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The Critical Week Ahead

September 12, 2020
Many macroeconomic and geopolitical issues remain open and are unsettling.  Europe is wrestling with the Turkey-Greece dispute over territory of potentially significant value in the Mediterranean.  The trade negotiations between the UK and EU have deteriorated, and the window of opportunity for an agreement is closing quickly.  Meanwhile, the pois…
The Critical Week Ahead The Critical Week Ahead Reviewed by Marc Chandler on September 12, 2020 Rating: 5
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Still Reluctant to take Euro above $1.19 but Sterling Remains Unloved

September 11, 2020
Overview:  Yesterday's roller-coaster price action has not had much impact on today's activity.  The slide in US equities after early gains failed to prevent Japanese, Chinese, and Hong Kong equities from advancing, though other markets in the region were not as resilient.  It is the first back-to-back weekly loss of the MSCI Asia Pacific …
Still Reluctant to take Euro above $1.19 but Sterling Remains Unloved Still Reluctant to take Euro above $1.19 but Sterling Remains Unloved Reviewed by Marc Chandler on September 11, 2020 Rating: 5
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ECB and Beyond

September 10, 2020
Overview:  A strong recovery in US stocks, a softer dollar, and higher gold and oil prices may signal the end of the brief though dramatic correction, but the market is in a bit of a holding pattern ahead of the ECB meeting.  Most of the major equity markets in the Asia Pacific region stabilized, except for Hong Kong and China.  Indonesia's pl…
ECB and Beyond ECB and Beyond Reviewed by Marc Chandler on September 10, 2020 Rating: 5
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Investor Anxiety Continues to Run High Despite Some Stability in the Capital Markets Investor Anxiety Continues to Run High Despite Some Stability in the Capital Markets Reviewed by Marc Chandler on September 09, 2020 Rating: 5
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US Threats to Decouple from China and the Greenback Strengthens

September 08, 2020
Overview:  The markets remain on edge.  US-China tensions are escalating.  Strained Brexit talks are set to resume today.  Profit-taking in the tech space has continued.  The ECB meeting is around the corner.  The MSCI Asia Pacific Index snapped a three-day slide today with most markets moving higher, led by a 1% gain in Australia.  European bours…
US Threats to Decouple from China and the Greenback Strengthens US Threats to Decouple from China and the Greenback Strengthens Reviewed by Marc Chandler on September 08, 2020 Rating: 5
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Markets Look for Direction, while Nord Stream II and SMIC are in the Cross-Hairs Markets Look for Direction, while Nord Stream II and SMIC are in the Cross-Hairs Reviewed by Marc Chandler on September 07, 2020 Rating: 5
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Dollar Sits on the Precipice

September 06, 2020
The dollar began last week with a drubbing.  The euro briefly pushed above $1.20, and the Australian dollar inched through $0.7400.  Sterling neared $1.35, and the greenback slipped below CAD1.30 for the first time since January.  However, profit-taking by momentum traders turned into a rout as some ECB officials seemed to push back, and the green…
Dollar Sits on the Precipice Dollar Sits on the Precipice Reviewed by Marc Chandler on September 06, 2020 Rating: 5
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The Race is Afoot? Over to the ECB

September 05, 2020
The Federal Reserve's adoption of an average inflation target pushed on a door in the foreign exchange market that was already open.  The dollar had been trending lower since the end of March and, as of the end of August, was down against all the major currencies this year, save the New Zealand and Canadian dollars.
The real broad trade-weighte…
The Race is Afoot? Over to the ECB The Race is Afoot?  Over to the ECB Reviewed by Marc Chandler on September 05, 2020 Rating: 5
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