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Federal Reserve and Bank of Canada Meet as Risk Appetites Stabilize

January 26, 2022
Overview:  After a slow and mixed start in Asia, where Australia and India are on holiday, equity markets have turned higher.  Europe's Stoxx 600 is up around 1.9% near midday in Europe, which if sustained would be the biggest gain of the year.  US futures are snapping backing too, with the S&P 500 popping more than  1% and NASDAQ by 2%.  …
Federal Reserve and Bank of Canada Meet as Risk Appetites Stabilize Federal Reserve and Bank of Canada Meet as Risk Appetites Stabilize Reviewed by Marc Chandler on January 26, 2022 Rating: 5
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Investors Fear Market Meltdown

January 25, 2022
Overview:  The stunning upside reversal in US stocks was not sustained.  The NASDAQ futures are off around 1.7% and the S&P 500 futures are nearly 1.2% lower.  Asian equities were hit hard, with China, Korea, and Australia off more than 2%.  Singapore unexpectedly tightened monetary policy (through the exchange rate) and the local stocks were …
Investors Fear Market Meltdown Investors Fear Market Meltdown Reviewed by Marc Chandler on January 25, 2022 Rating: 5
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Stock Slide Continues

January 24, 2022
Overview: Equity markets are fragile after last week's rout, while bond markets have extended their recovery.  The dollar is mostly firmer to start the new week.  Japan, China, and Taiwan saw equities advance, but not enough to offset weakness elsewhere, and the MSCI Asia Pacific Index was off around 0.75%.  It fell by 1.7% last week.  Europe&…
Stock Slide Continues Stock Slide Continues Reviewed by Marc Chandler on January 24, 2022 Rating: 5
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A Couple of False Breaks and a New Four-Year High in the Yuan

January 23, 2022
The US dollar broke higher against the yen to start the year.  It traded up to JPY116.35, its highest level in five year.  However, within a few days it became clear that it was a false breakout.  The dollar moved back within its old range (~JPY113-JPY115 +/- 0.5 yen).  Indeed, the greenback finished last week near JPY113.65.  Ok, if the dollar is…
A Couple of False Breaks and a New Four-Year High in the Yuan A Couple of False Breaks and a New Four-Year High in the Yuan Reviewed by Marc Chandler on January 23, 2022 Rating: 5
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Three Events Dominate the Week Ahead and the FOMC Meeting may Not be the Most Important Three Events Dominate the Week Ahead and the FOMC Meeting may Not be the Most Important Reviewed by Marc Chandler on January 22, 2022 Rating: 5
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Ugly Friday

January 21, 2022
Overview: The reversal in US equities yesterday set the tone for today.  Among the large bourses, only Hong Kong escaped the pain today. It was the sixth session of the past seven that the MSCI Asia Pacific Index fell.  Today's 1.3% retreat in the Stoxx 600 brings it lower for the week, and third consecutive weekly loss.  US indices closed on …
Ugly Friday Ugly Friday Reviewed by Marc Chandler on January 21, 2022 Rating: 5
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HK Rallies and PBOC Cuts, US Stocks Stabilize

January 20, 2022
Overview:  Amid inflation fears and the decline in crypto prices, gold was resurrected, rallying the most in three months yesterday to its best level since November.  It is consolidating those gains today, straddling the $1840 level.  Equities are trying to stabilize.  The MSCI Asia Pacific Index snapped a five-day slide with a 1% gain helped by a…
HK Rallies and PBOC Cuts, US Stocks Stabilize HK Rallies and PBOC Cuts, US Stocks Stabilize Reviewed by Marc Chandler on January 20, 2022 Rating: 5
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