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...
record seen short
We've seen speculators try to get out of short yen positions, which were at record levels.
hit sideways trading until
We're still trading sideways until we hit 108 yen.
bringing closer confirmed delivered demand federal following growth keeping market meeting namely purposely rates reserve seeks statement surprise
The Federal Reserve purposely seeks not to surprise the market. And it delivered no surprise today, keeping rates steady. The statement following the meeting confirmed what the market has suspected, namely that demand is moderating bringing it closer to the economy's growth potential.
brazil caught market mistakes policy powerful
Brazil is caught in a combination of its own policy mistakes and powerful market forces.
turn
There's been a turn in psychology. It has been buy-the-dips. Now it is sell-the-rallies.
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.
broad trading
We're still consolidating in a broad trading range.
carry momentum people playing trade
There are some people playing the carry trade and there are some people who are momentum players.
finesse move size timing
Ultimately, it is not the size of intervention that matters, but the timing of the move to finesse the market.