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Sterling Proves Resilient as Starmer says Good Bye

June 22, 2026
Conflicting news from the Middle East initially lifted oil prices and weighed om risk-taking appetites, but US-Iran negotiations continue and both sides report progress. Oil prices have come back off. The dollar is mostly firmer but so far has held above last week’s lows against the euro and sterling. The yen snapped a five-day slide ahead of the …
Sterling Proves Resilient as Starmer says Good Bye Sterling Proves Resilient as Starmer says Good Bye Reviewed by Marc Chandler on June 22, 2026 Rating: 5
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Video: Last Week's Echo to Reverberate

June 20, 2026
Here is a few minute video  where I try to sketch out the significant developments last week, including the Fed's hawkish hold, BOJ rate hike, and the by-election in the UK, whose effects may not have run their course yet.  That said, the Fed's hawkish hold will likely to persist, and the El Nino weather pattern warns of the risk of anothe…
Video: Last Week's Echo to Reverberate Video: Last Week's Echo to Reverberate Reviewed by Marc Chandler on June 20, 2026 Rating: 5
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Week Ahead: Digesting Last Week's Evolving Developments

June 20, 2026
Last week was momentous. There was a fragile 60-day de-escalation during negotiations between Washington and Tehran. However, the allies of both (Hezbollah and Israel) continue to clash, stalling talks. Still, oil prices tumbled 7-9%. At the same time, a new era at the Federal Reserve has begun. The new chair eschews forward guidance, and this was…
Week Ahead: Digesting Last Week's Evolving Developments Week Ahead: Digesting Last Week's Evolving Developments Reviewed by Marc Chandler on June 20, 2026 Rating: 5
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Dollar Glows After the Fed's Hawkish Hold

June 18, 2026
The Federal Reserve delivered a hawkish hold yesterday. The jump in US rates spurred a strong dollar advance that has been extended a little today. The new Fed chair received mostly high marks and dealt a blow to those narratives that saw him as beholden to the president’s wishes. He repeatedly underscored his and the Fed’s commitment to price sta…
Dollar Glows After the Fed's Hawkish Hold Dollar Glows After the Fed's Hawkish Hold Reviewed by Marc Chandler on June 18, 2026 Rating: 5
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New Era at the Federal Reserve

June 17, 2026
Subdued activity mostly characterizes the capital markets today, ahead of the sessions highlight, the outcome of the FOMC meeting that Kevin Warsh will chair for the first time. Given his criticisms of the central bank and his past comments, it is possible he does not participate in the Summary of Economic Projections. At the press conference, he …
New Era at the Federal Reserve New Era at the Federal Reserve Reviewed by Marc Chandler on June 17, 2026 Rating: 5
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The Dollar Holds above JPY160 after BOJ Hikes, Aussie is Firmer after RBA Stands Pat The Dollar Holds above JPY160 after BOJ Hikes, Aussie is Firmer after RBA Stands Pat Reviewed by Marc Chandler on June 16, 2026 Rating: 5
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Investors Don't Wait for Details to Celebrate US-Iran Agreement

June 15, 2026
The prospect of a deal between the US and Iran has bolstered risk-taking appetites today, even though the details are the agreement are not clear and Washington and Tehran seem to have different interpretations of what has been agreed.  Brent and WTI are near two-month lows. Stocks and bonds have rallied. The dollar has been sold and the PBOC set …
Investors Don't Wait for Details to Celebrate US-Iran Agreement Investors Don't Wait for Details to Celebrate US-Iran Agreement Reviewed by Marc Chandler on June 15, 2026 Rating: 5
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