Marc Chandler | TalkMarkets | Page 157
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: The Week Ahead
EM FX appears to be rolling over. Technical indicators are stretched as many EM currencies bump up against strong resistance levels. Strong US jobs data is bringing Fed tightening back into focus.
EM FX Technical Picture: Is EM FX Finally Turning?
Is EM FX finally turning? We have been surprised (and puzzled) by how well EM currencies have held up as DM rates have risen. Recent price action suggests we may at an inflection point for EM FX.
Moving Toward September
The release of the US employment data before the weekend ushers in a three-week period before the Jackson Hole confab at the end of the month that will start the new phase.
Speculators Press Ahead With Dollar-Bloc Currencies, But Hesitate With Euro And Yen
In the CFTC reporting week ending August 1, speculators in the futures market continued to build long exposure in the dollar-bloc currencies. In the three sessions after the reporting period closed, the dollar-bloc currencies have traded heavily.
Dollar Approached The Precipice And Paused
The US dollar has fallen for four consecutive weeks against the euro, yen, and yuan. Its technical condition is stretched, and sentiment seems universally negative.
Emerging Markets: What Has Changed - Friday, August 4
The Reserve Bank of India started an easing cycle by cutting all policy rates 25 bp. Czech National Bank became the first in Europe to hike. President Trump signed the Russia sanctions bill.
Constructive US Jobs, But Where Do The Euro Bulls Make A Stand?
The US created 209k jobs in July and jobs growth in June was revised higher (+9k) to 231k. The unemployment rate ticked down to 4.3%, matching the cyclical low set in May.
Does The Employment Report Matter?
It is not that the update on the US labor market is unimportant, but the question for investors is its impact on the powerful trends in the market.
Great Graphic: Unemployment By Education Level
The US reports the monthly jobs data tomorrow. The unemployment rate stood at 4.4% in June, after finishing last year at 4.7%.At the end of 2015 was 5.0%. Some economists expect the unemployment rate to have slipped to 4.3% in July.
Bank Of England Crushes Sterling
Sterling reached a new 11-month high against the dollar earlier today, but the dovish take away from the Bank of England has seen sterling reverse lower.
Dollar-Bloc Currencies Turning, But Euro Downticks Limited
The euro is trading in a less than a third of a cent range today around where North American dealers left it yesterday. Support is seen near $1.1780.
US Auto Sector And Broader Thoughts On The US Labor Market
Since the Great Financial Crisis, the auto sector (not just GM) played an important role but sector sales have fallen in five of the first seven months, and there has not been a single month in which sales surpassed year ago figures.
Euro Climbs Relentlessly, While Greenback Is Mixed
The euro's strength is surely partly a reflection of US dollar weakness, but it is also a reflection of the improved sentiment among investors.
Treasury Quarterly Refunding Announcement And Update On Ultra-Long Bond
Tomorrow the US Treasury will announce its Q3 refunding plans. Yesterday, Treasury said it projected borrowing $96 bln in Q3, which is $2 bln less than it had projected in June.
The Most The Dollar Can Hope For On Turn Around Tuesday Is Consolidation
After taking a step lower in the North American session yesterday, the dollar is consolidating today. The euro is holding above $1.18, and the dollar held JPY110.00. Global equities are mostly higher, while bonds are mixed.
Great Graphic: Italy-It Is Not Just About Legacy
It is true that Italy runs a primary budget surplus. The primary budget surplus has averaged in excess of 2% for nearly two decades. Over this period, Italy debt has soared.
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