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The Dollar Slips Ahead of CPI

October 13, 2021
Overview:  The US dollar is trading with a lower bias ahead of the September CPI report due early in the North American session.  Long-term yields softened yesterday and slipped further today, leaving the US 10-year yield near 1.56%.  European benchmark yields are 3-4 bp lower.  The shorter-end of the US coupon curve, the two-year yield is firmer.…
The Dollar Slips Ahead of CPI The Dollar Slips Ahead of CPI Reviewed by Marc Chandler on October 13, 2021 Rating: 5
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The Euro Remains Within Last Wednesday's Range

October 12, 2021
Overview:  A weak close in US equity trading yesterday and the widening of China's "cultural revolution" for a two-month investigation of the financial sector stopped a three-day advance in the MSCI Asia Pacific Index.  China, South Korea, and Taiwan saw more than a 1% decline in their major indices.  All the major indices weakened. …
The Euro Remains Within Last Wednesday's Range The Euro Remains Within Last Wednesday's Range Reviewed by Marc Chandler on October 12, 2021 Rating: 5
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Rate Expectation Adjustment Continues

October 11, 2021
Overview:  Equities are softer and yields higher to start the new week.  The dollar is mixed.  Oil and industrial metals are higher. There are several developments over the weekend, but the focus seems to be on central bank action, inflation reports by the US and China, and the start of the Q3 earnings season.  Shares rallied in Japan and Hong Kon…
Rate Expectation Adjustment Continues Rate Expectation Adjustment Continues Reviewed by Marc Chandler on October 11, 2021 Rating: 5
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The Market Likes the Dollar and the Loonie even More

October 10, 2021
US rates and the dollar hardly responded to the disappointing jobs report.  The 194k rise in the nonfarm payrolls was the least this year, but of course, it is subject to revisions the way the August series was revised by more than 50% to 366k. One critical problem was that hiring by local governments for the start of the school season was less th…
The Market Likes the Dollar and the Loonie even More The Market Likes the Dollar and the Loonie even More Reviewed by Marc Chandler on October 10, 2021 Rating: 5
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Trees and the Forest

October 09, 2021
The Pando (pictured here) appears to be 107 acres of forest, but scientists have concluded that the nearly 47,000 genetically identical quaking aspen trees share a common root system.  It is a single organism.  It is estimated to be around 80,000 years old and weighs something of the magnitude of 13 million pounds. It may be dying. Many market par…
Trees and the Forest Trees and the Forest Reviewed by Marc Chandler on October 09, 2021 Rating: 5
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The Dollar Turns Mixed Ahead of the Jobs Report

October 08, 2021
Overview:  The dollar is narrowly mixed and bid ahead of the jobs report. The Scandis lead advancing major currencies, while the yen and Australian dollar are the laggards. Among emerging market currencies, the Turkish lira and the Russian ruble are off the most (~0.45%), while the South African rand is the top performer (~0.45%).  The JP Morgan E…
The Dollar Turns Mixed Ahead of the Jobs Report The Dollar Turns Mixed Ahead of the Jobs Report Reviewed by Marc Chandler on October 08, 2021 Rating: 5
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Hope Springs Eternal, or at least enough to Lift Risk Taking Today

October 07, 2021
Overview:  The animal spirits have been reanimated today.  Encouraged by the dramatic reversal in oil and gas prices, a deal in the US that pushes off the debt ceiling for a few weeks and talk of a new bond-buying facility in the euro area spurred further risk-taking today, ahead of tomorrow's US employment report.  The sharp upside reversal i…
Hope Springs Eternal, or at least enough to Lift Risk Taking Today Hope Springs Eternal, or at least enough to Lift Risk Taking Today Reviewed by Marc Chandler on October 07, 2021 Rating: 5
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Dollar Rallies as Energy Surge Quashes Animal Spirits

October 06, 2021
Overview: Investors worry that surging energy prices will sap economic activity and boost prices.  It is sparking a sharp drop in equities and bonds while lifting the dollar.  The Nikkei fell for the eighth consecutive session, and today's 1% drop brings the cumulative decline to 9%.  South Korea's Kospi also fell by more than 1%.  Some of…
Dollar Rallies as Energy Surge Quashes Animal Spirits Dollar Rallies as Energy Surge Quashes Animal Spirits Reviewed by Marc Chandler on October 06, 2021 Rating: 5
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Markets Look for Direction

October 05, 2021
Overview: The markets remain unsettled. The surge in energy prices, the fears emanating from China's property market, and the unresolved US fiscal drama weigh on sentiment.  Japan stocks continue to unwind earlier gains.  The Nikkei fell for the seventh consecutive session. South Korea and New Zealand markets lost more than 1%.  Hong Kong, Tai…
Markets Look for Direction Markets Look for Direction Reviewed by Marc Chandler on October 05, 2021 Rating: 5
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