Results for Euro
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Where We Stand: The Present and the Future of the Dollar

March 19, 2022
(Business travel prevents my weekly discussion of the price action.  It will return next week, but a macro discussion is offered below). Economists and policymakers generally recognize that growth will be weaker than was anticipated at the end of last year. Price pressures are going to be stronger and last longer than previously projected. The sup…
Where We Stand: The Present and the Future of the Dollar Where We Stand: The Present and the Future of the Dollar Reviewed by Marc Chandler on March 19, 2022 Rating: 5
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Trump-Conte Meeting: More Political Theater

July 30, 2018
The highly touted trade truce between the US and Europe was political theater at its best.  Europe will continue what it had been doing.  With US soy being priced out of the Chinese market, the PRC  import more soy from Brazil.  European soy buyers may be displaced and may turn to the US.  US soy faces no EU tariffs.  Europe's energy needs are…
Trump-Conte Meeting: More Political Theater Trump-Conte Meeting: More Political Theater Reviewed by Marc Chandler on July 30, 2018 Rating: 5
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Don't Forget Greece

June 07, 2018
Developments in Italy and the growing estrangement between the US and Europe, not just over trade, but Russia and Iran as well, are overshadowing the conclusion of the third assistance program for Greece.   The end like the beginning is a bit rolling, in the sense that the formal program ends this month,  but the final payment is expected in Augus…
Don't Forget Greece Don't Forget Greece Reviewed by Marc Chandler on June 07, 2018 Rating: 5
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FAQ: What Happened to Rome?

May 30, 2018
Italian capital markets are having a spasm that by some measures is more acute than was experienced during the 2011-2012 sovereign crisis period.  We suspect the reprieve being experienced today--after a move historic proportions yesterday--will be short-lived. Market participants see the greatest existential risk to the eurozone since before the …
FAQ: What Happened to Rome? FAQ: What Happened to Rome? Reviewed by Marc Chandler on May 30, 2018 Rating: 5
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The Threat of the Mini-BoT

May 21, 2018
Investors are having a fit.  For the first two months after the early March Italian elections, investors could hardly care less.  Italy's premium over Germany to borrow money for a decade fell to a two-year low in late April near 132 bp.  In the last two sessions, it has jumped nearly 40 bp to 1.87%.  
The economic program of the new government…
The Threat of the Mini-BoT The Threat of the Mini-BoT Reviewed by Marc Chandler on May 21, 2018 Rating: 5
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European Court of Justice Ruling Weighs on Italian Banks

July 19, 2016
The European Court of Justice upheld the principle of making creditors bear the burden for investment in banks that sour before government funds can be used.    Italian banks are particularly sensitive to the ruling, which cannot be appealed because the European Banking Authority and European Central Bank stress tests on July 29 are expected to sh…
European Court of Justice Ruling Weighs on Italian Banks European Court of Justice Ruling Weighs on Italian Banks Reviewed by Marc Chandler on July 19, 2016 Rating: 5
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USD Turns Bid: Euro and Sterling Share Dollar-Bloc and Yen's Pain

January 15, 2014
The US dollar is firmer across the board today as investors continue to regain confidence that the FOMC will proceed with its tapering efforts.  The impression is that the strength of the retail sales stripped of autos, building materials and gasoline showed a unexpected resilience of the US consumer that does not mesh with the weakness in employm…
USD Turns Bid: Euro and Sterling Share Dollar-Bloc and Yen's Pain USD Turns Bid: Euro and Sterling Share Dollar-Bloc and Yen's Pain Reviewed by Marc Chandler on January 15, 2014 Rating: 5
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FX Drivers for the Week Ahead

January 12, 2014
At the risk of oversimplifying, there seems to be a single overriding driver of the global capital markets in the coming days.  It is how investors see the implications of last week's dismal jobs data.
In particular, many observers are suggesting that it raises doubts over the Fed's willingness to continue to pullback from its asset purch…
FX Drivers for the Week Ahead FX Drivers for the Week Ahead Reviewed by Marc Chandler on January 12, 2014 Rating: 5
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Currency Positioning and Technical Outlook: Euro and Sterling to New Highs? Currency Positioning and Technical Outlook: Euro and Sterling to New Highs? Reviewed by Marc Chandler on January 11, 2014 Rating: 5
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