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.
carry momentum people playing trade
There are some people playing the carry trade and there are some people who are momentum players.
hit sideways trading until
We're still trading sideways until we hit 108 yen.
turn
There's been a turn in psychology. It has been buy-the-dips. Now it is sell-the-rallies.
brazil caught market mistakes policy powerful
Brazil is caught in a combination of its own policy mistakes and powerful market forces.
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.
broad trading
We're still consolidating in a broad trading range.
finesse move size timing
Ultimately, it is not the size of intervention that matters, but the timing of the move to finesse the market.