Edit

Markets Becalmed

August 04, 2021
Overview:  The US 10-year yield is hovering around 1.18% in Europe, while the on-the-run JGB benchmark yield is below zero for the first time this year.  Greek and Australia's 10-year bond yields are at new six-month lows. The softer yields saw the dollar fall to two-month lows against the yen, while the Swiss franc rose to the highest level s…
Markets Becalmed Markets Becalmed Reviewed by Marc Chandler on August 04, 2021 Rating: 5
Edit

RBA Surprises

August 03, 2021
Overview: US Treasury yields were slipping, but the weaker than expected manufacturing ISM, which included the slowest rise in price paid since March, sent the 10-year yield below 1.15% and the 30-year below 1.83%.  The yen appears to be the most sensitive of the major currencies to US yields, and the drop in yields saw the dollar trade down to  J…
RBA Surprises RBA Surprises Reviewed by Marc Chandler on August 03, 2021 Rating: 5
Edit

August Monthly

August 02, 2021
Fear that the spread of the Delta mutation of the covid would disrupt the global economy spurred the unwinding of risk-on positions. Interest rates fell, and the traditional funding currencies:  the US dollar, Swiss franc, and Japanese yen, strengthened most in July. While major US indices set new record highs, as did Europe's Dow Jones Stoxx …
August Monthly August Monthly Reviewed by Marc Chandler on August 02, 2021 Rating: 5
Edit

Greenback Softens amid Stronger Risk Appetites to Start August

August 02, 2021
Overview:  Risk appetites snap back after easing in the waning hours last month.  The MSCI Asia Pacific equities jumped back after dropping 1.8% last week for the second week in a row.  Japan's Topix and China's CSI 300 rose by more than 2%, and Hong Kong, Taiwan, and Australia gained more than 1%.  Europe's Dow Jones Stoxx 600 is reco…
Greenback Softens amid Stronger Risk Appetites to Start August Greenback Softens amid Stronger Risk Appetites to Start August Reviewed by Marc Chandler on August 02, 2021 Rating: 5
Edit

Two Steps Forward, One Step Back

August 01, 2021
The US had a difficult week, falling against nearly all the major currencies, recording new lows for the month against the euro, Swiss franc, and sterling among the major currencies.  Indeed, the euro and sterling gains were sufficient to erase the earlier losses to post an advance for July.   It is difficult to find a common theme through the capi…
Two Steps Forward, One Step Back Two Steps Forward, One Step Back Reviewed by Marc Chandler on August 01, 2021 Rating: 5
Edit

Challenging Week Ahead

July 31, 2021
Three macro considerations are shaping the investment climate: the evolution of the virus and the response, the timeframe of the Fed's tapering, and China's broad regulatory crackdown. Beijing's new policy initiatives are broader and quicker than generally anticipated.  Officials seem to be opening up several different fronts, includin…
Challenging Week Ahead Challenging Week Ahead Reviewed by Marc Chandler on July 31, 2021 Rating: 5
Edit

Risk Appetites Start the Weekend Early

July 30, 2021
Overview: Disappointing revenue and sales figures by Amazon shortly after the US close yesterday set the tone for today's equity sell-off. Many large markets in the Asia Pacific area fell by more than 1%, including Japan, Hong Kong, South Korea, and New Zealand.  New lockdown measures around the capital sent the Philippines bourse down nearly …
Risk Appetites Start the Weekend Early Risk Appetites Start the Weekend Early Reviewed by Marc Chandler on July 30, 2021 Rating: 5
Subscribe to: Posts ( Atom )
Powered by Blogger.