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Emerging Markets: Week Ahead Preview

October 06, 2014
(from my colleagues Dr. Win Thin and Ilan Solot)

EM assets are starting the week on the front foot under the favorable constellation of a weaker dollar, stronger stocks and the unexpected result of the presidential elections in Brazil.  In addition, after nearly a month of losses (MSCI EM is down nearly 10% from its peak), one also has to assume th…
Emerging Markets: Week Ahead Preview Emerging Markets: Week Ahead Preview Reviewed by Marc Chandler on October 06, 2014 Rating: 5
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Great Graphic: Employment in US and UK

October 06, 2014
The September US jobs data was stronger than expected.   However, US interest rates pulled back after initially moving higher.  US rates are edging lower today.    
This week's labor market reports include the Fed's new Labor Markets Condition Index and JOLTS.  These are probably more important from Yellen, Fischer and Dudley's vantage …
Great Graphic: Employment in US and UK Great Graphic: Employment in US and UK Reviewed by Marc Chandler on October 06, 2014 Rating: 5
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Dollar Corrects a Bit

October 06, 2014
The main theme in Asia and Europe has been a somewhat heavier dollar tone, against the major and emerging market currencies.  There has not been much of a fundamental driver as perhaps a bit of caution in a stretched-market ahead of key levels ($1.25 for the euro and JPY110 dollar-yen). 
Global equities are higher, following the pre-weekend US equ…
Dollar Corrects a Bit Dollar Corrects a Bit Reviewed by Marc Chandler on October 06, 2014 Rating: 5
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The Investment Climate and the Week Ahead

October 05, 2014
The broad economic conditions have been shaped to a large extent by the different policy responses to the Great Financial Crisis. For reasons that need not concern us here, the US and UK policy response was relatively stronger than the eurozone and Japan's response.   This, in turn, has produced a de-synchronized growth cycle.    
Admittedly, J…
The Investment Climate and the Week Ahead The Investment Climate and the Week Ahead Reviewed by Marc Chandler on October 05, 2014 Rating: 5
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Dollar Bulls Ahead

October 04, 2014
The US dollar had another good week, rising against all the major currencies. The strength of the US employment report, especially in the context of disappointing eurozone and UK PMI data, ensured that the consolidative phase was short-lived.   After dropping nearly two big figures, the dollar quickly snapped back against the yen, even though US i…
Dollar Bulls Ahead Dollar Bulls Ahead Reviewed by Marc Chandler on October 04, 2014 Rating: 5
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Four Recent and Interesting Posts

October 04, 2014
1.  The populist right appears to be gaining momentum in European politics.  Despite high levels of unemployment, disparity of wealth and income, and dysfunctional elites, the political left is missing in action.  At the same time, a significant minority of Americans want their state to leave the union (federal government).  Is this the crisis of …
Four Recent and Interesting Posts Four Recent and Interesting Posts Reviewed by Marc Chandler on October 04, 2014 Rating: 5
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Dollar Remains Bid Post-Draghi, Pre-Jobs

October 03, 2014
The US dollar regained the upper hand as yesterday's downside correction fizzled out.  Draghi provided just enough details of the asset purchase plans to avoid a rout, but not enough to give hope that this is what will turn the eurozone around.  With Europe's service PMIs released, the market turns its attention to the US employment data.�…
Dollar Remains Bid Post-Draghi, Pre-Jobs Dollar Remains Bid Post-Draghi, Pre-Jobs Reviewed by Marc Chandler on October 03, 2014 Rating: 5
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