Category Archive: 4) FX Trends

Main Author Marc Chandler
Marc Chandler
He has been covering the global capital markets in one fashion or another for more than 30 years, working at economic consulting firms and global investment banks. After 14 years as the global head of currency strategy for Brown Brothers Harriman, Chandler joined Bannockburn Global Forex, as a managing partner and chief markets strategist as of October 1, 2018.
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Moderating Labor Market is what the Fed Wants

2022-06-03

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2022-06-03

Overview: For the large rally in US stocks yesterday and the sell-off in the dollar, US rates were surprisingly little changed. This set the tone for today's action, ahead of the US employment data. Asia Pacific equities moved higher and Europe’s Stoxx 600 has edged up to extend yesterday’s rise. The 10-year US Treasury yield is little changed, hovering around 2.91%. European benchmark yields are 1-3 bp higher.

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Dollar Gains Pared

2022-06-02

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2022-06-02

Asia Pacific equities were mostly lower.  China and India bucked the trend.  Europe’s Stoxx 600 is steady with no follow through selling after yesterday reversal. US index futures are posting modest gains and are trying to snap a two-day drop. 

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Bank of Canada’s Turn

2022-06-01

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2022-06-01

Overview: The recent equity rally is stalling. Asia Pacific equities were mixed, with Japan, South Korea, and Australia, among the major bourses posting gains. Europe’s Dow Jones Stoxx 500 is slipping lower for the second consecutive session, ending a four-day bounce. US equity futures are little changed.

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Bank of Canada faces a tough test

2022-05-30

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Adam Button from Forexlive joins BNN to discuss the June 2 Bank of Canada decision and the outlook for the Canadian dollar. The loonie is trading at a one-month high but housing will be a headwind in the months ahead. On the flipside, the relentless rally in oil led to a 14-year high in the current account surplus in Q1, with more to come.

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Macro and Prices: Sentiment Swings Between Inflation and Recession

2022-05-14

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2022-05-14

(On vacation for the rest of the month.  Going to Portugal.  Commentary will resume on June 1.   Good luck to us all.) The market is a fickle mistress. The major central banks were judged to be behind the inflation curve.

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Sentiment Remains Fragile, and the Euro and Sterling can barely Sustain even Modest Upticks

2022-05-13

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2022-05-13

Equities are recovering from dramatic losses.  Today, the Nikkei, Hang Seng, and Kospi surged by more than 2%. 

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Dollar and Yen Surge

2022-05-12

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2022-05-12

Overview: Global equities are bleeding lower. Several large markets in the Asia Pacific region, including Hong Kong, Taiwan, and India are off more than 2%. Japan and Australian bourses fell by more than 1.5%.

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Greenback Softens Ahead of CPI

2022-05-11

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2022-05-11

Overview: It appears that investors have become more concerned about growth prospects and less about inflation in recent days. The US 10-year yield that had flirted with 3.20% at the start of the week is now around 2.93%.

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No Rest for the Weary

2022-05-10

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2022-05-10

Overview: Risk appetites are improving on the margin. Asia Pacific stocks still fell after the sharp losses on Wall Street on Monday. Still, China, Taiwan and Indian equities traded higher. Europe's Stoxx 600 is snapping a four-day 6.5%+ slide and is up around 1.2% in late European morning turnover.

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Forex Live – The Premier Source of Financial News for Professional Traders

2022-05-10

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Discover real-time market news, technical analysis, live charts and quotes, education, and more at https://www.forexlive.com/

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The Week Ahead: US CPI and PPI Set to Soften

2022-05-07

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2022-05-07

The Fed's 50 bp rate hike is behind us.  Another 50 bp hike is expected next month. The April employment report will do little to calm the anxiety about the "too tight" labor market. 

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Fed Day

2022-05-04

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2022-05-04

Overview: The markets are mostly treading water ahead of the FOMC decision later today. Tech stocks tumbled in Hong Kong and the Hang Seng fell a little more than 1%, while India was the worst performer in the region falling over 2% following an unexpected and intra-meeting hike by the Reserve Bank of India.

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Martin Schlegel appointed to SNB

2022-05-04

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2022-05-04

Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose.

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RBA Surprises with a 25 bp Hike

2022-05-03

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2022-05-03

Overview: The large bourses in Asia Pacific except Hong Kong eased.  Japan and China's mainland markets are closed for the holiday.  Europe's Stoxx 600 is up about 0.6%.  It gapped lower yesterday and has not entered the gap today.  US futures are a little softer. 

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The Euro Continues to Stuggle to Sustain Even Modest Upticks, but Specs Still Long in the Futures

2022-05-02

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2022-05-02

Overview: The US dollar begins the new week on a firm note ahead of the mid-week conclusion of the FOMC meeting.  Many centers are closed for the May Day holiday, making for thinner market conditions.  Equities are mostly lower in the markets that traded today.  This includes Japan, South Korea, Australia, and India in the Asia Pacific. 

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May 2022 Monthly

2022-05-01

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2022-05-01

The general contours of the business and investment climate are being shaped by three forces.  First, Russia's invasion of Ukraine and the sanctions boost price pressures and slow growth.

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Did China’s Politburo Throw Markets a Lifeline?

2022-04-29

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2022-04-29

Overview: Speculation that a midday statement by China's Politburo signals new efforts to support the economy ahead of  next week's holiday appears to have stirred the animal spirits. 

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Central banks have taken off the gloves in the fight against inflation

2022-04-26

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Central banks have taken off the gloves in the fight against inflation. They’ll win but global growth will lose out. The market is no longer convinced that global central banks can tame inflation without a major hit to growth. Maybe that's not a recession but it's a much slower growth paradigm than assumed. We’re now pricing in terminal rates at the highest levels since before the financial crisis and the risks from there remain to the upside....

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China’s Covid Sends Commodities Lower and helps the Dollar Extend Gains

2022-04-25

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2022-04-25

Overview:  Fears that the Chinese lockdowns to fight Covid, which have extended for four weeks in Shanghai, are not working, and may be extended to Beijing has whacked equity markets, arrested the increase in bond yields, and lifted the dollar. 

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Taking A Deep Dive Into Forex & World Currencies With Marc Chandler

2022-04-24

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Economist Danielle DiMartino Booth sits down with Marc Chandler. About the guest: Marc Chandler is a foreign exchange market analyst, writer, speaker, and professor. On August 19, 2009, Bloomberg L.P. published Chandler's first book, Making Sense of the Dollar. Marc has been covering the global capital markets for more than 30 years, including stints as the global head of currency strategy for both HSBC and Brown Brothers Harriman. Chandler...

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