Author : Marc Chandler

At best, it is the holiday season when hopes and wishes abound.  It may be as it was for Ebenezer, "an undigested bit of beef, a blot of mustard,...

In thin trading conditions, the major currencies are little changed.  The euro is straddling the $1.22 area.  It has held above the low seen earlier this week near $1.2165....

It ain’t so much the things we know that get us into trouble.  It’s the things we know that just ain’t so.  --- Attributed to several American writers It...

The US dollar’s gains scored yesterday in the wake of a strong upward revision in Q3 GDP to 5% pared slightly today in extremely thin market conditions.  The euro...

As the year winds down, a Gordian knot tying Russia, oil prices and China together is receiving a great deal of attention.  Let us see if we can unravel...

The US dollar is narrowly mixed. The euro is pinned in a quarter cent range above $1.2220. The dollar is higher against the yen for the fifth consecutive session....

EM currencies stabilized after the FOMC meeting last week.  Yet the Fed clearly signaled that it remains on track to start hiking rates around mid-2015.  While Yellen’s guidance was...

The holiday-shortened week has begun.  Some causes of consternation have eased.  Oil prices are firmer after the pre-weekend recovery.  The Russian rouble, where the focus has been greater than...

Shaping the holiday week, we identify five general points that we expect to underpin the US dollar and equities.  1. Last week's events (FOMC and SNB) reinvigorated the divergence...

The powerful divergence theme re-emerged and effectively ended the dramatic correction throughout the capital markets. The FOMC statement strengthened conviction of a mid-2015 lift off, even if the pace...