Category Archive: 4) FX Trends

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.

My articles My offer My site About me My books
Follow on:LinkedIN Twitter Seeking Alpha Amazon

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

FX Daily, September 17: Markets Calm(er)

2019-09-17

by Marc Chandler

2019-09-17

Overview: Oil prices have stabilized after yesterday's surge. Both Brent and WTI are holding on to around $7-$8 a barrel gain. Equity markets are mixed. Some are attributing the losses in Asia Pacific outside of Japan (Nikkei rose its highest level since late April), Korea and Australia to the rise in oil prices. European shares opened lower are straddling unchanged levels.

Read More »

FX Daily, September 16: Oil Surge Pared, Markets Remain on Edge

2019-09-16

by Marc Chandler

2019-09-16

Overview: Oil prices surged in the initial reaction to the unprecedented drone attack on Saudi Arabia facilities. Saudi Arabia may be able to restore around half of the lost production in a few days. Saudi Arabia and other countries, including the US, prepared to tap strategic reserves, oil prices have seen the initial gains halved. Brent is trading near $65 after finishing last week near $60.

Read More »

FX Weekly Preview: Six Things to Watch in the Week Ahead

2019-09-16

by Marc Chandler

2019-09-16

The prospect of a third trade truce between the US and China helped underpin the optimism that extended the rally in equities. Bond yields continued to back-up after dropping precipitously in August, led by a more than 30 bp increase in the US yield benchmark. The Dollar Index fell for the second consecutive week, something it had not done this quarter.

Read More »

EUR/JPY rallies the hardest vs EUR/CHF as CHF/JPY spikes following ECB

2019-09-15

by Ross J Burland

2019-09-15

EUR/JPY rallies hard following hawkish ECB cut and trade war optimism. EUR/JPY tracking positive sentiment in financial and commodity markets. While the trade war tensions seem to be easing, with stocks climbing and risk appetite returning in droves to financial and commodity markets, EUR/JPY is up 0.79% on the US session so far following what has been perceived as a hawkish rate cut from the European Central Bank earlier today.

Read More »

Cool Video: Thoughts on ECB

2019-09-15

by Marc Chandler

2019-09-15

A few hours after the ECB announced a new package of monetary accommodation, I joined a discussion on CNBC Asia with Nancy Hungerford and Sir Jegarajah. Here is a clip of part of our discussion. I make two points. The first is about the euro's price action. What impressed me about it was that the euro posted an outside up day, trading on both sides of the previous day's range and closing above its high.

Read More »

The ECB over-delivered (and so did the euro)

2019-09-13

by Forexlive

A month ago, Bank of Finland leader Olli Rehn said it was important to come up with a significant and impactful policy package in September. "When you're working with financial markets, it's often better to overshoot than undershoot, and better to have a very strong package of policy measures than to tinker," he said. The euro slumped on the headlines. The problem was that after you say something like that, market participants adjust...

Read More »

The ECB over-delivered (and so did the euro)

2019-09-13

by Forexlive

A month ago, Bank of Finland leader Olli Rehn said it was important to come up with a significant and impactful policy package in September. “When you’re working with financial markets, it’s often better to overshoot than undershoot, and better to have a very strong package of policy measures than to tinker,” he said. The …

Read More »

FX Daily, September 13: Bonds and the Dollar Remain Heavy Ahead of the Weekend

2019-09-13

by Marc Chandler

2019-09-13

Overview: The markets are digesting ECB's actions and an easing in US-Chinese rhetoric. Next week features the FOMC meeting and three other major central banks (Japan, Switzerland, and Norway). The US equity rally that saw the S&P 500 edge closer to the record high set in late July spilled over to lift Asian markets. Chinese and Korean markets were closed for a mid-autumn holiday.

Read More »

FX Daily, September 12: Focus on the ECB, while the Dollar Slips below CNY7.09

2019-09-12

by Marc Chandler

2019-09-12

Overview: Some gestures in the US-China trade spat have given the market the reason to do what it had been doing, and that is taking on more risk. Equities are higher in Asia Pacific and opened in Europe higher before slipping. The MSCI Asia Pacific and the Dow Jones Stoxx 600 are advancing for the fourth consecutive week.

Read More »

FX Daily, September 11: Dollar is Firm as ECB is Awaited

2019-09-11

by Marc Chandler

2019-09-11

Overview: Global equities are extending their recent gains while bonds remain on the defensive. The dollar is firm. There is a degree of optimism that is prevailing. There are some more overtures in terms of US-Chinese trade. In Hong Kong, developers and banks led an equity rally on ideas that the political tensions may ease. South Korea reported better trade data for the first ten days of September.

Read More »

FX Daily, September 10: Turn Around Tuesday

2019-09-10

by Marc Chandler

2019-09-10

Overview: The momentum from the end of last week carried into yesterday's activity, but the momentum began fading. Today, equities were mixed in Asia Pacific and weaker in Europe. The Dow Jones Stoxx 600 reversed lower yesterday and is slipped further today. The S&P 500 may gap lower at the open.

Read More »

FX Daily, September 9: Market Sentiment Still Constructive

2019-09-09

by Marc Chandler

2019-09-09

Overview: The improvement of investor sentiment seen last week is carrying over into the start of the new weeks. Global equities are firm as are benchmark yields. Asia Pacific equities advanced, except in Hong Kong, where Chief Executive Lam's promise to formally withdraw the controversial extradition bill failed to deter protests.

Read More »

FX Weekly Preview: Gaming the ECB and Putting the Cart Before Horse in the Brexit Drama

2019-09-09

by Marc Chandler

2019-09-09

The step away from the edge of the abyss may have stirred the animal spirits, but it remains precarious at best. The formal withdrawal of the extradition bill in Hong Kong is too late and too little at this juncture. The ambitions of the protests have evolved well beyond that.

Read More »

FX Daily, September 06: Focus Shifts to North American Jobs Before Turning Back to Europe next Week

2019-09-06

by Marc Chandler

2019-09-06

Investors hope that the world took a step away from the abyss in recent days. Developments in Hong Kong, US-China talking, a political and economic crisis in Italy appears to have been averted, and a risk of a no-deal Brexit has lessened. Asia Pacific equities closed the week on a firm note and extended the rally the third week.

Read More »

FX Daily, September 05: Brexit becomes a Dog’s Breakfast as Dollar’s Correction Continues

2019-09-05

by Marc Chandler

2019-09-05

The Dollar Index fell the most in three months yesterday and is experiencing mild follow-through selling today. With hopes that Hong Kong has turned a corner, news that in-person US-China talks will resume next month, and a no-deal Brexit is well on the way to being averted, investor risk appetites are robust today.

Read More »