Marc Chandler | TalkMarkets | Page 227
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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Spec Positioning In The FX Futures: First Net Long Yen In 3 Years
The month of December saw a large adjustment of the speculative positioning in the yen. It was probably both a cause and effect of the 2.4% appreciation of the yen over the course of December.
Nuanced Dollar Performance Likely In The Week Ahead
A tumultuous start of the year saw the US dollar turn in a mixed performance. Emerging market currencies and the dollar-bloc softened. Sterling was in this camp, losing about 1.2% against the dollar.
Great Graphic: Euro Flirting With Downtrend Against Sterling
The euro appears to be carving out a bottom against sterling. This Great Graphic, created on Bloomberg, is a weekly bar chart of the cross.
US Growth Accelerates, Dollar Advances
US grew nearly 300k jobs in December. The October and November jobs growth were revised up by 50k. The unemployment rate was unchanged at 5.0%, even though the participation rate ticked up.
Markets Calm Ahead Of US Jobs Data
Many observers see the market turmoil as potentially offsetting improvement in the labor market in guiding the Federal Reserve. Part of the reason the Fed did not hike in September was due to the volatility in the global capital markets.
Don't Believe Your Lying Eyes
Chinese equities continued their precipitous decline, interrupted by the new circuit breakers, which reportedly will be suspended. Global equity markets are also in a dramatic decline.
Great Graphic: Possible Head And Shoulders In Dollar-Yen
Although many talk about safe haven role for the yen, this seems to be a misconception.Investors are not buying the yen to escape the turmoil of the markets.
Is It Too Early To Talk About Annus Horribilis?
The uncertainty over the intentions of Chinese policy makers, and the opaqueness of the decision-making process, rightfully spooks investors who recall the contagion effect last August.
Bernanke And The Forever (Currency) War
Former Fed Chair Bernanke has penned a blog post that seeks to refute claims that the US monetary policy was the start of a currency war. Many in the media and the analytic community ran with the currency war concept, much to our dismay.
Great Graphic: Is Gold Breaking Out?
A six-year low was recorded in early December. That low was retested a fortnight later. Between the two lows, gold reached almost $1089. If this is a double bottom, the minimum measuring objective is near $1132.
New Day, Same Market
The US dollar and Japanese yen have begun the year on a firm note, as have bonds, while equities markets have moved lower. This continues unabated today.
Great Graphic: The Euro Touchstone
This Great Graphic is a favorite of mine. It depicts the 2-year spread between Germany and the US on two-year money (white line) and the euro-dollar exchange rate (yellow line). The chart covers the past five years.
The Enigmatic Yen - It Is More Than An Equity Story
Last year was the fourth consecutive year that the yen fell against the dollar.
Focus Is Squarely On Equities, Dollar And Yen Firmer
Chinese shares and the yuan stabilized with the apparent help of the government's guiding hand, but global markets are still on the defensive.
Sweden's Riksbank Prepares Intervention
Many countries may look with envy upon Sweden. Growth last year was probably around 3%, with household consumption rising a little more than 2%.
Europe's Banking Union Begins Taking Shape
The knock-on effects of the meltdown in Chinese shares and the tension among major Middle East rivals are dominating the re-opening of the global capital markets after the New Year holiday.
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