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.

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FX Daily, September 04: HK Concession and Better EMU PMI Overshadows Self-Inflicted Trade and Brexit Woes

2019-09-04

by Marc Chandler

2019-09-04

Risk appetites have been bolstered by three developments. The UK appears to have taken a tentative step away from leaving the EU without a deal. Hong Kong's Chief Executive Lam has agreed to formally withdraw the controversial extradition measure that had been suspended.

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FX Daily, September 03: Pound Punished in High Drama

2019-09-03

by Marc Chandler

2019-09-03

A showdown between UK Prime Minister Johnson and Parliament over Brexit pushed sterling below $1.20. The euro is extended its losses after finishing last week below $1.10. Growth concerns are seeing equities retreat. Japanese and Chinese shares managed to eke out gains, but the Asia Pacific and European stocks have been sold.

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What Happened Monday

2019-09-03

by Marc Chandler

2019-09-03

Markets in the US and Canada were closed on Monday for national Labor Day holidays. Here is a succinct summary of key developments that will set the backdrop for Tuesday. On September 1, the new round of tariffs in the US-China fight took effect. The US placed a 15% tariff on around 3000 Chinese goods that thus far had escaped action.

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What level is key for GBPUSD through latest Brexit votes

2019-09-02

by Forexlive

The UK lawmakers will vote on whether to extend Brexit into 2020. What level is key technically for the GBPUSD through that vote?

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What level is key for GBPUSD through latest Brexit votes

2019-09-02

by Forexlive

The UK lawmakers will vote on whether to extend Brexit into 2020. What level is key technically for the GBPUSD through that vote?

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EURUSD sits on the edge of a cliff

2019-09-02

by Forexlive

As the week starts for the EURUSD, it is sitting on the edge of a cliff at the 1.0941 level. A move below would have the pair looking to fill a gap from 2017.

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EURUSD sits on the edge of a cliff

2019-09-02

by Forexlive

As the week starts for the EURUSD, it is sitting on the edge of a cliff at the 1.0941 level. A move below would have the pair looking to fill a gap from 2017.

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September Monthly

2019-09-02

by Marc Chandler

2019-09-02

Three forces are shaping the investment climate. The US-China trade conflict escalates at the start of September as both will raise tariffs on each other's goods and are threatening another round in mid-December (US 25% tariffs on $250 of Chinese imports will increase to 30% on October 1).

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FX Weekly Preview: Talking and Fighting in the Week Ahead

2019-09-02

by Marc Chandler

2019-09-02

Equity markets and the US dollar closed last week and August on a firm note. Ahead of the weekend, the dollar rose to new highs for the year against the euro, Swedish krona, Norwegian krone, and the New Zealand dollar. While the next set of US and Chinese tariffs start September 1, the market is making the most of the lull.

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FX Daily, August 30: US Dollar Finishing August on Firm Note as Euro nears Two-Year Lows

2019-08-30

by Marc Chandler

2019-08-30

Global equities are advancing at least in part on ideas that trade tensions are easing. China announced it would not take immediate action on the five percentage point increase in levies that the US announced strictly in response to China's retaliatory tariffs. A lull between blows is not the same thing as de-escalation or truce.

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A Brexit hint and a central banking surprise

2019-08-30

by Forexlive

Adam Button from ForexLive talks about the state of play in the pound and Brexit. One of the truisms in markets is: If something can’t fall on bad news, it probably won’t fall at all. Yesterday’s move to prorogue parliament was politically dramatic but the market reaction has been modest. Elsewhere, the Bank of Canada decision could be setting up for a surprise. LET'S CONNECT! Facebook ► http://facebook.com/forexlive Twitter ►...

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A Brexit hint and a central banking surprise

2019-08-29

by Forexlive

FX Daily, August 29: Johnson Faces Legal Challenges and Conte may be Given an Extension

2019-08-29

by Marc Chandler

2019-08-29

The capital markets are calm today, though there does seem to be some optimism creeping back into the market. The Chinese yuan strengthened, snapping a ten-day slide and Italian bank shares index has risen by more than 1% for the fourth consecutive session.

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FX Daily, August 28: Optimism about Italy Creeps Back in but Sterling Heads the Opposite Way on Brexit Realities

2019-08-28

by Marc Chandler

2019-08-28

The capital markets have turned quiet. There have been no more headline bombs about trade, and China set the dollar's reference rate much lower than projected. Asia Pacific equities were mixed. Hong Kong, China, India, and Singapore were on the downside, while Taiwan, Korea, and Australia rose.

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FX Daily, August 27: Realism Fights Back After Hope Dominated Yesterday

2019-08-27

by Marc Chandler

2019-08-27

Hope triumphed over realism yesterday, and realism is fighting back toward. Asia Pacific markets, however, traded on the echo from the recovery in North America on Monday. The MSCI Asia Pacific recouped part of yesterday's drop, led by Chinese markets. Hong Kong was the main exception.

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FX Daily, August 26: Trump’s “Call from China” helps Markets Recover

2019-08-26

by Marc Chandler

2019-08-26

Overview: The anticipated growth implications of the heightened tensions between the world's two largest economies is dominating activity at the start of the new week. These considerations that drove the 2.6% drop in the S&P 500 before the weekend is carrying over into today's activity.

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FX Weekly Preview: The Week Ahead is not about the Week Ahead

2019-08-26

by Marc Chandler

2019-08-26

It's the last week of August. Several economic reports will be released in the coming days. They include the US deflator of consumer expenditures that the Federal Reserve targets, China's PMI, and the eurozone's preliminary August CPI. It is not that the data do not matter, but investors realize the die is cast.

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