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...
effect market money sure viewing
That's the way the market is viewing that. But I'm not sure that it effect money supply.
allow appear appreciate bill china cover full imports impose months passage provide six tax trip vote yuan
It does appear that they used the trip to provide cover for delaying a full vote on their bill which would impose a 27.5% tax on all imports from China if it did not allow the yuan to appreciate significantly with six months of passage of the bill.
exchange foreign global holiday london market pick problem quiet slack york
The quiet in the market has more to do with the holiday than it does with the strike. Foreign exchange is such a global market that if there's a staffing problem in New York City, they can pick up the slack in London or in other centers.
against comments euro european helped lows officials push recent several statement
Today's comments are back on messages, noting as several European officials have said in recent days, that the G7 statement was aimed at Asia, not Europe. This has helped push the euro to new five-week lows against the yen.
data dollar good job
With the ECB out of the way and now the job data out of the way, we're in for another good dollar run.
cycle hikes increases light minutes rate shed
We still don't know how many more rate hikes there are in the cycle and the minutes don't really shed light on that. But rate hike increases are probably not large.
hit sideways trading until
We're still trading sideways until we hit 108 yen.
broad trading
We're still consolidating in a broad trading range.
early
If this is an escalation ladder, we're still on the very early rungs.
brazil caught market mistakes policy powerful
Brazil is caught in a combination of its own policy mistakes and powerful market forces.
ahead cycle fed gets looked market opportunity until
Through this tightening cycle the market has looked at every opportunity to say the Fed is done. The Fed is not done until the market gets ahead of the Fed and it is not there yet.
confident less percent
Now they are less than 50 percent confident that there will be any rise.
cut early economic persist quarter rate risk second summer tone weak
Should the weak economic tone persist into early second quarter data, the risk of a summer rate cut increases.
basically chop moving today
My sense is we're basically moving sideways. All we did today is chop around.