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Trump and the Dollar

January 31, 2017
Although in office less than a fortnight,  the new US Administration is showing a disregard not only for the domesticconvention but international agreements like on refugees and its talk about the dollar.  Some observers had argued that the conduct of monetary policy was tantamount to currency manipulation, but the G7 and G20 offered a more nuance…
Trump and the Dollar Trump and the Dollar Reviewed by Marc Chandler on January 31, 2017 Rating: 5
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Markets Look for Solid Footing

January 31, 2017
The immigration imbroglio in the United States is being cited in various accounts for the price action, including yesterday's drop in the S&P 500, where the intraday loss was the largest since before the election.  The drama is also being blamed for the dollar's losses yesterday, which it is consolidating today.   We are a bit skeptica…
Markets Look for Solid Footing Markets Look for Solid Footing Reviewed by Marc Chandler on January 31, 2017 Rating: 5
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Pressure on Greece Mounts, New Crisis Looms

January 30, 2017
The problem is uncomfortably familiar.  Greece has a chunky payment due to its official creditors.  Reports suggest that Greece has not completed much more than a third of the measures that had been agreed upon free up the next aid tranche from the 86 bln euro package.    Time is working against Greece.  The elections in France and Germany do not …
Pressure on Greece Mounts, New Crisis Looms Pressure on Greece Mounts, New Crisis Looms Reviewed by Marc Chandler on January 30, 2017 Rating: 5
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Thoughts about the Fed's Balance Sheet

January 30, 2017
The Federal Reserve meets this week, but there is, for all practical purposes, no chance that a rate hike is delivered.  Whatever the Fed means by the gradual pace of normalization of policy, it precludes rate hikes at two successive meetings.  
Most market participants do not expect a hike at the next meeting in mid-March either.  Bloomberg's …
Thoughts about the Fed's Balance Sheet Thoughts about the Fed's Balance Sheet Reviewed by Marc Chandler on January 30, 2017 Rating: 5
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Active Stocks and Bonds Contrast with Subdued FX

January 30, 2017
The foreign exchange market is quiet and mixed.  The focus is on the weakness of global equities and the continued sell-off in European bonds.  The eventful week that sees the Fed, BOJ, and BOE meet, US employment report, PMIs, and EMU GDP, inflation and unemployment are starting slowly.  
The weekend news from the US over the controversial actions…
Active Stocks and Bonds Contrast with Subdued FX Active Stocks and Bonds Contrast with Subdued FX Reviewed by Marc Chandler on January 30, 2017 Rating: 5
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