Marc Chandler | TalkMarkets | Page 159
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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Euro Recovers From Softer Flash PMI
The flash PMI was softer than expected, and although the composite fell to six monthly lows, it is more a reflection of how steady it has been at elevated levels.
Emerging Markets Week Ahead Preview - July 23
EM FX was mixed on Friday, but largely firmer over the entire week. The FOMC meeting this week poses some potential risks to the global liquidity story that’s supporting EM.
Don't Be Confused By The Facts Or Why Neither The Data Nor The Fed Will Alter Market Trends
ECB President Draghi signaled that central bank would reconsider policy at the September meeting when officials return from summer holidays, and new staff forecasts will be available.
Speculators Switch To Net Long Canadian Dollar Futures
Since the beginning of May the Canadian dollar has been the strongest of the major currencies. However, until the most recent CFTC reporting week ending July 18, speculators in the futures market were net short.
Dollar Slide Continues
The US dollar lost ground against all the major currencies, save sterling, over the past week, and also fell against most emerging market currencies.
Emerging Markets: What Has Changed - Friday, July 21
In the EM equity space as measured by MSCI, South Africa, Chile, and China have outperformed this week, while Indonesia, Russia, and Colombia have underperformed. To put this in better context, MSCI EM rose 1.2% this week while MSCI DM rose 0.5%.
Dollar Licks Wounds As News Stream Doesn't Improve
The US dollar is very much unloved. The apparent stabilization of the political situation in Europe and sustained pace of above trend growth contrasts with the US where the political situation leaves much to be desired and the economy is uninspiring.
ECB Game Day
The ECB President is expected to continue to prepare the market for what is likely to be an announcement at the September meeting, which will also feature new staff forecasts.
More Thoughts On The ECB
The rise of the German two-year yield may be cited as evidence that the market is pricing in an ECB rate hike, but that seems like a stretch, especially given that is is still in deeper negative territory that the deposit rate.
Dollar Stabilizes On Hump Day, Awaits Thursday's BOJ And ECB Meetings
After being shellacked to start the week, the US dollar is being given a small reprieve today as investors await tomorrow's BOJ and ECB meetings.
Where We Stand
Many observers have argued that there was a shift in the Fed's view that Yellen articulated in her testimony. In particular, many economists and journalists claim she expressed "increasing concern" about the softer inflation readings.
Dollar Dumped On Doubts On US Economic Agenda
The US dollar was already trending lower against most of the major currencies, and the losses had accelerated following disappointing news on retail sales and uninspiring CPI.
US Tax Efforts Still Moving Forward
Reports suggest the corporate tax rate could be cut to 23%. Including state and local taxes, the current tax schedule puts the marginal tax rate near 39%, compared with a 24.8% on average in the OECD.
Markets Mark Time, Dollar Consolidates Losses
After falling to new lows for the year against several major currencies in response to disappointing retail sales and uninspiring CPI before the weekend, the US dollar has begun the new week on a more stable note.
Emerging Markets: Preview Of The Week Ahead - Monday, July 17
The ECB meeting this week will draw some interest, especially after the BOC last week became the second major central bank to hike rates.
Focus Shifts From Fed To ECB
The focus shifts in the week ahead from Yellen's testimony and disappointing data to the ECB meeting which is expected to result in a further modest adjustment in its risk assessment.
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