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BOJ Moves to Slow JGB Sell-Off, while Month-End is Making for Subdued Price Action in FX outside the Yen BOJ Moves to Slow JGB Sell-Off, while Month-End is Making for Subdued Price Action in FX outside the Yen Reviewed by Marc Chandler on July 31, 2023 Rating: 5
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August 2023 Monthly

July 29, 2023
Price pressures are abating, albeit gradually, while economic momentum is faltering. The data in the coming weeks will help shape expectations for rate decisions for September. As the market pushed back against the Federal Reserve's forward guidance that anticipated two hikes in the second half, the US dollar fell against the G10 currencies. I…
August 2023 Monthly August 2023 Monthly Reviewed by Marc Chandler on July 29, 2023 Rating: 5
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Taking Some Time Off

July 19, 2023
Taking some time off for the next few days.  Will return with the August monthly outlook on July 29 and daily commentary on July 31.  Good luck to everyone.
Taking Some Time Off Taking Some Time Off Reviewed by Marc Chandler on July 19, 2023 Rating: 5
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Bond Rally Continues, Greenback Consolidates with Softer Bias

July 18, 2023
Overview: The main development in the capital markets is the decline in yields. In Europe, benchmark 10-year yields are off 7-11 bp today, extending the move that began last week. The 10-year Germany Bund yield peaked last Thursday near 2.68% and is near 2.40% now. Similarly, the 10-year Italian yield has fallen from 4.42% to below 4.05% today. Th…
Bond Rally Continues, Greenback Consolidates with Softer Bias Bond Rally Continues, Greenback Consolidates with Softer Bias Reviewed by Marc Chandler on July 18, 2023 Rating: 5
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Euro Edges Higher

July 17, 2023
Overview:  The US dollar has mostly steadied at the start of the week after last week's sharp losses. The yen, euro, and Swiss franc are enjoying a firmer tone, but only the euro has thus far extended last week's gains, and then, only marginally. Uninspiring data from China pressed the yuan lower, while the firm euro is helping the central…
Euro Edges Higher Euro Edges Higher Reviewed by Marc Chandler on July 17, 2023 Rating: 5
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Week Ahead: For the Millionth Time, Markets Exaggerate

July 15, 2023
After experiencing one of its worst weeks of the year, the US dollar is stretched from a technical point of view while the short-term interest rate adjustment has gone as far as it can without resurrecting ideas of a Fed rate cut this year. Given the lighter economic calendar in the coming days, we suspect that the greenback may consolidate ahead …
Week Ahead: For the Millionth Time, Markets Exaggerate Week Ahead: For the Millionth Time, Markets Exaggerate Reviewed by Marc Chandler on July 15, 2023 Rating: 5
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