Category Archive: 4.) Marc to Market

Filter archive by: Show All Show only Articles Show only Videos

US Jobs Details Better than the Headline

2017-01-07

by

2017-01-07

The dollar and US yields are recouping more of yesterday’s decline. A break of $1.0480-$1.05 would suggest the euro’s upside bounce is exhausted. A dollar move above JPY116.80-JPY117.25 would also hint that the greenback was going to make an other run toward JPY118.30-JPY118.60. Sterling support is seen in the $1.2285-$1.2310 area.

Read More »

Cool Video: CNBC’s Power Lunch-China and Mexico

2017-01-07

by

2017-01-07

Marc Chandler - Bloomberg
Two central banks were particularly active today. Chinese officials appear to be engineering short squeeze that has lifted the yuan 1.2% over the past two sessions. While this does not sound like much, it is a record two-day move, for the still closely managed currency.

Read More »

FX Daily, January 06: Dollar Consolidates Losses, Peso Firms while Yuan Reverses

2017-01-06

by

2017-01-06

FX Performance, January 06 2017 Movers and Shakers
I am reading a lot about the pound in 2017 which is likely to be as volatile as in 2016. But the Franc is a harder beast to predict. Loosely tracking the euro but subject to its own rules and trends GBPCHF could be an interesting pair to watch in 2017. There are numerous global events which can shape the direction on the Franc and clients looking to exchange pounds into Francs or move Francs back to the UK should be considering the path ahead.

Read More »

A Few Thoughts Ahead of the US Jobs Report

2017-01-06

by

2017-01-06

ADP and Non-Manufacturing ISM lend credence to our fear of a disappointing national jobs report. Economists estimate only a small part of the manufacturing jobs loss can be traced to trade policy. 19 states increased min wage at the start of the year, but the impact on the nation's average weekly earnings will likely be too small to detect.

Read More »

FX Daily, January 05: Dollar Slide but Resilience Demonstrated while Yuan Squeezed Higher

2017-01-05

by

2017-01-05

FX Performance, January 05 2017 Movers and Shakers
There are two main developments. First, the high degree of uncertainty expressed in the FOMC minutes and the repeated references to the strong dollar spurred a wave of dollar selling. The dollar retreated in Asia, but European participants saw the pullback as a new buying opportunity.

Read More »

FX Daily, January 04: Consolidation in Capital Markets

2017-01-04

by

2017-01-04

FX Performance, January 04 2017 Movers and Shakers
GBP/CHF rates have jumped during the first official day of trading in 2017, with the pair hitting 1.2657 at today’s high. The Pound gained support this morning following positive UK Manufacturing data, which came in well above market expectation. This increased market confidence in the UK economy and the Pound has ultimately benefited as a result, gaining a cent on the CHF.

Read More »

A Few Takeaways from the Latest IMF Reserve Figures

2017-01-04

by

2017-01-04

Official Foreign Exchange Reserves by Currency
Overall reserve holdings hardly changed in Q3. China continues to bleed its reserves from unallocated to allocated. Sterling's share of new reserves warns it may be losing some allure.

Read More »

FX Daily, January 03: Dollar-Bloc and Sterling Advance, while Euro and Yen Slip

2017-01-03

by

2017-01-03

FX Performance, January 03 2017 Movers and Shakers
The US dollar is mixed. After a soft start in Asia, where Tokyo markets were closed, the dollar recovered smartly against the euro and yen. The dollar-bloc and sterling are firmer. Sterling's earlier losses were recouped following news that the manufacturing PMI jumped to 56.1, its highest since June 2014.

Read More »

FX Weekly Preview: What You Should Know to Start the First Week of 2017

2017-01-03

by

2017-01-03

universalgod
Data has already been reported. Trends reversed in the last two weeks. US jobs data may disappoint. It will take a few more weeks to lift some of the uncertainty hanging over the markets.

