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And the Dollar Bounces Back, While BOE is in Focus

November 04, 2021
Overview:  The Federal Reserve announced tapering and, like the Reserve Bank of Australia earlier in the week, did not validate expectations for an aggressive rate hike.  Now the focus is on the Bank of England, where several officials seemed to goad the market into lifting short-term rates. The S&P 500 and NASDAQ rallied to new record highs y…
And the Dollar Bounces Back, While BOE is in Focus And the Dollar Bounces Back, While BOE is in Focus Reviewed by Marc Chandler on November 04, 2021 Rating: 5
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What Might it Take for the Fed to Deliver a Hawkish Tapering Announcement?

November 03, 2021
Overview: With the FOMC's decision several hours away, the dollar is trading lower against nearly all the major currencies.  The Antipodeans and Norwegian krone are leading.  The euro, yen, and sterling are posting minor gains (less than 0.1%).  Most of the freely liquid and accessible emerging market currencies are also firmer.  The Turkish l…
What Might it Take for the Fed to Deliver a Hawkish Tapering Announcement? What Might it Take for the Fed to Deliver a Hawkish Tapering Announcement? Reviewed by Marc Chandler on November 03, 2021 Rating: 5
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RBA Jettisons Yield Curve Control but Continues to Resist Market Pressure

November 02, 2021
Overview: The third record close of the S&P 500 failed to lift Asia Pacific and European shares today.  In Asia, the large bourses fell, except South Korea, which rallied a little more than 1%.  Europe's Stoxx 600 is threatening to snap a three-day advance, while US index futures are soft.  The US 10-year yield is firm, around 1.56%.  Euro…
RBA Jettisons Yield Curve Control but Continues to Resist Market Pressure RBA Jettisons Yield Curve Control but Continues to Resist Market Pressure Reviewed by Marc Chandler on November 02, 2021 Rating: 5
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November Monthly

November 01, 2021
Three main forces are shaping the business and investment climate:  Surging energy prices, a dramatic backing up of short-term interest rates in Anglo-American countries, and the persistence of supply chain disruptions. The US and Europe have likely passed peak growth.  Fiscal policy will be less accommodative, and financial conditions have tighte…
November Monthly November Monthly Reviewed by Marc Chandler on November 01, 2021 Rating: 5
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US-EU Rapprochement, Can France and UK Do the Same?

November 01, 2021
Overview:  It is mostly a quiet start to the new month.  Most of Europe is closed for the All -Saints holiday and the week's key events start tomorrow with the Reserve Bank of Australia meeting.  News that the Liberal Democrats retained a majority in the lower chamber of the Diet helped lift Japanese indices by 2%.  Most of the large regional …
US-EU Rapprochement, Can France and UK Do the Same? US-EU Rapprochement, Can France and UK Do the Same? Reviewed by Marc Chandler on November 01, 2021 Rating: 5
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