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.
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.
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.
brazil caught market mistakes policy powerful
Brazil is caught in a combination of its own policy mistakes and powerful market forces.
early
If this is an escalation ladder, we're still on the very early rungs.
basically chop moving today
My sense is we're basically moving sideways. All we did today is chop around.
bank beginning japan low seems sell talk
On the fringes of the market, there is beginning to be some talk of the possibility that the Bank of Japan intervenes to sell U.S. dollars. While possible, the probability seems low at the present.
case citing congress exchange foreign labeled policy requires simply steals
On the one hand, being labeled a foreign exchange manipulator is a toothless policy because it simply requires bilateral talks. Big deal. On the other hand, by citing them the administration demonstrates to an uppity Congress that it is on the case and steals their thunder.
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.
confident less percent
Now they are less than 50 percent confident that there will be any rise.
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.
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.
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.