Author : Marc Chandler

The US dollar is firm within fairly narrow ranges that have prevailed this week as the market consolidates its recent gains.  Draghi's comments to the European Parliament are similarly...

The main divergence we have emphasized is in monetary policy trajectories.  The first phase, which began late last year and will run through this month, is other countries taking...

Portugal's minority center-right government has collapsed.  It was less than two months old.  Its downfall made possible by the willingness of the Socialists, the main opposition party to form...

The US dollar continues to consolidate its recent strong gains. Its pullback is shallow is corrective in nature. Nothing has materialized to challenge the divergence meme. The US 2-year...

The Swiss National Bank increased its ownership of US equities by about $350 mln in Q3 to $38.95 bln.  The SNB has a stake in some 2500 listed US...

The US dollar continues to consolidate after last week's gains amid greater confidence that the Federal Reserve will likely raise rates next month.  Similarly, after a steep sell-off, major...

The October employment data convinced many that a Fed hike in December is a strong probability.  On top of the strongest average hourly earnings in several years, the US reported...

EM starts the week off on softer footing, as Friday’s jobs report supports the notion of December Fed lift-off.  USD/ZAR is making new all-time highs, and we expect most...

As the Hindi saying goes:  If you live in the water, do not make an enemy of the crocodile. The ruling party in India, the BJP, was defeated in...

The sharp US dollar rally in response to the unequivocally strong jobs data left short-term technical indicators a bit over-extended and the consolidative tone now is not unexpected.  The...