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...
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.
finesse move size timing
Ultimately, it is not the size of intervention that matters, but the timing of the move to finesse the market.
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.
carry momentum people playing trade
There are some people playing the carry trade and there are some people who are momentum players.
record seen short
We've seen speculators try to get out of short yen positions, which were at record levels.
effect market money sure viewing
That's the way the market is viewing that. But I'm not sure that it effect money supply.
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.
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.
based camp favor march pendulum rate renewed swung
The pendulum has swung back in favor of a March rate hike. The dollar-bull camp is based on the interest-rate differentials. They have really renewed their widening.
affect balances currency expect movements trade
It's unreasonable to expect currency movements to affect trade balances when you have all these other disequilibria like wages.
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.
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.
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.