10, 2019
The use of low-tax centers by multinational companies as part of tax minimization strategies distorts measures of capital flows and direct investment, which are integral to globalization.  Last year, for example, Microsoft shifted $52.8 bln of assets from Singapore to Ireland in a few pen and computer strokes.  The Dublin-based entity, the company…
Is Globalization more than Tax Arbitrage? Follow the People not the Money Is Globalization more than Tax Arbitrage? Follow the People not the Money Reviewed by Marc Chandler on December 10, 2019 Rating: 5
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