Edit

Quiet but Nervous Start to the New Week

September 27, 2021
Overview: The dollar has begun the new week on a firm note, rising against most major and emerging market currencies. Sterling and the Canadian dollar are the most resilient, while the euro has been sold back below $1.1700, and the greenback is nearing JPY111.00. The US 10-year yield is up another four basis points to 1.49%. European yields are al…
Quiet but Nervous Start to the New Week Quiet but Nervous Start to the New Week Reviewed by Marc Chandler on September 27, 2021 Rating: 5
Edit

FX Price Action in the Context of Global Macro Developments

September 26, 2021
The dollar was lifted at the start of the last week by safe-haven demand as China's Evergrande multi-month collapse triggered a sort of panic attack by global markets.  The dollar strengthened after the initial drop following the FOMC meeting.  The Fed's confirmed tapering announcement is likely at the next meeting (Nov), but this has been…
FX Price Action in the Context of Global Macro Developments FX Price Action in the Context of Global Macro Developments Reviewed by Marc Chandler on September 26, 2021 Rating: 5
Edit

What's Next?

September 25, 2021
As Q3 winds down and Q4 begins, the broad investment climate is being shaped by the turning of the monetary cycle.  Norway was the first, and New Zealand will be next.  It is not so much that these moves will force others to do the same. Instead, the Norges Bank and the RBNZ are simply ahead of the others.  Although there is speculation that the B…
What's Next? What's Next? Reviewed by Marc Chandler on September 25, 2021 Rating: 5
Edit

US Bonds Stabilize and the Dollar Finds Better Footing

September 24, 2021
Overview: The 13 bp jump in the US 10-year note and 30-year failed to derail the rebounding equities or lend the dollar support.  The surge in US equity indices closed the gap created by the panic attack and Monday's sharply lower opening.  However, the relation trade did not carry into today's activity.  Most equity markets in the Asia Pa…
US Bonds Stabilize and the Dollar Finds Better Footing US Bonds Stabilize and the Dollar Finds Better Footing Reviewed by Marc Chandler on September 24, 2021 Rating: 5
Edit

Taper, No Tantrum

September 23, 2021
Overview:  The market's reaction to the FOMC statement was going according to our script, with the dollar backing off on a buy rumor sell the fact type of activity until Powell provided an end date for the tapering (mid-2022) before providing a start date (maybe next month).  This spurred a dollar rally.  Equities pulled back but recovered.  T…
Taper, No Tantrum Taper, No Tantrum Reviewed by Marc Chandler on September 23, 2021 Rating: 5
Subscribe to: Posts ( Atom )
Powered by Blogger.