Edit

Wake Me Up When September Ends

September 30, 2022
Overview: Benchmark 10-year yields are off 6-8 basis points in Europe and the United States. The panic seen at the start of the week in the UK has subsided considerably, as sterling recovered to almost where it was a week ago, while BOE’s hand has help steady the Gilt market. Equities in Asia Pacific suffered after the losses in the US yesterday. …
Wake Me Up When September Ends Wake Me Up When September Ends Reviewed by Marc Chandler on September 30, 2022 Rating: 5
Edit

Semblance of Calm Returns

September 27, 2022
(Business travel will prevent me from updating the blog for the next couple of days.  Thank you for your patience.  Good luck.)Overview: After extending last week’s moves yesterday, the capital markets are mostly calmer today. Sterling is firmer, as are UK Gilts. The dollar is mostly consolidating inside yesterday’s range. Equities are stable to h…
Semblance of Calm Returns Semblance of Calm Returns Reviewed by Marc Chandler on September 27, 2022 Rating: 5
Edit

Sterling Continues to be Pounded

September 26, 2022
Overview: Sterling’s pounding continued in Asia where it was driven to $1.0350, a new record low before stabilizing. UK rates also continued to rise sharply after the new government promised more tax cuts next year. The right-wing victory in Italy was not surprising but it kept pressure on Italian bonds. China took more action to slow the yuan’s d…
Sterling Continues to be Pounded Sterling Continues to be Pounded Reviewed by Marc Chandler on September 26, 2022 Rating: 5
Edit
The Precipitous Moves in the Roller Coaster Known as the Foreign Exchange Market The Precipitous Moves in the Roller Coaster Known as the Foreign Exchange Market Reviewed by Marc Chandler on September 25, 2022 Rating: 5
Edit

Macro: Tell Us Something We Don't Already Know

September 24, 2022
As September winds down, three sets of economic reports will draw the most attention. We will review them and then offer a snapshot of the emerging market central bank meetings. As we have seen in the UK and Norway, several emerging market countries raised rates early (beginning in the middle of last year) but still experienced an acceleration of …
Macro: Tell Us Something We Don't Already Know Macro: Tell Us Something We Don't Already Know Reviewed by Marc Chandler on September 24, 2022 Rating: 5
Powered by Blogger.