Results for Oil
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Greenback Returns Better Bid

November 08, 2023
Overview: After the making marginal new highs in early North America yesterday, the dollar pulled back, arguable dragged lower by the softness of US rates, helped by the sharp drop in oil prices and healthy reception to the US three-year note auction. However, the greenback has returned better bid today as the market continues to search for direct…
Greenback Returns Better Bid Greenback Returns Better Bid Reviewed by Marc Chandler on November 08, 2023 Rating: 5
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The Dollar and Oil Steady After Yesterday's Advance

September 06, 2023
Overview: Bonds and stocks are mostly heavier today and the dollar has turned mixed. Oil prices are consolidating after soaring to new highs since late last year on the longer than expected extension of Saudi Arabia's extra cut of one million barrels a day. Since July, it has been extending it by one month at a time. Yesterday, it extended it …
The Dollar and Oil Steady After Yesterday's Advance The Dollar and Oil Steady After Yesterday's Advance Reviewed by Marc Chandler on September 06, 2023 Rating: 5
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Dollar Comes Back Bid

August 07, 2023
Overview: The US dollar is recovering today after it was sold following the jobs report before the weekend. It is enjoying a firmer bias against nearly all the G10 currencies. The dollar-bloc is faring best, while the Scandis are off close to 0.5%. Most emerging market currencies are also softer, with only a few Asian currencies edging higher toda…
Dollar Comes Back Bid Dollar Comes Back Bid Reviewed by Marc Chandler on August 07, 2023 Rating: 5
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PBOC Surprise Rate Cut and a Strong UK Labor Market Report Ahead of US CPI PBOC Surprise Rate Cut and a Strong UK Labor Market Report Ahead of US CPI Reviewed by Marc Chandler on June 13, 2023 Rating: 5
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US Dollar Comes Back Better Bid

February 15, 2023
Overview: Although the US January CPI was in line with expectations, the year-over-year rate was a little firmer than expected. Still, the measure that Fed Chair Powell has underscored, core services, excluding shelter, moderated with a 0.3% month-over-month gain. US rates shot up and this lent the dollar support, while weighing on equities and ri…
US Dollar Comes Back Better Bid US Dollar Comes Back Better Bid Reviewed by Marc Chandler on February 15, 2023 Rating: 5
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A Day of Surprises

February 10, 2023
(I am on a business trip and did not intend to post any analysis today. However, there have been a number of unexpected developments that warrant some commentary. Thanks for bearing with me.) Japanese press reports that the BOJ Deputy Governor Amamiya turned down the opportunity to become the next BOJ governor. Instead, next week, former BOJ board…
A Day of Surprises A Day of Surprises Reviewed by Marc Chandler on February 10, 2023 Rating: 5
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Chinese Stocks Extend Rally Even Though Covid Infections Appear to be Spreading Chinese Stocks Extend Rally Even Though Covid Infections Appear to be Spreading Reviewed by Marc Chandler on December 09, 2022 Rating: 5
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Attention turns to US Jobs while the Yen's Surge Continues

December 02, 2022
Overview:  There have been significant moves in the capital markets this week and participants are turning cautious ahead of the US employment report. After the US equity market rally stalled yesterday, nearly all the Asia Pacific bourses fell today. The strength of the yen (~3.8% this week) has weighed on Japanese equities (Nikkei -1.8% this week…
Attention turns to US Jobs while the Yen's Surge Continues Attention turns to US Jobs while the Yen's Surge Continues Reviewed by Marc Chandler on December 02, 2022 Rating: 5
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