Marc to Market

Speculators Trim Euro and Yen Exposure ahead of FOMC and BOJ

Marc Chandler April 30, 2016

Speculators in the futures market made mostly small position adjustments in the sessions leading up to the FOMC and BOJ meetings. During the Commitment of Traders reporting week ending April 26, the largest adjustment of speculative position in the currency futures was the 12.5 k build of gross long Australian dollar contracts.
The accumulation…

Speculators Trim Euro and Yen Exposure ahead of FOMC and BOJ Reviewed by Marc Chandler on April 30, 2016 Rating: 5

Edit

Will the Dollar Bloom like May Flowers after April Showers?

Marc Chandler April 30, 2016
April was a cruel month for the US dollar. It fell against all the major currencies; even those whose central banks have negative yields. The greenback also fell against nearly all the emerging market currencies, but the Philippine peso and the Polish zloty.
Through the first four months of the year, the dollar is lower against all the major cu…

Will the Dollar Bloom like May Flowers after April Showers? Reviewed by Marc Chandler on April 30, 2016 Rating: 5

Edit

Do You Believe Six Impossible Things before Breakfast?

Marc Chandler April 29, 2016
The White Queen in Alice in Wonderland (Through the Looking Glass) confesses that when she was younger, she could believe six impossible things before breakfast. She encourages Alice to do the same.    It appears many in the market are taking the Queen's advice too seriously.
Here is a quick thumbnail sketch of seven of our non-consensus vie…

Do You Believe Six Impossible Things before Breakfast? Reviewed by Marc Chandler on April 29, 2016 Rating: 5

Edit

Dollar Losses Extended Ahead of the Weekend

Marc Chandler April 29, 2016
There are two main forces in the foreign exchange market that are rippling through the capital markets. The first is the continued weaker dollar tone. The combination of what appears to be a stagnating US economy (0.5% annualized pace in Q1) and a market that does not believe the Federal Reserve will hike rates in June, and is in fact, judging f…

Dollar Losses Extended Ahead of the Weekend Reviewed by Marc Chandler on April 29, 2016 Rating: 5

Edit

Podcast Discussing Dollar, Fed, BOJ on Futures Radio Show

Marc Chandler April 28, 2016
I had the privilege of being interviewed by Anthony Crudele, who is a trader at the CME for the Futures Radio Show.
There was much to discuss. The FOMC met yesterday. The market, judging from the Fed funds futures see little chance of a June hike. Economists think otherwise.
The Bank of Japan surprised many by not changing policy earlier today…

Podcast Discussing Dollar, Fed, BOJ on Futures Radio Show Reviewed by Marc Chandler on April 28, 2016 Rating: 5