Author : Marc Chandler

Speculators in the currency futures made mostly small adjustments to their gross foreign currency exposure.  There were only three position adjustments of more than 5k contacts.  Since the markets...

The US dollar fell against all of the major and most of the emerging market currencies last week.  Risk appetites have been rekindled, and the yen has gone from...

1) China’s central bank announced a 0.5% cut in the required reserve ratio, 2) Moody's cut the outlook on China's Aa3 rating to negative from stable, 3) Argentina and...

The optics of the US jobs report was better than the details, which is the exact opposite of the January employment report.  The US dollar strengthened on the news....

The US dollar is mixed ahead of the US employment data.  The Antipodeans and Scandis are doing best while sterling and the Canadian dollar are under-performing. The US dollar...

Over the next fortnight the major central banks, including the ECB, BOJ, Fed and BOE will hold policy-making meetings.  Of the four, expectations are the highest for the ECB...

The global capital markets are quiet today, as investors await fresh impetus, which could come in the form of tomorrow's US national employment figures.  There is also next week's...

Deflation is portrayed as the great economic scourge.  It exacerbates debt-servicing costs and encourages consumers to defer purchases.  Central banks in Japan and Europe have responded with aggressive, unorthodox...

The angst that characterized the first several weeks of the year continues to dissipate.  Major equity markets are extending their two-week recovery into a third week. Immediate concerns about...

During a period in which the zero bound no longer is the floor of interest rates, and many central banks continue to ease policy, we have been watching gold...