Author : Marc Chandler

The Canadian dollar appears vulnerable.  It remains firm while the US two-year premium over Canada has risen sharply.   Like others, we do not expect the Bank of Canada to...

Investors are skeptical of Chinese economic data.  However, news yesterday that Chinese exports fell by a quarter in February shocked investors.  Many worry about the implications not just for...

The euro has peeled off a cent from yesterday's high near $1.1060 as some short-term players move to the sidelines ahead of the ECB meeting.  Recall that after peaking...

A few weeks ago, investors were bemoaning a new bear market for equities, and there was much ink spilled drawing parallels between now in 2008-2009.  Falling commodities, weakening growth,...

Recent trends, which include firmer equities and oil, weaker euro and bonds, and stronger dollar-bloc currencies, are reversing today, a turn-around Tuesday of sorts. MSCI's Emerging Market equity index...

Early Tuesday in Tokyo, Japan will announce revisions to Q4 GDP.  A downward revision to business spending risks will shave the initial estimate from a contraction of 1.4% at...

We argue that the dollar is in its third significant rally since the end of Bretton Woods in 1971.  The Reagan dollar rally was driven by the policy mix...

Risk sentiment ended last week on a strong note, and that should carry over into this week.  The global liquidity backdrop remains positive for EM, with the ECB widely...

The US dollar is retracing part of its pre-weekend losses against the European currencies and dollar-bloc today while falling equity prices are underpinning the yen.  Brent is nearing $40...

Sometimes the news stream drives prices, and sometimes the price action drives the narratives.  We argued that the sharp decline in equities at the start of the year was...