Edit

Emerging Markets: Preview of the Week Ahead

September 07, 2015
(from my colleague Dr. Win Thin)

In a familiar refrain, EM assets are starting off the week on a soft note, with markets picking up where the left off on Friday. With China markets reopening after a two-day holiday, the Shanghai dropped -2.5% and has fed into wider EM equity losses. MSCI EM is down two straight days and five of the past six. Th…
Emerging Markets: Preview of the Week Ahead Emerging Markets: Preview of the Week Ahead Reviewed by Marc Chandler on September 07, 2015 Rating: 5
Edit

Known Unknowns and the Dollar

September 06, 2015
There are three, and arguably interrelated, known unknowns that are seemingly on everyone's mind.  
First is the decline in global equity markets. Is thissimplya long overdue correction? Wasn't August 24 some sort of capitulation?  Is this a re-test of those extremes, which is not particularly unusual, or is it the start of a new leg down?
S…
Known Unknowns and the Dollar Known Unknowns and the Dollar Reviewed by Marc Chandler on September 06, 2015 Rating: 5
Edit

Dollar Bulls Reassert Themselves, but...

September 05, 2015
The US dollar gained against most of the major currencies last week. A notable exception was the Japanese yen. Steep equity losses and drop in bond yields provided the yen with the customary fillip.
The various economic reports, including the August jobs data and the volatility of the stock market, left Fed expectations unchanged. The September Fed…
Dollar Bulls Reassert Themselves, but... Dollar Bulls Reassert Themselves, but... Reviewed by Marc Chandler on September 05, 2015 Rating: 5
Edit

Great Graphic: DAX Poised to Gap Lower on Monday

September 04, 2015
This Great Graphic is a weekly bar chart of the German DAX.  It was created on Bloomberg, and tracks a three-point trend line going back to 2011.  The recent sell-off marks the third point.  
Like other equity markets, it bounced off the August 24 exaggerated sell-off.  However, this week it appears to have put in a double top near 10,380.  A break…
Great Graphic: DAX Poised to Gap Lower on Monday Great Graphic: DAX Poised to Gap Lower on Monday Reviewed by Marc Chandler on September 04, 2015 Rating: 5
Edit

Emerging Markets: What has Changed

September 04, 2015
(from my colleagues Dr. Win Thin and Ilan Solot)
1) Reports suggest the PBOC will impose a 20% reserve requirement on financial institutions trading FX forwards  2) The HKMA had to intervene this week at the strong side (7.75) of the HKD peg 3) Swiss authorities are getting involved in the 1MDB scandal in Malaysia 4) Brazil’s government will submit bu…
Emerging Markets: What has Changed Emerging Markets: What has Changed Reviewed by Marc Chandler on September 04, 2015 Rating: 5
Edit

Headline Disappoints but Doesn't Conceal Constructive US Jobs Report

September 04, 2015
Cognizant that the initial estimate of August nonfarm payrolls habitually disappoints, market participants, and presumably policymakers will look past the low 173k increase, and instead focus on the favorable internals.   These include a drop in the unemployment rate to 5.1%, which is into the band the Fed regards a full employment.  In addition t…
Headline Disappoints but Doesn't Conceal Constructive US Jobs Report Headline Disappoints but Doesn't Conceal Constructive US Jobs Report Reviewed by Marc Chandler on September 04, 2015 Rating: 5
Edit

Equities Slump, Focus Shifts from ECB to US Jobs

September 04, 2015
The dovish signals from the ECB failed to offer lasting support for the global capital markets.  Asia shares slumped, with the Nikkei falling to new lows since February and taking out the psychologically important 17k level.  The MSCI Asia Pacific Index fell 1%. European bourses are off about 1.75%, with all major industry group under pressures, l…
Equities Slump, Focus Shifts from ECB to US Jobs Equities Slump, Focus Shifts from ECB to US Jobs Reviewed by Marc Chandler on September 04, 2015 Rating: 5
Subscribe to: Posts ( Atom )
Powered by Blogger.