Marc Chandler | TalkMarkets | Page 202
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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Emerging Markets: Preview Of The Week Ahead - July 31
EM ended last week on a firm note, helped by the weaker than expected US Q2 GDP report as well as the small bounce in oil. With the RBA and BOE expected to ease this week, the global liquidity backdrop remains favorable for EM and “risk.”
After This Week, Does August Matter?
Investors are more confident of the outcome of the Bank of England's meeting than the RBA meeting. After the recent dismal survey readings, indicative prices suggest that a 25 bp rate cut is fully discounted.
Speculators Sell European Currency Futures
There does not seem to be a large pattern in the speculative position adjustments in the CFTC reporting week ending July 26. There was only one significant position adjustment (10k of more contracts).
Dollar Hobbled; Technicals Warn Of More Losses
The US dollar advance was stopped in its tracks by the disappointingly weak Q2 GDP figures. The 1.2% annualized growth rate was roughly half of the pace expected.
Great Graphic: Relative Performance Of Bank Stocks--US, Europe, And Japan
A graphic of the performance of bank share indices of the major bourses.
Kuroda Hesitates, Yen Advances, Focus Turns To Europe And North America
The activist Governor provides the barest of tweaks to what is by nearly any reckoning among the most aggressive monetary policies by a high income economy.
Fasten Your Seat Belts: Friday Promises To Be Tumultuous
July 29 could be among the most challenging sessions of the third quarter.
Dollar Pulls Back Further Post-FOMC
The US dollar's slide since the FOMC statement cannot be easily attributed to a shift in interest rate expectations. Note only was the statement largely as expected, but the September and October Fed funds futures were unchanged on the day,
FOMC Says What It Had To, No More Or Less
The Federal Reserve met market expectations fully. It upgraded its assessment of the economy, recognized that the near-term risks had diminished, and remained committed to normalizing monetary policy.
Oil And Economy Pull The Canadian Dollar Lower
Our informal and simple model for the Canadian dollar has three variables. Oil, interest rates, and general risk environment. Over time, the coefficient of the variables can and do change.
Great Graphic: How The U.S. Recovery Stacks Up
Drawing on official data and the Atlanta Fed's GDPNow tracker for Q2 GDP (2.4%), it shows the current business cycle in the context of a four earlier cycles.
Yen Falls On Fiscal Stimulus, While Sterling And Aussie Can't Sustain Upticks
As uncertainty over Japan's fiscal stimulus roiled the yen and domestic equities, Prime Minister Abe was forced to announce his fiscal intentions earlier than he initially intended.
Fed To Stand Pat, But Statement May Be More Constructive
The Federal Reserve's two-day meeting concludes tomorrow. There is little doubt that it will stand pat. There is not press conference afterward, so the statement is the only thing investors will get.
European Banks' Bad Loans And Coverage
The health of European banks has reemerged as an important market factor this year. The IMF warned that the greatest risk to global financial stability stems from three European banks.
Yen Soars Amid Stimulus Confusion And Doubts
The Japanese yen has gained nearly 1.5% as short-term participants grow skeptical of the kind of stimulus that had driven the yen around 7.5% lower between July 8 and the July 21 six-week high.
Great Graphic: OIl Breaks Down Further
Today's 2.5% fall in the September light sweet crude oil futures contract extends the decline that began on June 9. It is the third consecutive loss and the fifth loss in the past six sessions.
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