Author : Marc Chandler

The quarterly report by the Bank for International Settlements does not say it in so many words, but its warning of possible currency and funding mismatches illustrates why the...

Falling commodity prices and better US economic data are the biggest macro drivers for EM, overriding just about all idiosyncratic variables – perhaps with the exception of the weaker...

The new week has begun with two macro-economic disappointments.  First, after the recent capex data, economists had expected Japan's 0.4% quarterly contraction in Q3 to be largely revised away....

Developments in the week ahead will be understood within the context of last week's developments.  The most important of these are the strength of the US jobs report and...

The US dollar remains king.  It continues to receive support through the divergence in growth and interest rate differentials.  Even though the ECB did not take fresh action this...

The US dollar changed little against most of the major currencies but is taking another step up against the yen.  The failure of the Democrat Party of Japan to...

If there was one report to count on to shake up markets, it was the monthly US jobs report.  Part of the issue was that of all the economic...

1) Some EM policymakers are becoming more worried about weak currencies 2) The PBOC failed to drain liquidity for the past three sessions, fueling speculation of a cut in reserve...

The strength of the US employment report is seeing the dollar jump across the board.  The divergent theme is out in relief.  The 321k rise in non-farm payrolls is...

The ECB has not announced any new initiative.  It stands ready to do more next year, but there was no specific mention of sovereign bond purchases.  There was no...