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...
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.
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.
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.
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.
dollar economic fed great lead performance renewed survey taking trajectory understanding
The economic performance is taking on even great significance in the market's understanding of the trajectory of Fed policy. Any disappointment with the Philadelphia Fed Survey could lead to renewed dollar selling.
brazil caught market mistakes policy powerful
Brazil is caught in a combination of its own policy mistakes and powerful market forces.
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.
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.
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.
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.
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.
early
If this is an escalation ladder, we're still on the very early rungs.