Author : Marc Chandler

The conventional narrative has it backward.  It worries about the threats to stability emanating from the periphery in Europe.  Policymakers, investors, and economists still refer to the "Greek, Irish,...

What a difference a few days make.  Many saw last week's equity market advance a sign that Brexit anxiety was overdone.  However, quarter-end position adjustments appear to have been...

Sterling is continuing to move lower.  It has tested the $1.3050 area in the North American morning, having been under pressure through the Asian session and the European morning. ...

The British pound has been hammered to fresh lows just above $1.3115.  The euro is moving toward GBP0.8500.  The immediate catalyst is three-fold. First, one of the UK's largest...

Monday, while Americans were celebrating the original Brexit, the US dollar drifted lower.  The Australian dollar fully recovered from electoral uncertainty drop to finish about 0.5% higher.  Asian and...

EM and risk recovered nicely from the Brexit turmoil last week.  Yet we think markets are being too carried away with the "low rates forever" theme and are likely...

There have been two developments that are shaping investment climate.  The first was the dramatic rally in equity markets last week, with many recovering nearly all that was lost...

In the sessions before and after the UK referendum speculators in the currency futures did three things. First, they generally reduced exposure.  This means gross longs and short positions...

The US dollar turned in a mixed performance in the week after the UK decision to leave the EU.  There was an acute market reaction for a couple of...

Indonesia’s parliament approved a tax amnesty bill, Korea announced KRW20 trln ($17 bln) in fiscal stimulus, Czech President Zeman said a referendum on EU and NATO membership should be...