Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Author
Marc Chandler 872 posts 0 comments
Marc Chandler joined Brown Brothers Harriman in October 2005 as the global head of currency strategy. Previously he was the chief currency strategist for HSBC Bank USA and Mellon Bank. In addition to frequently providing insight into the developments of the day to newspapers and news wires, Chandler's essays have been published in the Financial Times, Barron's, Euromoney, Corporate Finance, and Foreign Affairs. Marc appears often on business television and is a regular guest on CNBC and writes a blog called Marc to Market. Follow him on twitter.
By Marc Chandler
The US jobs report was decidedly mixed. There was good and bad news but the bottom line is that the data is still too weak for the Fed to even consider ending its unconventional policy. The economy created a net 114k jobs…
The ECB’s hair-splitting exercise on Greece
By Marc Chandler
The most important thing that ECB President Draghi has said in his prepared remarks was the reluctance to reschedule Greek bond holdings on grounds that would be tantamount to monetary financing.
Really? Buying the…
Ten Macro Observations to End The Week
By Marc Chandler
The US dollar is going into month and quarter end on a soft note. The greenback had been generally firm against most of the major foreign currencies, but the Japanese yen, since around mid-month, but the news stream…
Japan Today, Spain Tomorrow
By Marc Chandler
The Bank of Japan did not disappoint and joined the ECB and Federal Reserve in taking new and non-traditional measures.The BOJ did practically everything that we outlined yesterdayand justified its move by downgrading its…
Light data stream contrasts with heavy event risk
By Marc Chandler
The US dollar is consolidating last week's losses in largely uneventful activity. In fact, consolidation is the general theme in the broader capital markets as well. Equity markets are narrowly mixed, with the MSCI Asia…
Jobs Data Disappoints, Ignore Drop in Unemployment Rate
By Marc Chandler
The US employment data is an important disappointment, especially coming on the heels of yesterday's ADP and service ISM reports that had lifted expectations. The private sector created a net 103k jobs, well below the 143k…
When the Inevitable is Evitable
By Marc Chandler In recent weeks, the market had appeared to be scaling back expectations of another round of asset purchases by the Federal Reserve. US 10-year Treasury yields rose nearly 40 bp since the August 1. The reconsideration…
Chart of the day: Nominal Effective Exchange Rates
This Great Graphic comes from an email I received from Thomson Reuters. It charts the nominal effective exchange rates (NEER)of the dollar, euro, Swiss franc and Australian dollar. It is weighted by trade partner, but is not adjusted for…
Jobs Data Good, but Good Enough?
The 172k rise in July private sector payrolls was well above the consensus forecasts and the best showing in 5 months. Hourly earnings rose 0.1% and the work week was unchanged. After a string of disappointing news this is surely,…
Fed Does Nothing, Says Less and Dollar Advances
By Marc Chandler
The Federal Reserve defied expectations and took no new action nor altered its guidance in terms of how long rates will remain exceptionally low (late 2014). The dollar rallied on the news initially, but with the ECB…