Edit

Soggy Start to the New Week

October 04, 2021
Overview:  Rising energy prices and softer survey data weighs on sentiment.  Tensions between the US and China may rise, which has not been good for equities when the US formally acknowledges that Beijing has not complied with the Phase 1 trade commitments.  OPEC+ is not likely to accelerate output increases of more than 400k barrels as it previou…
Soggy Start to the New Week Soggy Start to the New Week Reviewed by Marc Chandler on October 04, 2021 Rating: 5
Edit
Is the Dollar's Rally since the Disappointing August Employment Report Over? Is the Dollar's Rally since the Disappointing August Employment Report Over?  Reviewed by Marc Chandler on October 03, 2021 Rating: 5
Edit

US Jobs Highlight the Week Ahead

October 02, 2021
In the week ahead, the US September employment report is the high-frequency data highlight.  It is the last non-farm payroll report before the November 2-3 FOMC meeting, which, barring a significant downside surprise, will decide to begin the gradual reduction of the Federal Reserve's bond purchases.  Although Fed Chair Powell has tried to dis…
US Jobs Highlight the Week Ahead US Jobs Highlight the Week Ahead Reviewed by Marc Chandler on October 02, 2021 Rating: 5
Edit

October Monthly

October 01, 2021
The US dollar was driven higher in September by two main factors. The first was the anticipation of the Federal Reserve continuing to move toward tapering before the end of the year.  Investors have discounted one hike and part of a second one next year.  To be sure, the US is not leading the move away from maximum monetary stimulus.  Norway hiked…
October Monthly October Monthly Reviewed by Marc Chandler on October 01, 2021 Rating: 5
Edit

US Government Shutdown Averted, while Equities Continue to Slide

October 01, 2021
Overview:  Investors continue to sell equities today.  The Asia Pacific was a sea of red, with Japan, Australia, and Taiwan off 2% or more.  It is the third consecutive weekly loss for the regional benchmark.  Europe's Dow Jones Stoxx 600 is off less than 1% through midday and is down around 2.6% this week, the most since January.  US futures …
US Government Shutdown Averted, while Equities Continue to Slide US Government Shutdown Averted, while Equities Continue to Slide Reviewed by Marc Chandler on October 01, 2021 Rating: 5
Edit

King Dollar Consolidates

September 30, 2021
Overview: Interest rates, ostensibly the fuel behind the dollar's surge, pulled back a little in the US yesterday.  However, the greenback's rally continued, lifting it to new highs for the year against sterling, the euro, and yen.  Some of the buying may have been related to quarter-end, and it has come back a bit softer against most of t…
King Dollar Consolidates King Dollar Consolidates Reviewed by Marc Chandler on September 30, 2021 Rating: 5
Edit

Hard to Be Sterling

September 29, 2021
Overview: Energy prices pulled back late yesterday, but it offered little reprieve to the bond market where the 10-year benchmark yields in the US, UK, Sweden, and Switzerland reached new three-month highs.  November WTI traded to almost $76.70 before reversing lower and leaving a potentially bearish shooting star candlestick in its wake.  The US …
Hard to Be Sterling Hard to Be Sterling Reviewed by Marc Chandler on September 29, 2021 Rating: 5
Powered by Blogger.