Author : Marc Chandler

The Greek election is on January 25.  Syriza, the leftist party that seeks to negotiate more aggressively with the Troika and roll-back some of the austerity imposed appears to...

The market is still trying to make sense of yesterday's bombshell by the Swiss National Bank to abandon its franc cap, affirmed as an integral part of central bank's...

The price of oil has steadied in recent days after making new lows on Tuesday.  The March WTI futures contract approached its 20-day moving average earlier today (~$52.30) for...

Over the last week, Egypt (+6.4%), UAE (+3.4%), and Hong Kong (+3.2%) have outperformed in the EM equity space as measured by MSCI, while Peru (-6.3%), Russia (-4.8%), and...

Seemingly, out of the blue, the Swiss National Bank abandoned its cap in the Swiss franc (euro floor) and moved deeper into negative interest rates.  This has seen the...

The key axis in Europe is between creditors and debtors.  Each pushes their own interests.  The regime of austerity in Europe indicates that the creditors have had the upper...

The most important development today was the preliminary indications by the European Court of Justice that the ECB's Outright Monetary Transaction initiative was "in principle" consistent with the ECB...

Brent oil is off another 3% today, taking its decline since the end of last year to 20%.  This is overshadowing other macro-economic forces.  With the Federal Reserve among...

The two main knocks against the US from global investors have been largely addressed.  The US budget deficit has been reduced from 10% of GDP to less than 3%....

EM is starting the week facing several familiar cross-currents.  The dollar is strengthening again, oil prices are still falling, but equities are moving higher.  This constellation seems to suggest...