marc chandler


Yesterday’s Euro-Phoria Eases, Market Awaits ADP And Oil Supply Figures

The powerful bout of long dollar liquidation, spurred by optimism that the new Greek government had moved away from its posturing about debt …

Is The Dollar’s Rise Really Perilous?

The Federal Reserve’s real broad trade-weighted measure dollar rose 2.1% in January.

Dollar Drivers

The bull case for the US dollar rests on two legs. The first is that the policy response to the crisis has produced …

Majors’ Currencies Stuck In Range, While Antipodeans’ Become Unstuck

The euro, sterling and yen remain confined to their recent ranges, while the Australian and New Zealand dollars succumbed to selling pressure. The …

European Developments Steal Spotlight From Today’s Fed Statement

On days that the Federal Reserve issues its statement that tends to be the main highlight of the trading session. However, with expectations …

Dollar Softer, Consolidating Recent Gains

The US dollar is sporting a slightly softer profile, but the price action is really more of a consolidation than a trend reversal. …

Shouldn’t The ECB Target Core Inflation

This Great Graphic is composed on Bloomberg. It shows two time series.

Syriza’s Victory Is Not The End But The Beginning

As the demonizing of Syriza gives way to post-electoral analysis, its victory is being seen as anti-austerity not anti-EMU. Politics makes for strange …

Looking At The Week Ahead

Reasonable people can debate some of the details, but there was little doubt that last week’s big event, the ECB’s asset purchases, were …

Central Banks Dominate FX Price Action

The European Central Bank meets tomorrow, and that is the main event of the week.  The price action today is dominated by other …

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