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Sterling's Resilience Stands Out

October 04, 2020
A week ago, the dollar's technical condition suggested there was potential for one more push higher in the correction that began on September 1.  However, instead, the dollar fell against all the major currencies and many emerging market currencies as well.  The JP Morgan Emerging Market Currency Index rose by a little more than 0.5%.   The …
Sterling's Resilience Stands Out Sterling's Resilience Stands Out Reviewed by Marc Chandler on October 04, 2020 Rating: 5
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Macro: The Policy Mix and the Quad

October 03, 2020
The pandemic has synchronized the global economic cycle.  Whether one was expanding in Q4 19 or Q20, or contracting, like Mexico and Japan, nearly every country experienced a dramatic loss of output followed by what appears to have been a sharp recovery in Q3.  The magnitude of the recovery is of interest to investors, but they are looking ahead a…
Macro: The Policy Mix and the Quad Macro:  The Policy Mix and the Quad Reviewed by Marc Chandler on October 03, 2020 Rating: 5
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POTUS Infected: Is this the October Surprise?

October 02, 2020
Overview:  Before a US election, there is often speculation of a last-minute game-changing development.  News earlier today that the US President and his wife have tested positive for the Covid virus has injected a new unknown into not only the US election but the markets as well.   Many centers in Asia (China, HK, Taiwan, South Korea, and India) …
POTUS Infected: Is this the October Surprise? POTUS Infected:  Is this the October Surprise? Reviewed by Marc Chandler on October 02, 2020 Rating: 5
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October Monthly

October 01, 2020
After falling in July and August, the US dollar strengthened against most of the major currencies in September.  The dramatic pullback in equities seemed to have undergirded the yen's resilience, which gained a net 0.25% against the dollar.  However, the dollar's broadly firmer tone appears corrective and consolidative in nature and coinc…
October Monthly October Monthly Reviewed by Marc Chandler on October 01, 2020 Rating: 5
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Hope Springs Eternal

October 01, 2020
Overview:  Speculation that a new round of fiscal stimulus from the US is possible is encouraging risk-taking today.  Many large Asian centers were closed for holidays today, and a technical problem prevented the Tokyo Stock Exchange from opening.  Nevertheless, the markets that were open rose by 1% or more, including Australia and India.  Europe&…
Hope Springs Eternal Hope Springs Eternal Reviewed by Marc Chandler on October 01, 2020 Rating: 5
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