Author : Marc Chandler

The dollar's advance accelerated since the end of February.  The momentum has surprised everyone.  Pullbacks continue to be shallow. The move appears to have taken a life on of...

It is precisely because the euro's decline is over-determined that the slide has accelerated.  It is not just that the ECB is buying sovereign bonds.  It is not just that...

The US dollar's bull advance, spurred by the divergence in the monetary policy, is continuing in earnest today after briefly consolidating yesterday.  The greenback traded at new multi-year highs against...

In the 1980s and 1990s, there was a split in the Green Party in Germany. The fundis were very principled and doctrinaire.  The realos were more interested in sharing power to...

Oil prices fell from the middle of last year through mid- to late-January.  They have been broadly sideways since.  The April light sweet futures contract has been in a $48-$55...

EM is starting the week on its back foot, continuing the trend seen for most of this past month.  The dollar is making multi-year highs against many EM currencies,...

The euro finished last week three standard deviations below its 20-day moving average.  Even though the returns in the foreign exchange market are not normally distributed, this is a...

The key fundamental fact that is shaping the investment climate was underscored last week.  The ECB announced that it will begin its accelerated asset purchases on March 9.  The...

The strong US employment report offset some of the disappointing data in recent weeks.  It reinvigorated confidence that the Federal Reserve will move to raise rates later this year....

A key shift at the Federal Reserve that many in the market have not grasped is that the Fed funds target is a range now not as fixed point...