Marc Chandler
Marc Chandler
Marc Chandleris a well known 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...
august favor federal hike june rate reserve retail sales sentiment swing
Sentiment will swing back in favor of a Federal Reserve rate hike in August if June retail sales rebound.
continues evidence foreigners tiring
There's no evidence that foreigners are tiring of U.S. assets. This continues to underpin the dollar.
continues deficit evidence financed foreigners tiring trade
There's no evidence that foreigners are tiring of US assets. The US trade deficit is more than being financed by foreign investment. This continues to underpin the dollar.
against best euro happen including japan
Coordinated intervention, including Japan intervening on the euro against the yen for the first time, would be the best thing that could happen for the euro.
fed funds increases looking march percent rate statement view
We should be looking at a Fed statement that increases the view of a March rate hike, and our view is that fed funds will be 5 percent by mid-year.
level technical
Once we got through an important technical level that triggered a lot of stops. We went through the level that the technicians thought was a bottom.
demeaning eye
Demeaning is in the eye of the beholder.
both companies currency cuts excuses hear helpless helps hurts listen situation stuff
Companies are not helpless in fluctuating currencies. But if you listen to these U.S. companies, you only hear about it when the currency situation hurts them, never when it helps them. I'll listen to these excuses when they acknowledge that this stuff cuts both ways.
carry momentum people playing trade
There are some people playing the carry trade and there are some people who are momentum players.
record seen short
We've seen speculators try to get out of short yen positions, which were at record levels.
finesse move size timing
Ultimately, it is not the size of intervention that matters, but the timing of the move to finesse the market.
dollar expected housing partly permits push starts
The push the dollar is getting is partly on the back of stronger-than-expected housing data. It's not just that housing starts are up. Permits were expected to fall.
attack bulls commercial confident member number pit public saw somebody telephone
I'm confident that no member of the public saw our commercial or logo or telephone number and thought we were actually pit bulls or thought we were actually going to maim somebody or attack somebody.
seen trade
I'd say hedging has nothing to do with what we've seen in the trade data.