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 Weekly Preview: Drivers, While Marking Time

2019-02-18

by Marc Chandler

2019-02-18

The main issues for investors have not changed. There are three dominant ones: Trade, growth, and Brexit. Unfortunately, there won’t be any closure in the week ahead, and that may make short-term participants reluctant to turn more aggressive.

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Risks in China trade talks are higher than they appear

2019-02-14

by Forexlive

Adam Button from ForexLive talks about the Canadian dollar, Brexit and the outlook for US-China trade talks. LET’S CONNECT! Facebook ► http://facebook.com/forexlive Twitter ► https://twitter.com/ForexLive Forexlive Homepage ► http://www.forexlive.com/

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FX Daily, February 13: QT is not the Opposite of QE

2019-02-13

by Marc Chandler

2019-02-13

The Federal Reserve has long been clear on the sequence of events as it innovated the playbook during the Great Financial Crisis. There would be a considerable period between when the Fed would finish its credit easing operations that involved purchasing Treasuries and mortgage-backed securities (MBS) and its first-rate hike.

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FX Daily, February 12: Dollar Buying Pressure Subsides

2019-02-12

by Marc Chandler

2019-02-12

The Dollar Index's eight-day advance is in jeopardy. Although the greenback recorded new highs against some major currencies, the momentum appears to be stalling. The news stream is constructive as a compromise seems to have been reached to avoid another US government shutdown, and there is some optimism that the US and China will strike a deal even if not by March 1.

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Trump and Soros’ Secret to Riches

2019-02-12

by Forexlive

Adam Button from ForexLive shares the simple secret that made George Soros a billionaire and Donald Trump the President of the United States. They both know that truth isn’t what you think it is and Adam explains how they’ve both embraced and exploited what’s real and what’s an illusion. LET’S CONNECT! Facebook ► http://facebook.com/forexlive Twitter …

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FX Daily, February 11: Dollar Starts New Week on Firm Note

2019-02-11

by Marc Chandler

2019-02-11

Lifted by the re-opening of Chinese markets after the week-long Lunar New Year holiday, global equities are trading firmer. Outside of Japanese markets that were closed, the large markets in Asia--China, Taiwan, South Korea, and Hong Kong advanced.

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FX Weekly Preview: Little Resolution in the Week Ahead

2019-02-11

by Marc Chandler

2019-02-11

According to legend, the person who unraveled the Gordian Knot would rule the world. No one succeeded until Alexandar the Great took his mighty sword and sliced the knot in half. A young boy saw him afterward, crying on the steps of the Temple of Apollo. "Why are you crying?" the boy asked, "you just conquered the world. "Yes'" Alexander wept, " now there is nothing else for me to do."

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Cool Video: Noise or Signal?

2019-02-10

by Marc Chandler

2019-02-10

From the second half of last week through the first half of this week, the S&P 500 rallied. It surpassed our target of 2700 and made it to almost 2740, retracing more nearly 2/3 of the decline from the record high set last September. It stalled ahead of the 200-day moving average, which had previously offered support declines.

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FX Daily, February 08: Dollar Index Seven-Day Advance is the Longest in Two Years

2019-02-08

by Marc Chandler

2019-02-08

Overview: As North American traders return to their posts to put the finishing touches on the week's activity, the Dollar Index is extending its advance for a seventh consecutive session. If sustained, it will be the longest advance since February 2017.

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FX Daily, February 07: Dollar’s Gains Extended

2019-02-07

by Marc Chandler

2019-02-07

The five-day advance of the S&P 500 stalled yesterday and global equities are mixed today. Most Asian centers remain closed, Japan and some small markets were lower, while Taiwan, Australia, and India moved higher. The seven-day rally in Europe's Dow Jones Stoxx 600 is under threat today.

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Marc Chandler reflects on Brexit Event

2019-02-06

by Marc Chandler

Marc Chandler, Chief Market Strategist for Bannockburn Global Forex talks about how businesses in the Cincinnati Tri-State region may feel the impact of Brexit, following his presentation at the European American Chamber of Commerce “Countdown to Brexit” event on February 6, 2019 in Cincinnati.

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Marc Chandler of Bannockburn Global Forex talks Brexit

2019-02-06

by Marc Chandler

Marc Chandler, Chief Market Strategist at Bannockburn Global Forex, reflects on the “Countdown to Brexit” event hosted by the European American Chamber of Commerce of Greater Cincinnati on February 6, 2019.

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FX Daily, February 06: Dollar Gains by Default

2019-02-06

by Marc Chandler

2019-02-06

Overview: The rally in equities is threatening to pause today, even though the few markets open in Asia edged higher. Europe's Dow Jones Stoxx 600, which has advanced in eight of the past ten sessions and six in a row, is seeing some profit-taking pressures. US shares are also trading heavier in Europe. The S&P 500 has a five-day rally in tow but looks poised for some backing and filling action.

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FX Daily, February 05: Greenback Remains Firm

2019-02-05

by Marc Chandler

2019-02-05

Overview: The US dollar is little firmer against most of the major currencies. Despite some disappointing data (retail sales, trade, PMI), the Australian dollar has recovered from initial losses below $0.7200 on the back of the central bank's reluctance to adopt an easing bias. A small upward revision in the eurozone's flash service and composite PMIs help steady the euro after it neared $1.14.

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FX Daily, February 04: Subdued Start to Quiet Week

2019-02-04

by Marc Chandler

2019-02-04

Overview: The Lunar New Year celebration made for a quiet Asian session while a light diary in Europe saw subdued turnover. Equity markets are narrowly mixed. Among the three large markets open in Asia Pacific, Australia and Japanese equities rose while India slipped. European bourses are little changed, putting the Dow Jones Stoxx 600 four-day advance at risk.

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FX Weekly Preview: The Week Ahead is Mostly About Digestion

2019-02-04

by Marc Chandler

2019-02-04

The information set investors have is unlikely to substantively change in the coming days. The important macro points are known. The first part of February may be about digesting and making sense of that information rather than an incremental increase.

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Short Note on Jobs Report

2019-02-03

by Marc Chandler

2019-02-03

The January employment report was mixed. It is unlikely to have a material impact on expectations for Fed policy. However, it does suggest the downside risks may not materialize. The US economy grew 304k jobs, well above expectation. It is marred by a 70k net downward revision of the past two months, and notably a 90k cut in December's estimate, which brings it to 222k (from 312k).

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Two Brinkmanship Games and a Possible Third

2019-02-02

by Marc Chandler

2019-02-02

Some historians give Adlai Stevenson credit for inventing the word "brinkmanship" as part of his criticism of US foreign policy under Dulles, who said that "if you are scared of going to the brink, you lost." But surely we can agree that the tactic is as old as civilization. The idea is you take the issue to the very edge, risking a significant confrontation, to force a deal, is the way it may seem.

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