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Dollar Rallies as Energy Surge Quashes Animal Spirits

October 06, 2021
Overview: Investors worry that surging energy prices will sap economic activity and boost prices.  It is sparking a sharp drop in equities and bonds while lifting the dollar.  The Nikkei fell for the eighth consecutive session, and today's 1% drop brings the cumulative decline to 9%.  South Korea's Kospi also fell by more than 1%.  Some of…
Dollar Rallies as Energy Surge Quashes Animal Spirits Dollar Rallies as Energy Surge Quashes Animal Spirits Reviewed by Marc Chandler on October 06, 2021 Rating: 5
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Markets Look for Direction

October 05, 2021
Overview: The markets remain unsettled. The surge in energy prices, the fears emanating from China's property market, and the unresolved US fiscal drama weigh on sentiment.  Japan stocks continue to unwind earlier gains.  The Nikkei fell for the seventh consecutive session. South Korea and New Zealand markets lost more than 1%.  Hong Kong, Tai…
Markets Look for Direction Markets Look for Direction Reviewed by Marc Chandler on October 05, 2021 Rating: 5
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Soggy Start to the New Week

October 04, 2021
Overview:  Rising energy prices and softer survey data weighs on sentiment.  Tensions between the US and China may rise, which has not been good for equities when the US formally acknowledges that Beijing has not complied with the Phase 1 trade commitments.  OPEC+ is not likely to accelerate output increases of more than 400k barrels as it previou…
Soggy Start to the New Week Soggy Start to the New Week Reviewed by Marc Chandler on October 04, 2021 Rating: 5
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Is the Dollar's Rally since the Disappointing August Employment Report Over? Is the Dollar's Rally since the Disappointing August Employment Report Over? Reviewed by Marc Chandler on October 03, 2021 Rating: 5
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US Jobs Highlight the Week Ahead

October 02, 2021
In the week ahead, the US September employment report is the high-frequency data highlight.  It is the last non-farm payroll report before the November 2-3 FOMC meeting, which, barring a significant downside surprise, will decide to begin the gradual reduction of the Federal Reserve's bond purchases.  Although Fed Chair Powell has tried to dis…
US Jobs Highlight the Week Ahead US Jobs Highlight the Week Ahead Reviewed by Marc Chandler on October 02, 2021 Rating: 5
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October Monthly

October 01, 2021
The US dollar was driven higher in September by two main factors. The first was the anticipation of the Federal Reserve continuing to move toward tapering before the end of the year.  Investors have discounted one hike and part of a second one next year.  To be sure, the US is not leading the move away from maximum monetary stimulus.  Norway hiked…
October Monthly October Monthly Reviewed by Marc Chandler on October 01, 2021 Rating: 5
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US Government Shutdown Averted, while Equities Continue to Slide

October 01, 2021
Overview:  Investors continue to sell equities today.  The Asia Pacific was a sea of red, with Japan, Australia, and Taiwan off 2% or more.  It is the third consecutive weekly loss for the regional benchmark.  Europe's Dow Jones Stoxx 600 is off less than 1% through midday and is down around 2.6% this week, the most since January.  US futures …
US Government Shutdown Averted, while Equities Continue to Slide US Government Shutdown Averted, while Equities Continue to Slide Reviewed by Marc Chandler on October 01, 2021 Rating: 5
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