Marc Chandler

Fed Chair Powell did not push against the easing of US financial conditions when he ostensibly had an opportunity yesterday. This coupled with expectations of another decline in the US CPI, which will...

The US Dollar has surged. The main impetus comes from the dramatic slide in the Turkish lira. After moving above TRY5.0 yesterday, it reached TRY6.30 today before stabilizing a little below TRY6.0 as...

Speculators continued to amass a significant short sterling position in the futures market. In the CFTC reporting week ending August 22, speculators added 11.7k contracts to the gross short position,...

Recent developments have given rise to doubts over the divergence theme, which we suggested have shaped the investment climate. There are some at the ECB who suggest rates can rise before the asset...

The technical condition of the US dollar, which has been advancing through most of the Q4 '16, has been deteriorating, in our assessment. This led us to anticipate a consolidative or corrective phase....

In thin holiday markets, a correction to the trends seen in Q4 has materialized. The US dollar is heavy. Japanese and European equities are lower. Bonds are firmer.Some reports try to link the moves...

Investors are familiar with a broad set of macroeconomic variables that often drive asset prices. Many are familiar with corporate balance sheets, price-earning ratios, free cash flow, Q-ratio, and...

While few will be trading in the week between Christmas and New Years, we thought it might be helpful to review the dollar's technical condition. We make two overall points. First, although the...

While the Federal Reserve meeting is the highlight this week, the UK has a number of economic reports and the Bank of England's Monetary Policy Committee meets. The UK reports inflation today,...

We showed that younger age cohorts in the UK are more inclined to vote to stay in the EU than their elders. However, some suggested that this consideration is blunted by the fact that the younger...