Author : Marc Chandler

The US dollar is broadly mixed as attention turns to the FOMC statement later today.   The most important development has been the unexpectedly large oil inventory build reported by...

Equities and oil continue to be moving in the same direction.  During the first few weeks, they were moving down together and now up together.  It is frustrating for...

Reports indicating that Italy is close to establishing a bad bank prompted one wag to ask if Italy does not already have enough.  The country may be better served...

With equities sliding and oil pushing back below $30, it may feel like the resumption of moves in the first two and half weeks of the year, but it...

The Bank of Japan meets later this week.  We do not think that it will expand its already aggressive monetary policy stance.  Given the largely operational adjustments announced last...

Greek Prime Minister Tsipras is celebrating the one-year anniversary of his election.  He offered Greek voters an opportunity to replace him last summer, but they stuck with him.  Many...

EM enjoyed a nice bounce to end last week. The global liquidity outlook has clearly moved in favor of EM, at least for now.  However, the overall global backdrop...

Asia followed suit, extending the recovery seen in the last couple of sessions to end last week.  Equities rose as did oil prices.  The MSCI Asia-Pacific Index rose 1.2%,...

Whatever force had gripped the global capital markets since the start of the year has been broken.  This simple characterization is rich.  It is not clear if, or what,...

The latest Commitment of Traders report that covers the four sessions through January 19 saw speculators anticipating the continuation of the current moves.  Of the sixteen gross positions we...