Author : Marc Chandler

The US dollar regained the upper hand as yesterday's downside correction fizzled out.  Draghi provided just enough details of the asset purchase plans to avoid a rout, but not...

1) USD/HKD traded at its highest level since May 2012.2) Russian officials confirm that capital controls are not on the cards.3) The Turkish central bank started to push bank...

This seems to be the first time in several months that ECB President Draghi has been rather anti-climactic.   The disappointment or the "sell the rumor buy the fact"...

The ECB meeting and details about the asset purchase plan is the key event of the day.   However, there is something else happening.  A string of disappointing US...

The European Central Bank meets tomorrow.   The focus is on the details of the asset-backed securities and covered bond plan that was announced last month. There are three key...

With the ECB meeting and US jobs data the key events of the week, it is understandable the August US trade balance, due out Friday, is not drawing much...

Ahead of the ECB's meeting on Thursday where details of the ABS/covered bond purchase scheme are expected to be delivered, the market is particularly sensitive to developments that could...

Several variables are changing simultaneously which are hurting the prospects for Brazilian assets. The main ones are: (A) Dilma is gaining ground and Marina losing momentum faster than we...

The US dollar remains in a consolidative mode as participants await fresh incentives.  The bulls have been denied fresh excuses to push the trend that has carried the US...

The launch of the new 4-year lending facility by the European Central Bank was disappointing.  Participation was light.  Some 255 banks (of 382 eligible institutions, which represent more than...