Marc Chandler | TalkMarkets | Page 181
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: What Has Changed - Friday, Jan. 27
In the EM equity space as measured by MSCI, Mexico (+5.1%), Russia (+4.5%), and Poland (+4.0%) have outperformed this week, while UAE (-1.5%), Hungary (-0.1%), and South Africa (flat) have underperformed.
US GDP Misses, But Final Domestic Sales Accelerate
The first estimate of Q4 16 US GDP undershot expectations at 1.9%. Most had looked for annualized pace of a little more than 2% after the 3.5% pace in Q3.
Week Ending On Mixed Note As Year Of Rooster Begins
The pullback in the yen this week lent support to Japanese equities.
Are Interest Rates No Longer Driving The Dollar?
The US 10-year yield is at its highs for the year, and yet the US dollar has been struggling to gain traction.
Dollar Is Firmer, But Mostly Sidelined, As Equity Charge Continues
The US dollar is mostly firmer against the major currencies but is confined to narrow ranges, and well-worn ranges at that, but the focus has shifted to the strong advance in equities.
Great Graphic: Mexico And China Unit Labor Costs
The Mexican peso depreciated 17% last year. The yuan fell 6%.That 11% differential likely swamped the change in productivity and wages.
Trade Is Trump's Centerpiece
There have been two initiatives: formally withdrawing for the Trans-Pacific Partnership and indicating a desire to re-open NAFTA. Neither one is surprising, but will likely nevertheless have far-reaching ramifications.
Dollar Is On The Defensive Despite Firmer Rates
The US dollar is softer against nearly all the major currencies. Participants appear to be growing increasingly frustrated with emerging priorities of the new US Administration.
UK Supreme Court Requires May To Submit Bill On Brexit To Westminster Parliament
The issue now becomes parliamentary in nature in the sense that the government will craft a bill to minimize the scope for amendments, and which amendments are discussed and for how long.
How A Strong Dollar Weighs On Net Exports
Investors appreciate that a strong dollar can impact US growth through the net export component of GDP.
Bloomberg's Daybreak - Trump And Rates
In the most recent CFTC reporting week, which ended on January 17, speculators in the 10-year note futures market reduced the record net short position. It is only the second week reduction since the end of November.
UK Supreme Court Decision: Anti-Climactic?
A week ago, sterling gapped lower anticipation of May's speech on Brexit. Today it has pushed higher to reach its best level since December 19.
Dollar's Pre-Weekend Retreat Extended In Asia Before Stabilizing In Europe
The US dollar had a poor close in the North American session before the weekend as investors appear increasingly anxious about the new US Administration's economic policies and priorities.
Emerging Markets: Preview For The Week Ahead
Several EM central banks meet this week, including Israel, Turkey, Hungary, South Africa, and Colombia. Of these, Turkey’s is the most important as we believe that a big rate hike is needed to help support the lira.
The Challenging Week Ahead
Ultimately, public policies and private sector behavior, not speeches or wishes, drive interest rates, equities, and currencies. Investors will have to get accustomed to the new Administration's way of conducting itself and communicating.
Speculators Swing Back To Net Long Aussie
Speculators reduced exposure to the major European currencies by liquidating longs and covering shorts. In the euro, this has been a bit of a trend.
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