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Hope Burns Eternal

December 09, 2020
Overview:  The market is hopeful today.  The Johnson-von der Leyen dinner is seen as evidence that both sides see one more opportunity, and sterling is among the strongest currencies today.  Hopes of a $900 bln+ fiscal stimulus package in the US helped stir animal spirits and lift US stocks to record highs yesterday.  Nearly all the Asia Pacific e…
Hope Burns Eternal Hope Burns Eternal Reviewed by Marc Chandler on December 09, 2020 Rating: 5
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Consolidative Moment as Markets Wait for Fresh Developments

December 08, 2020
Overview:  Three brinkmanship dramas continue to play out.  The UK-EU trade talks have reportedly made little progress and may have even moved backward, according to some reports, over the past two days.  The EU and Poland, and Hungary will be butting heads at the leaders' summit that begins Thursday.  The US federal spending authorization is …
Consolidative Moment as Markets Wait for Fresh Developments Consolidative Moment as Markets Wait for Fresh Developments Reviewed by Marc Chandler on December 08, 2020 Rating: 5
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Holy Mackerel Will UK-EU Talks Really Flounder?

December 07, 2020
Overview:  Optimists see the belabored talk between the UK and EU as providing for a dramatic climax of a deal, while the pessimists warn that the divergence is real.  Sterling opened three-quarters of a cent lower in early turnover and is now off around two cents.  This, coupled with new US sanctions on Chinese officials, is helping spur a larger…
Holy Mackerel Will UK-EU Talks Really Flounder? Holy Mackerel Will UK-EU Talks Really Flounder? Reviewed by Marc Chandler on December 07, 2020 Rating: 5
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The Dollar Breaks but it is Not Broken

December 06, 2020
The dollar's decline accelerated and broadened last week.  It convincingly broke out of its recent ranges.  Tactically, we did not expect the sustained break ahead of the December 10 ECB meeting, where the central bank that does not pre-commit pre-committed to easing policy.  The recent string of economic data suggests that while the US activi…
The Dollar Breaks but it is Not Broken The Dollar Breaks but it is Not Broken Reviewed by Marc Chandler on December 06, 2020 Rating: 5
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It may be a Weak Dollar Story, but Europe is Center Stage in the Week Ahead

December 05, 2020
Europe is center stage in the week ahead.  It is not as if there are not other important events or economic data due out.  After all, the US reports both the consumer and producer price indices, as does China, along with its reserves, trade, and lending figures. However, for investors, the events in Europe may overshadow them.  The European Centra…
It may be a Weak Dollar Story, but Europe is Center Stage in the Week Ahead It may be a Weak Dollar Story, but Europe is Center Stage in the Week Ahead Reviewed by Marc Chandler on December 05, 2020 Rating: 5
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