Marc Chandler | TalkMarkets | Page 206
Political Economist
Marc Chandler has been covering the global capital markets in one fashion or another for more than 25 years, working at economic consulting firms and global investment banks. Chandler attended North Central College for undergraduate work, where he majored in political science and the humanities. ...more

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New Wrinkle In European Bail-In Efforts
After the 2007-2008 bank recapitalization by governments, which means taxpayers' money, Europe changed the rules. The new rules require that private investors are "bailed in" before the bank is "bailed out."
Whirlwind Discussion; UK, Politics & The Dollar
Sterling shot up to almost $1.3020, and as was the case last week, there appeared to be a wall of sterling sellers lurking there. Sterling was trading below $1.29 when the today's news hit and has given back half of its gains to trade below $1.2940.
Dollar Extends Gains
The combination of the rebounding US job growth and gains in the S&P 500 to near record levels before the weekend is helping boost the US dollar against the major currencies, while the emerging market currencies are mixed.
Emerging Markets: Preview Of The Week Of July 11
EM and other risk assets rallied on Friday after the strong US jobs data. It appears that markets are pricing in a benign backdrop for risk near-term; that is, the US economy is recovering but not by enough to warrant an imminent Fed rate hike.
Sources Of Movement
The US Q2 corporate earnings season formally kicks-off in the coming week. It is expected to be the sixth consecutive quarterly decline in sales and the fifth straight decline in earnings.
Speculators In Currency Futures Still Don't Believe In The Greenback
There is little doubt that the US economy was recovering from a soft six-month stretch even before the recent string of data. And even then speculators in the futures market mostly added to foreign currency exposures.
Dollar Rallies With Stocks And Bonds
The US dollar rose against the Canadian dollar though it fell against the other dollar-bloc currencies.
North American Jobs Report And Implications
There is something for everyone in today's US jobs report, and at the end of the day, it is unlikely to sway opinion about the direction and timing of the next Fed move.
U.S. Jobs Data, Little Policy Significance, But May Provide Distraction Ahead Of The Weekend
The US employment data tends to be among the most important economic reports during the monthly cycle. It often injects volatility into the market. The report itself tends to be volatile and subject to revisions.
Great Graphic: More Thoughts On Banks
Italian banks were struggling before the UK referendum. The result drove down interest rate, which keeps margins under pressure.
Sterling Bounces Two Cents, But Does Not Appear Sustainable
Amid a better if not strong risk appetite, sterling has rallied two cents from yesterday's lows near $1.28 to poke through the $1.30 level in the European morning. It was helped by an industrial production report that was better than expected.
Great Graphic: The Yuan's Weakness
The yuan's depreciation this year has been smaller against the dollar than against other major and Asian regional currencies.
Return Of The Repressed: Europe's Unresolved Banking Crisis
A week ago the IMF warned that the biggest contributor to global systemic risk was Deutsche Bank, followed by HSBC and Credit Suisse.
Dollar And Yen Advance Amid Growing Investor Angst
The dollar fell to almost JPY100.60 in Asia. It recovered to JPY101.25 in late-Asian turnover, but selling pressure renewed in Europe and the greenback slipped to JPY100.35, but still does not appear to have found support.
Is Carney The Sole Adult In UK's Political Morass?
Sterling is continuing to move lower. The $1.30 level for sterling has psychological importance. Sterling depreciation feeds through into inflation considerable faster than it will boost the competitiveness of UK manufacturing exports.
Sterling Hammered To New Lows, Yen Pops
Although the yen's gains in such an environment are usually referred to a function of safe haven demand, we continue to think this is a poor way to characterize the price action.
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