Author : Marc Chandler

Speculative activity remained light in the latest CFTC reporting period ending August 30.  There were no gross position adjustments that we recognize as significant, 10k contracts or more. There...

The US dollar showed an unexpected resiliency to the disappointing August employment data.  The dollar's resilience in the face of the jobs data may reflect that many see the report...

The US grew 151k jobs last month and when coupled with the 20k upward revision to the July figure the net job creation is not far from the 170k-180k...

The US dollar is little changed ahead of the job report.  Our near-term bias is for a lower dollar.   Sterling is flat and is holding on to about a...

How much growth has foreign exchange experienced from the last report in April 2013? Overall trading in foreign exchange has fallen from a year-to-year basis.  Markets in April 2016...

The World Bank sold the equivalent of about $700 mln of a three-year of a multiple currency bond that duplicated the composition of the IMF's Special Drawing Right or...

The new month has begun with a couple of surprises.  The biggest surprise has been the record jump in the UK manufacturing PMI to 53.3 from 48.3.  A much...

Oil has broken down further today.  The ostensible trigger was the larger than expected build in US inventories.  However, the price of oil has been trending lower since the...

There is a small chance that the political deadlock in Spain will be resolved this week.  Despite the agreement on some 150 policy points, the Popular Party and Ciudadanos,...

The US dollar is a little softer against most of the major and emerging market currencies.  The exception is the Japanese yen, where the greenback has moved above JPY103...