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Author : Marc Chandler
About Marc Chandler PRO INVESTOR
Head of Global Currency Strategy at Brown Brothers Harriman.
Stories by the author
The Dollar Slips and Data from Japan Starts the Week
Many markets are closed in Asia, and although Tokyo managed posted equity gain, most other markets in the region that were open fell. In addition, the selling pace picked...
Maybe not Recession-bound, but the Energy Sector is not Helping
With many equity markets having fallen 20% from their peaks, meeting a common definition of a bear market, investors, analysts, and journalists understandably seek a narrative that gives it...
Despite Big News, Futures Speculators Limited Big Moves
The latest Commitment of Traders report covers the week ending February 2 that included the FOMC meeting and the BOJ's surprise cut. There was also speculation of a potential...
The Dollar on its Heals, at Least for a Week
The US dollar traded higher before the weekend with the help a fairly robust jobs report. Although the jobs growth itself was somewhat disappointing, the details were constructive: More...
Balance of Payments Out of Balance? See Errors and Omissions
Chinese markets will be closed next week for the Lunar New Year celebration. However, over the weekend, China will report its January reserve figures. The market suspects that the...
An Emerging Markets Status Update
1) China relaxed some rules on foreign capital flows, 2) Malaysian Prime Minister Najib is tightening his grip on power, 3) The Czech National Bank (CNB) has tilted more...
It’s in the Details
The US created fewer jobs than anticipated and the December gain was revised lower. However, the other details were favorable--better than expected. The unemployment rate ticked down to 4.9%,...
Market Focuses only One Eye on U.S. Jobs because…Recession?
The US non-farm payroll report typically dominates the first Friday a new month. In recent years, it has become among the most important economic reports globally. Not today. The...
The Barbarous Relic
Keynes and others may have referred to gold as a barbarous relic, but many investors continue to track it. In early January, we warned that gold appeared to be...
The Pound Brushes off BOE Comments
Sterling has neared the 50% retracement of the 11.5-cent decline since mid-December. It is near $1.4660. After easing ahead of the BOE announcement, sterling sold to $1.4530 on the...