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Position Adjustments at Month-End and Ahead of FOMC Outcome Lift the Greenback Position Adjustments at Month-End and Ahead of FOMC Outcome Lift the Greenback Reviewed by Marc Chandler on January 31, 2023 Rating: 5
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Anti-Climactic Return of China

January 30, 2023
Overview: The re-opening of China's mainland market amid reports of strong activity during the holiday, was relatively subdued. The CSI 300 rose less than 0.5% and the Shanghai Composite eked out less than a 0.2% gain. The 0.5% gain in the yuan was largely in line with the performance of the offshore yuan. Indeed, it seems like a bit like &quo…
Anti-Climactic Return of China Anti-Climactic Return of China Reviewed by Marc Chandler on January 30, 2023 Rating: 5
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Week Ahead Alchemy: Can Powell Turn a Quarter-Point Move into a Hawkish Hike? Week Ahead Alchemy: Can Powell Turn a Quarter-Point Move into a Hawkish Hike? Reviewed by Marc Chandler on January 28, 2023 Rating: 5
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Bannockburn World Currency Index Recoups 50% of Loss since June 2021 High, with Golden Cross Bannockburn World Currency Index Recoups 50% of Loss since June 2021 High, with Golden Cross Reviewed by Marc Chandler on January 27, 2023 Rating: 5
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Subdued Ending to a Quiet Week, Ahead of Next Week's Fireworks

January 27, 2023
Overview: Leaving aside the Australian dollar, which is benefiting from the optimism over China's re-opening and a reassessment of the trajectory of monetary policy after a stronger than expected inflation report, the other G10 currencies traded quietly this week and are +/- less than 0.5%. The risk-on honeymoon to start the year remains intac…
Subdued Ending to a Quiet Week, Ahead of Next Week's Fireworks Subdued Ending to a Quiet Week, Ahead of Next Week's Fireworks Reviewed by Marc Chandler on January 27, 2023 Rating: 5
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Euro Closed above $1.09 but Follow-Through Buying Limited

January 26, 2023
Overview: After some intraday penetration, the euro finally settled above $1.09 yesterday. However, follow-through buying has been limited and technical and option-related resistance is seen in the $1.0940-50 area. The dollar is more broadly mixed today, with the dollar-bloc and Norwegian krone leading the advancers. The euro, yen, and sterling ar…
Euro Closed above $1.09 but Follow-Through Buying Limited Euro Closed above $1.09 but Follow-Through Buying Limited Reviewed by Marc Chandler on January 26, 2023 Rating: 5
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Bank of Canada may say Pause, but the Market Hears Finished

January 25, 2023
Overview: Amid sharp losses in the US equity futures, the US dollar is mostly firmer against the G10 currencies. The notable exception is the Australian dollar, where high-than-expected inflation boosts the risk of a more aggressive central bank. The Aussie reached its best level since last August (~$0.7125). With a light US economic diary and Fed…
Bank of Canada may say Pause, but the Market Hears Finished Bank of Canada may say Pause, but the Market Hears Finished Reviewed by Marc Chandler on January 25, 2023 Rating: 5
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No Follow-Through Euro Buying while S&P Holds Yesterday's Breakout

January 24, 2023
Overview:  A quiet consolidative session has been recorded so far today as North American leadership is awaited. The preliminary PMI readings are mixed. Japan and the eurozone look somewhat better, but Australia and the UK disappointed.  The dollar is trading with a mostly firmer bias, but largely confined to yesterday's ranges.  The markets s…
No Follow-Through Euro Buying while S&P Holds Yesterday's Breakout No Follow-Through Euro Buying while S&P Holds Yesterday's Breakout Reviewed by Marc Chandler on January 24, 2023 Rating: 5
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