Marc Chandler

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By Marc Chandler On Sunday, March 18th, 2018

Will The Fed Rate Hike Be Dollar Bullish?

Investors remain convinced that the Federal Reserve will lift its interest rate target when its meeting concludes on March 21 with new forecasts and a press conference. Recent disappointing data, especially , and More...

By Marc Chandler On Wednesday, March 14th, 2018

U.S. Trade Deficit May Not Be As Large As Optics Suggest

There are joint and distributional gains from trade. That a rising tide lifts all boats (joint gains) is nice in theory but how those gains are distributed is critical in the competition among nations. Within a More...

By Marc Chandler On Tuesday, March 13th, 2018

Non-Economic Developments Dominate Ahead Of U.S. CPI

The ‘s 6% gain against the dollar this year makes it the strongest of the major currencies in the first quarter. Investors have been given another reason not to resist the seasonal pressures that often see More...

By Marc Chandler On Monday, March 12th, 2018

Another Goldilocks Moment For Global Growth

Spring is around the corner in the Northern Hemisphere, and with it, a sense of a Goldilocks moment. Growth is sufficiently strong to see grow and absorb the economic slack. In the US, the of the key 25-54 aged More...

By Marc Chandler On Sunday, March 11th, 2018

Dollar Bloc Could Outperform Other FX Majors This Coming Week

Last week we saw a decidedly mixed tone. The picture has become clearer, the technical tools we use suggest that the dollar-bloc is better positioned than other majors, like the , , and . The macro backdrop is More...

By Marc Chandler On Friday, March 9th, 2018

Today Is About Jobs (But Not Really)

The US Administration has softened its initial hardline position of no exemptions for the new and tariffs. There is little doubt that the actions will be challenged at the World Trade Organization and the idea More...

By Marc Chandler On Thursday, March 8th, 2018

Euro Slips Ahead Of ECB Meeting

Expectations that the would change its forward guidance in a substantive way had been one of the factors behind the appreciation. However, more recently, the anticipation has slackened. The last meeting took place More...

By Marc Chandler On Wednesday, March 7th, 2018

Renewed Threat Of Trade War Makes Investors Angry

In response to the resignation of one of the few “globalist” advisers in the US Administration, the resignation of Cohn has sent ripples through the capital markets. Stocks have been marked down across More...

By Marc Chandler On Monday, March 5th, 2018

Italian Election Weighs On Italian Assets, But Little Systemic Risk Seen

The Italian election results look a bit more euro-skeptic, but the not far from what the polls showed. Coalitions matter under the new electoral rules, and the center-right coalition appears to have the most votes, More...

By Marc Chandler On Monday, March 5th, 2018

7 Market Drivers This Week Include 4 Central Banks, U.S. Jobs Data

The German Social Democrats have endorsed the Grand Coalition, ending the period of political uncertainty and paralysis in Germany since last September’s election. The polls have suggested nearly 60% of the More...