Marc Chandler

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By Marc Chandler On Thursday, January 18th, 2018

Political Backdrop Can’t Stop The Strengthening Euro

After sliding from mid-2014, the bottom solidified last year when it became clear that the populist-nationalist wave that was said to be behind the UK rejection of the EU and the US election of Trump was not going More...

By Marc Chandler On Wednesday, January 17th, 2018

Dollar Stabilizes After Marginal New Lows

After a shallow bounce in Asia and Europe yesterday, the slipped lower in North American yesterday. Asia was happy to extend those dollar losses, and the greenback was pushed to marginal new lower in Asia, but More...

By Marc Chandler On Friday, January 12th, 2018

Euro Jumps Higher

There is one main story today and it is the surge. The euro began the week consolidating it recent gains a heavier bias, but the record of last month’s ECB meeting surprised the market with its seeming willingness More...

By Marc Chandler On Thursday, January 11th, 2018

Capital Markets Calmer, Greenback Consolidates

As market participants were just getting their sea legs back after the start of the year, it was hit by a one-two punch of ideas that BOJ policy was turning less accommodative and that Chinese officials were wary More...

By Marc Chandler On Wednesday, January 10th, 2018

Yen Short Squeeze Extended

Sparked by fears that the BOJ took a step toward the monetary exit by reducing the amount of long-term bonds it is buying, there is an apparent scramble to cover previously sold positions. The finished last week More...

By Marc Chandler On Tuesday, January 9th, 2018

Dollar Correction Extended

The upside correction that began before the weekend has been extended in Asia and Europe today. The main exception is the The yen’s modest gains have been registered despite the firmness in US rates and More...

By Marc Chandler On Monday, January 8th, 2018

Dollar Posts Modest Upticks To Start The New Week

The is enjoying modest but broad-based gains after trading firmly at the end of last week despite the slightly disappointing jobs report. The dollar’s upticks are understood to be corrective in nature. The More...

By Marc Chandler On Sunday, January 7th, 2018

Technicals Warn Of Coming Dollar Bounce

The had been sold hard in the second half of December through last week. Regardless of one’s medium or longer-term views, the technical indicators warn that the sell-off is stretched and in need of consolidation, More...

By Marc Chandler On Friday, January 5th, 2018

Dollar Given Reprieve Ahead Of Nonfarm Payrolls Report

As the finished last year, so too did it begin the New Year, and after extending its losses, the bears have paused. Technical factors had been stretched, but it appears to have been old-fashioned macroeconomic More...

By Marc Chandler On Thursday, January 4th, 2018

Greenback Comtinues To Consolidate Recent Losses

The is sporting a softer profile across the board, though remaining largely in the ranges seen over the past couple of sessions. At the same time, the news stream suggests that the global synchronized growth cycle More...