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Great Graphic: Another Look at the Canadian Dollar

March 24, 2016
We have been looking for a bottom in the US dollar against the Canadian dollar.  It is been difficult, but now it appears that the technicals are turning.  This Great Graphic, from Bloomberg, shows that the US dollar is moving above a trend line down off the January 20 high just below CAD1.47. 
The downtrend line connects the late February high an…
Great Graphic: Another Look at the Canadian Dollar Great Graphic: Another Look at the Canadian Dollar Reviewed by Marc Chandler on March 24, 2016 Rating: 5
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Is that Buzzing Sound Helicopter Money?

March 24, 2016
Helicopter money is the rage.  Central banks are talking about it.  Economists are debating it.  The media is rife with coverage.     While it sounds important, it is not precisely clear what helicopter money means.  
It appears to have originated with Milton Friedman.  In 1969, he wrote: "Let us suppose now that one day a helicopter flies ove…
Is that Buzzing Sound Helicopter Money? Is that Buzzing Sound Helicopter Money? Reviewed by Marc Chandler on March 24, 2016 Rating: 5
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Dollar Continues To Recoup Recent Losses

March 24, 2016
A few short hours stand in the way of the long holiday weekend for many.  The capital markets are retracing the recent moves.  This means equities and commodities are lower.It means bonds are firmer and the dollar stronger.
The markets response to the ECB and FOMC recent meetings was to extend trend moves.   However, this entire week has been the c…
Dollar Continues To Recoup Recent Losses Dollar Continues To Recoup Recent Losses Reviewed by Marc Chandler on March 24, 2016 Rating: 5
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ECB, Corporate Bonds, and Credibility

March 23, 2016
The euro's rallied shortly after the ECB announced numerous monetary measures that in their totality were more than expected.  Many saw this as proof that monetary policy had lost its effectiveness, and central banks have lost credibility.   
Recall summer of 2012.  The market anticipated another round of asset purchases by the Federal Reserve.…
ECB, Corporate Bonds, and Credibility ECB, Corporate Bonds, and Credibility Reviewed by Marc Chandler on March 23, 2016 Rating: 5
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Great Graphic: Brexit Fears Boost Sterling Put Buying

March 23, 2016
The UK referendum is three months away.   Three-month options are a common benchmark for various market segments; from speculators, to fund managers to corporations.  Events over the past week have raised the risks that the UK votes to leave the EU.
The market has responded forcefully today, and even if you only follow the spot market, what is hap…
Great Graphic: Brexit Fears Boost Sterling Put Buying Great Graphic: Brexit Fears Boost Sterling Put Buying Reviewed by Marc Chandler on March 23, 2016 Rating: 5
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