Read More »

FX Weekly Review, December 26 – 30: Dollar Correction Poised to Continue

2017-01-02

by

2017-01-02

US Dollar/Swiss Franc FX Spot Rate, December 30
The technical condition of the US dollar, which has been advancing through most of the Q4 16, has been deteriorating This led us to anticipate a consolidative or corrective phase.

Read More »

FX Daily, December 30: Dollar Slips into Year End

2016-12-30

by

2016-12-30

New Year
In exceptionally thin conditions that characterize the year-end markets, a reportedly computer-generated order lifted the euro from about $1.05 to a little more than $1.0650 in a few minutes early in the Asian sessions.

Read More »

FX Daily, December 29: Dollar, Equities and Yields Fall

2016-12-29

by

2016-12-29

FX Performance, December 29 2016 Movers and Shakers
In thin holiday markets, a correction to the trends seen in Q4 has materialized. The US dollar is heavy. Japanese and European equities are lower. Bonds are firmer.

Read More »

Cool Video: Double Feature on Bloomberg

2016-12-28

by

2016-12-28

Marc Chandler
I am finishing the year like I began it, on Bloomberg Television, talking about the dollar and Fed policy. Bloomberg has made two clips of my interview available.

Read More »

FX Daily, December 28: Short Note for Holiday Markets

2016-12-28

by

2016-12-28

FX Performance, December 28 2016 Movers and Shakers
Economic data: Japan stands out with industrial production in Nov rising 1.5%, the most in five months. It was a little less than expected, but the expectations for Dec (2%) and Jan (2.2%) are constructive.

Read More »

Great Graphic: Real Wages

2016-12-28

by

2016-12-28

Real Wages 2007 - 2015
This Great Graphic caught my eye. It was tweeted by Ninja Economics. Her point was about immigration. German had much higher immigration than the UK, but also saw real wage increase of nearly 14% in the 2007-2015 period, while real wages in the UK fell nearly 10.5%.

Read More »

FX Daily, December 27: Markets Becalmed in Wait-and-See Mode

2016-12-27

by

2016-12-27

Japan Construction Orders YoY, November 2016
As skeleton teams return to the trading desks in New York, the US dollar is largely where they left it at the end last week. Japanese markets were open yesterday, while UK, Australia, New Zealand, Hong Kong and Canadian markets are still closed today.

Read More »

FX Outlook 2017: Politics to Eclipse Economics

2016-12-26

by

2016-12-26

Economic Events: United Kingdom, Week December 26
Investors are familiar with a broad set of macroeconomic variables that often drive asset prices. Many are familiar with corporate balance sheets, price-earning ratios, free cash flow, Q-ratio, and the like.

Read More »

FX Daily, December 23: Markets Edge into Holiday Weekend

2016-12-23

by

2016-12-23

FX Performance, December 23 2016 Movers and Shakers
Asian shares trade heavily. The MSCI Asia-Pacific Index ex-Japan fell 0.4%. It is the fourth lower close this week and brings the loss to 1.75% for the week. It is fallen in seven of the past nine weeks. The Dow Jones Stoxx 600 is little changed on the session and is nursing a minor loss on the week and could snap a two-week advance.

Read More »

Where Do US Companies Hire Abroad?

2016-12-23

by

2016-12-23

High-wage economies of Canada, EU, Japan and Australia account for nearly half of US corporate employment abroad. And even in low-wage regions, the high-wage parts tend to draw more US employment. The new US administration may have second thoughts about pivot to Asia, but US companies may not.

Read More »

FX Daily, December 22: Mixed Dollar amid Light News as Investors Move to Sidelines

2016-12-22

by

2016-12-22

FX Performance, December 22 2016 Movers and Shakers
GBP/CHF rates have dipped over the past week, as the markets start to slowdown ahead of the Christmas period. Market trends become harder to predict at this time of year, due to the fact there is less capital injected by investors. Less liquidity ultimately equals less stability and the Pound may be suffering due to investors pulling their funds away from it and into safer haven currencies such as the CHF.

Read More »