Results for Emerging Markets
Edit

Five Things that Happened Monday

September 06, 2021
1.  The dollar finished last week on a soft note but steadied at the start of the week, edging higher against nearly all major currencies.   The Australian and New Zealand dollars were the weakest, off about 0.3%. The Norwegian krone managed to be the most resilient, virtually flat.  Norway's central bank meets on September 23 and is expected …
Five Things that Happened Monday Five Things that Happened Monday Reviewed by Marc Chandler on September 06, 2021 Rating: 5
Edit

Big Week Ahead

June 13, 2020
Next week is important. Two G7 central banks meet and at least half a dozen emerging market central banks. There is a European Summit and perhaps a political effort to reinvigorate the UK-EU trade talks, which seem to be crashing on the shoals of stubbornness. The ECB offers its most generous long-term targeted loan that is bound to see earlier lo…
Big Week Ahead Big Week Ahead Reviewed by Marc Chandler on June 13, 2020 Rating: 5
Edit

Macro Cheat Sheet

October 24, 2018
A high-level distillation of the macro forces impacting various currencies.


US Dollar 
Equity market volatility has not reached levels that will spur the Fed's concern.  No one expected a hike at next month's meeting.  The December meeting is too far way for short-term volatility to have any bearing.  The volatility in Jan-Feb did not deter …
Macro Cheat Sheet Macro Cheat Sheet Reviewed by Marc Chandler on October 24, 2018 Rating: 5
Edit

Reprieve in Emerging Markets may be Nearly Over

October 18, 2018
We identified three forces that have undermined emerging markets as an asset class:   The US policy mix, which results in upward pressure on the dollar and interest rates, competes with other capital importers.  This coupled with the second force, the rise in oil prices (which to some extent is also the result of US policies, such as the embargo o…
Reprieve in Emerging Markets may be Nearly Over Reprieve in Emerging Markets may be Nearly Over Reviewed by Marc Chandler on October 18, 2018 Rating: 5
Edit

Cool Video: Bloomberg Clip from Discussion on Emerging Markets

October 02, 2018
In my first television appearance since joining Bannockburn Global Forex, I joined Tom Keene and Francine Lacqua on the Bloomberg set.  In this nearly 2.5 min clip, we talk about the Indonesia rupiah and the dollar's move above the IDR15000 level for the first time since the 1997-1998 Asian financial crisis.   
I suggest there are several fact…
Cool Video: Bloomberg Clip from Discussion on Emerging Markets Cool Video: Bloomberg Clip from Discussion on Emerging Markets Reviewed by Marc Chandler on October 02, 2018 Rating: 5
Edit

Emerging Markets: Preview of the Week Ahead

September 16, 2018
(from my colleague Dr. Win Thin)
EM FX ended mixed in Friday, capping off an up and down week.  RUB and TRY initially firmed on their respective rate hikes but gave back some of those gains heading into the weekend.  Trade tensions are likely to remain high, as press reports suggest President Trump is pushing ahead with tariffs on $200 bln of Chin…
Emerging Markets: Preview of the Week Ahead Emerging Markets: Preview of the Week Ahead Reviewed by Marc Chandler on September 16, 2018 Rating: 5
Edit

Emerging Markets: What Changed

September 14, 2018
(from my colleague Dr. Win Thin)

US Treasury Secretary Mnuchin announced that he invited his China counterparts for another round of high-level trade negotiations.Czech central bank has signaled another imminent rate hike.The European Parliament voted to censure Hungary for eroding democratic values.The US State Department announced that it is wor…
Emerging Markets: What Changed Emerging Markets: What Changed Reviewed by Marc Chandler on September 14, 2018 Rating: 5
Edit

Emerging Markets: Week Ahead Preview

September 09, 2018
(from my colleague Dr. Win Thin)

EM FX ended Friday on a mixed note, with TRY and ARS leading the gains.  However, the jobs data supports our view that the Fed is likely to continue hiking rates, which is negative for EM.  Furthermore, trade tensions will remain high after the US announced plans to slap tariffs on an additional $267 bln of Chinese…
Emerging Markets: Week Ahead Preview Emerging Markets: Week Ahead Preview Reviewed by Marc Chandler on September 09, 2018 Rating: 5
Edit

Emerging Markets: What has Changed

September 07, 2018
(from my colleague Dr. Win Thin)
Philippine central bank signaled another big hike.Poland central bank appears to be moving its forward guidance out further.Russia officials are sending confusing signals regarding monetary policy.Russia officials stand ready to support the ruble debt market if new US sanctions negatively impact it.  South Africa’s…
Emerging Markets: What has Changed Emerging Markets: What has Changed Reviewed by Marc Chandler on September 07, 2018 Rating: 5
Edit

Cool Video: Emerging Markets Continue to Sell-Off

September 04, 2018
I had the privilege of being on the Bloomberg set with Tom Keene and Francine Lacqua earlier today.  Lakshman Achuthan, co-founder of ECRI also joined us for the discussion.  
This 6.5 min video clip captures the essence of the discussion.  The US dollar was rallying against all the major and most EM currencies.  The second consecutive quarterly ec…
Cool Video: Emerging Markets Continue to Sell-Off Cool Video: Emerging Markets Continue to Sell-Off Reviewed by Marc Chandler on September 04, 2018 Rating: 5
Edit

Emerging Market Week Ahead Preview

September 03, 2018
(from my colleague Dr. Win Thin)

EM FX ended last week on a firm note, but weakness resumed Monday.  Higher than expected Turkish inflation hurt the lira, which in turn dragged down BRL, ARS, ZAR, and RUB.  We expect EM to remain under pressure this week when the US returns from holiday Tuesday. 
Korea reports August CPI Tuesday, which is expected …
Emerging Market Week Ahead Preview Emerging Market Week Ahead Preview Reviewed by Marc Chandler on September 03, 2018 Rating: 5
Edit

Emerging Markets: What Changed

August 31, 2018
(from my colleague Dr. Win Thin)

China stepped up efforts to attract more foreign inflows to the onshore bond market.Russia has softened its unpopular pension reform proposal.The African National Congress withdrew an existing land expropriation bill.Moody’s downgraded twenty Turkish financial institutions.Turkey central bank Deputy Governor Erkan …
Emerging Markets: What Changed Emerging Markets: What Changed Reviewed by Marc Chandler on August 31, 2018 Rating: 5
Edit

Emerging Markets: Week Ahead Preview

August 26, 2018
(from my colleague Dr. Win Thin)
EM FX was whipsawed last week but ended on a firm note.  We look past the noise and believe that the true signals for EM remain higher US interest rates and continued trade tensions, both of which are negative.  Turkish markets reopen after a week off.  Nothing fundamentally has changed there, and so it still poses…
Emerging Markets: Week Ahead Preview Emerging Markets: Week Ahead Preview Reviewed by Marc Chandler on August 26, 2018 Rating: 5
Edit

Emerging Markets: What Changed

August 24, 2018
(from my colleague Dr. Win Thin)

The PBOC will resume use of the counter-cyclical factor for the CNY fix.Thailand junta leader announced that elections are likely on February 24.Russia will issue new economic forecasts next week that will likely reflect the negative impact of sanctions.Russia central bank suspended its FX purchases through the end…
Emerging Markets: What Changed Emerging Markets: What Changed Reviewed by Marc Chandler on August 24, 2018 Rating: 5
Subscribe to: Posts ( Atom )
Powered by Blogger.