Author : Marc Chandler

"Every thinking person in America is going to vote for you Governor Stevenson," said an enthusiastic voter.  "I am afraid that won't do.  I need a majority," reportedly quipped...

Activity in the global capital markets is subdued. Yesterday's moves are being consolidated, and the dollar has been confined to narrow ranges.  The euro is in a quarter cent...

The US dollar remains under pressure.  It is off for the third day against the yen and slipped below JPY109 for the first time in a little more than...

OPEC ministers meet in Vienna tomorrow. Expectations could hardly be lower.  Attempts to agree on an output freeze were stymied by the Saudi's insistence that is rival Iran participates...

The US dollar is trading with a heavier bias to start the month of June.  Weaker stocks and firmer bonds has seen the yen rise the most, while sterling's...

Many market participants began talking as if it were nearly a done deal that the UK will vote to stay in the EU.  It is as if Winston Churchill's...

The US dollar is broadly mixed.  The main narrative of increased prospects for a Fed hike in June or July has been pushed off center stage as the market...

EM ended last week on a soft note.  The icing on the cake was Yellen’s speech Friday afternoon, which confirmed the more hawkish stance seen in the FOMC minutes...

The US dollar bottomed against nearly all the major currencies on May 3.  The hawkish April FOMC minutes that began swaying opinion about the prospects for a summer rate...

There were only two significant speculative position adjustments in the latest CFTC reporting week ending May 24.  Speculators liquidated 31.4k gross long yen contracts, leaving the bulls with 54.8k...