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Markets Looking for Fresh Directional Cues

August 04, 2020
Overview:  Asia Pacific equities rallied after the US shares rallied with the Nasdaq reaching record highs after it and the S&P 500 gapped higher yesterday.  Japan and Hong Kong led the rally with more than 2% gains, while the Shanghai Composite lagged with about a 0.1% gain.  However, the momentum did not carry into Europe, where the Dow Jone…
Markets Looking for Fresh Directional Cues Markets Looking for Fresh Directional Cues Reviewed by Marc Chandler on August 04, 2020 Rating: 5
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August Monthly

August 03, 2020
The dollar's losses accelerated in July, and further declines are likely even if there is short-lived bounce to correct the over-extended technical condition.  We have been arguing for a year that the third significant dollar rally since the end of Bretton Woods was over, but the disruption of the global capital markets in March gave the old b…
August Monthly August Monthly Reviewed by Marc Chandler on August 03, 2020 Rating: 5
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Stronger EMU PMIs Fail to Recharge the Euro's Upside Momentum

August 03, 2020
Overview: The capital markets are decidedly mixed today as investors are pulled between rising infections, heightened tensions between the US and China, lack of progress on new US stimulus, and technical forces as the new month begins. Asia Pacific equities were mixed though the Nikkei gained more than 2%, aided by the yen's slump ahead of the…
Stronger EMU PMIs Fail to Recharge the Euro's Upside Momentum Stronger EMU PMIs Fail to Recharge the Euro's Upside Momentum Reviewed by Marc Chandler on August 03, 2020 Rating: 5
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After Being Shellacked in July, the Dollar is Poised to Correct Higher Ahead of Jobs Data After Being Shellacked in July, the Dollar is Poised to Correct Higher Ahead of Jobs Data Reviewed by Marc Chandler on August 02, 2020 Rating: 5
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Data and the Virus may Determine the Magnitude of the Dollar's Bounce

August 01, 2020
There is no reason to expect the investment climate is going to change next week.  The key drivers remain the same.  The resurgence being seen in the virus is posing a speed bump in the re-opening and recovery process.  The work of monetary and fiscal policy is not over.  The low real and nominal interest rates are encouraging risk-taking by saver…
Data and the Virus may Determine the Magnitude of the Dollar's Bounce Data and the Virus may Determine the Magnitude of the Dollar's Bounce Reviewed by Marc Chandler on August 01, 2020 Rating: 5
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