Marc Chandler's Comment & Analysis
A complete archive of Marc Chandler's articles, including current analysis & comment.
Emerging Markets ended last week under pressure. With two potentially disruptive events (FOMC meeting and Brexit vote) still in play, we think that EM softness should carry over into this week....
EM ended last week on a firm note. Given the absence of any Fed-specific risks or any major US data releases, that firmness could carry over into this week. The failure to reach an agreement in Doha...
The market's disappointment with the ECB unleashed pent-up corrective forces in the foreign exchange market. This leg up in the dollar began in mid-October. Through the day before the ECB, the euro...
The US dollar and yields surged as the divergence meme, which had been increasingly doubted, returned with a vengeance. The 271k rise in nonfarm payrolls was the most this year. The 2.5%...
The US dollar fell against most of the major and emerging market currencies for the second consecutive week. The combination of market positioning, weak confidence that the Fed will hike rates this...
The unexpectedly poor September US jobs data weakened the greenback's technical tone, as questions about the underlying strength of the world's largest economy, and the implications for the Fed's...
The US dollar rose against all the major and emerging market currencies over the past week, save the Russian ruble, which gained about 1.5%. Comments from several Fed officials, and most notably...
1) Reports suggest the PBOC will impose a 20% reserve requirement on financial institutions trading FX forwards 2) The HKMA had to intervene this past week at the strong side (7.75) of the HKD peg 3)...
The US 10-year Treasury yield has risen 30 bp since Monday's low-water mark. There are a number of reports that try to link the backing up in US yields to purported sales by China. The Chinese sales,...
China appears to be flailing. Its stock market stabilization efforts have failed miserably. It looks as if it has botched another attempt to let market forces have greater sway over the yuan's...