Results for Post-Brexit
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Inauspicious Start to the Year of the (Flying) Rat

February 03, 2020
Overview: The Year of the Rat is off to an inauspicious start as apparently a flying rat (a bat) virus has jumped to humans. China's markets re-opening amid much fanfare, and the Shanghai Composite dropped 7.7%, which is about what the futures in Singapore had anticipated. Several other markets in the region (Japan's Nikkei, Australia, Sin…
Inauspicious Start to the Year of the (Flying) Rat Inauspicious Start to the Year of the (Flying) Rat Reviewed by Marc Chandler on February 03, 2020 Rating: 5
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Dollar Losses Set Stage for Recovery

August 20, 2016
The US dollar lost ground against nearly all the major currencies last week.The sole exceptions were the Australian dollar, where pressure ahead of the weekend following Moody's decision to cut the outlook for five Australian banks wiped out the previous small gain, and the Norwegian krone, which was really flat with less than a 0.1% loss.  
Th…
Dollar Losses Set Stage for Recovery Dollar Losses Set Stage for Recovery Reviewed by Marc Chandler on August 20, 2016 Rating: 5
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Carney Gets Ahead of Market Expectations; Sterling Slumps, Gilts Soar

August 04, 2016
Sterling has slumped two cents in the wake of the Bank of England's announcement.  It cut the base rate 25 bp and announced a resumption of its asset purchase program.  It will buy GBP60 bln of Gilts and added corporate bonds to its purchase plan, which will be completed over the next six months.  Corporate bonds will initially account for up …
Carney Gets Ahead of Market Expectations; Sterling Slumps, Gilts Soar Carney Gets Ahead of Market Expectations; Sterling Slumps, Gilts Soar Reviewed by Marc Chandler on August 04, 2016 Rating: 5
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Sterling's Jump Slows Dollar's Ascent

July 20, 2016
It is a bizarre turn of events.  Just like the Game of Throne's Westeros is a map of the UK put on top of an inverted Ireland, so too do UK events seem to be a strange permutation of the pre-referendum views.  
Although sterling and interest rates have not fully recovered from the Brexit decision, equity markets have, and fear of contagion has …
Sterling's Jump Slows Dollar's Ascent Sterling's Jump Slows Dollar's Ascent Reviewed by Marc Chandler on July 20, 2016 Rating: 5
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Squaring the Circle: Can Article 7 be Used to Force Article 50?

July 18, 2016
Due to an unlikely string of events, the UK had sorted out its government more than two months quicker than it had looked likely in the immediate aftermath of the referendum when Cameron resigned.  However, to the frustration of others in the EU, May not only named Johnson, who insulted nearly every country, as the Foreign Minister, indicated she …
Squaring the Circle: Can Article 7 be Used to Force Article 50? Squaring the Circle: Can Article 7 be Used to Force Article 50? Reviewed by Marc Chandler on July 18, 2016 Rating: 5
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Sources of Movement

July 10, 2016
Investors are under siege.  A growing proportion of bonds in Europe and Japan offer negative yields.The German and Japanese curves are negative out 15-years, while one cannot find a positive yield among any tenor of Swiss government bonds.   Despite a string of robust data, US Treasury coupon yields are at record lows.
The UK referendum hit an alre…
Sources of Movement Sources of Movement Reviewed by Marc Chandler on July 10, 2016 Rating: 5
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