Category Archive: 4.) Marc to Market

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Net Speculative Positions, Week January 28

2013-01-28

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2013-01-28

Submitted by Mark Chandler, from marctomarkets.com   It is difficult to talk about the US dollar’s performance over the past couple of weeks.  There has been a key divergence.  The dollar has been trading higher against most currencies except the euro and those currencies, like the Swiss franc or the Scandis, that move in the euro’s …

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Net Speculative Positions, Week January 21

2013-01-21

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2013-01-21

Submitted by Mark Chandler, from marctomarkets.com The technical tone of the major foreign currencies deteriorated in recent days.  It appears to be a cascading effect.  Favorite risk-on currencies, like the dollar-bloc, failed to participate in the move against the greenback.  The Swiss franc took the dubious honor of being the weakest currency last week, losing 2.2% …

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Net Speculative Positions, Week January 14

2013-01-14

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2013-01-14

Submitted by Mark Chandler, from marctomarkets.com   There have been some large moves in the foreign exchange market in recent days.  The euro posted its largest rally in four months last week.  The yen has fallen to its lowest level against the dollar since June 2010 and extended the declining streak to nine consecutive weeks, something …

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Marc Chandler, SVP foreign exchange, Brown Brothers Harriman

2012-12-13

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Video: Marc Chandler Talks Economic Warfare

2012-11-20

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Brown Brothers Harriman’s chief currency strategist shares his outlook on currency markets in the wake of QE3 and abroad.

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Net Speculative Positions, Week November 19

2012-11-19

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2012-11-19

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  Submitted by Mark Chandler, from marctomarkets.com   The US Dollar Index bottomed on September 14, the day after QE3+ was announced.  It reached a 2-month high before the weekend.  It has now retraced half of the ground lost from ECB President Draghi’s pledge to “to do whatever it takes” through hints, and then delivery, of …

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BBH, Marc Chandler on Global Economy & Headwinds

2012-11-13

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Global Head of Currency Strategy, Marc Chandler from Brown Brothers Harriman & Co., talks about the global economy about what can be done to reduce risk in international financial markets and contribute to a faster global recovery, as well as the main sources of market concern and volatility- Eurozone debt crisis, US debt and the …

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Net Speculative Positions, Global Stock Markets, Week October 29

2012-10-29

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2012-10-29

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  Submitted by Mark Chandler, from marctomarkets.com   The US Dollar Index reached its best level in more than six weeks on Friday.  Yet it managed to only close a couple of ticks higher, as if warning short-term participants against ideas that a breakout is at hand.  This also appears to be the message of the …

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The Three Main Forex strategies: Trend Following, Mean Reversion and the Carry trade. Is the Carry Trade Dead ?

2012-10-15

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2012-10-15

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  Submitted by Mark Chandler, from marctomarkets.com   Net Speculative Positions, FX Outlook, Global Stock Markets, Week October 15    Market participants have to confront a stark asymmetry.  There are many ways to lose money, but there appears to be only three ways to make money. Nearly all strategies seem to come down to some variant …

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Net Speculative Positions, FX Outlook, Global Stock Markets, Week of October 1

2012-10-01

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2012-10-01

chess
  Submitted by Mark Chandler, from marctomarkets.com   If the third quarter was about the reduction of tail-risk by official actions, then Q4 will be about the limitations of the policy response. It will pose a challenging investment climate after what turned out to be a favorable performance in Q3. Equities generally did well. The US …

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Net Speculative Positions, FX Outlook, Global Stock Markets, Week September 24

2012-09-24

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2012-09-24

chess
  Submitted by Mark Chandler, from marctomarkets.com The days ahead will help clarify whether the US dollar’s somewhat firmer tone last week was simply corrective in nature, before a new leg lower, or the carving out of a bottom of a downtrend that began in June against most of the major currencies and July for the …

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BBH, Marc Chandler on Emerging Markets

2012-09-20

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Global Head of Currency Strategy, Marc Chandler from Brown Brothers Harriman & Co., talks about Emerging markets, attractive EM currencies and investing in EM equities. He also shares his views on the concept of currency wars. Chandler speaks with DukascopyTV journalist, Rowena Harris-Doughty on DukascopyTV.

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Net Speculative Positions, FX Outlook, Global Stock Markets, Week September 17

2012-09-17

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2012-09-17

chess
  Submitted by Mark Chandler, from marctomarkets.com   Nearly every development in recent days has been embraced by the foreign exchange market as a reason to continue to do what it has been doing since late July, and that is to sell the dollar.    The German Constitutional Court ruling, allowing the European Stability Mechanism to …

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It’s not simply QE3

2012-09-14

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2012-09-14

Fed Programs and Markets
Submitted by Mark Chandler, from marctomarkets.com The outcome of the FOMC meeting is not just a new round of quantitative easing, some might call it QE3. What the Fed announced represents a new chapter in its policy response. The first distinguishing aspect of its decision is the open-ended nature of it. While it has not indicated … Continue reading...

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Net Speculative Positions, FX Outlook, Global Stock Markets, Week September 10

2012-09-10

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2012-09-10

monopoly
  Submitted by Mark Chandler, from marctomarkets.com Key policy makers are preparing new efforts to address the deterioration of financial and economic conditions.  This is seen reducing tail risks, which allowed the rally in risk assets to be extended, and undermined the dollar.  China is providing new fiscal support.  The ECB announced its new Outright Market …

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Net Speculative Positions, Technical Outlook, Global Markets Ahead of Eventful Week September 3rd

2012-09-03

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2012-09-03

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Submitted by Mark Chandler, from marctomarkets.com   The week ahead kicks off what we expect to be a period of intense event risk. The combination of positioning, judging from the futures market and anecdotal reports, and the low implied volatility in currencies and equity markets warn of heightened risk in the period ahead. The week begins …

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FX Technical Outlook, Net Speculative Positions, Global Markets, week August 27

2012-08-27

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2012-08-27

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Submitted by Mark Chandler, from marctomarkets.com   There are two main drivers behind the price action in the foreign exchange market and they will likely persist in the days ahead.  First, there continues to be position adjustment ahead of the what promises to be eventful few weeks.  Second, the release of the minutes from the August 1 …

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Net Speculative Positions , Global Markets and Outlook, week from August 20

2012-08-19

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2012-08-19

Economist Markets by Aug15, 2012
Currency Positioning and Outlook, week from August 20 Submitted by Mark Chandler, from marctomarkets.com The market is like expectant parents who don’t know the gender of the fetus.   They know something big is around the corner, but they don’t have enough information to make some important decisions.  They can contemplate the future, but there …

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Net Speculative Positions and Outlook, week of August 13

2012-08-13

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2012-08-13

Chess 2
Currency Positioning and Outlook, week of August 13 Submitted by Marc Chandler from MarctoMarkets.com   Market positioning in the week ending August 10 suggests that speculators in the futures market generally agree with our assessment that ECB President Draghi’s recent proposal was not a game changer.  The recent pattern continued.  Essentially what this entails is buying …

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Net Speculative Positions and Technical Analysis,week from August 6

2012-08-06

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2012-08-06

Three player chess
Currency Positioning and Technical Analysis, week from August6 Submitted by Marc Chandler from MarctoMarkets.com The overall technical tone of the US dollar is suspect. During the last few months, it has been trending lower against the dollar-bloc currencies, Canadian and Australian dollars and the Mexican peso.  The greenback has trended higher against the euro and Swiss …

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