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.

Markets

Today’s Developments and 4 Important Observations

Marc Chandler Mar 26, 2012

The market lacks conviction after shrugging off the disappointing European flash PMIs last week. Even though Italian and Spanish bonds are firmer today, outperforming Germany, we detect a deterioration of conditions in Europe and are…

Markets

Guess which central bank is going to copy the ECB and provide 3-year loans?

Marc Chandler Mar 23, 2012

The three-year loans will carry an interest rate initially of the benchmark rate of 70 bp.

Markets

Frustrating Friday as Euro and Sterling Bounce Back

Marc Chandler Mar 23, 2012

The market has shrugged off the disappointing euro zone PMI to take the euro to a marginal new high for the week, and again mapping transversing the range of about $1.3140-$1.3500. Sterling too rose through yesterday's highs, albeit…

Economy

Disappointment in Core, but Some Positive News in Periphery

Marc Chandler Mar 22, 2012

The shockingly weak euro zone flash PMI, especially the sub-50 reading for German manufacturing, is the main focus today. New orders have been weak and the Bloomberg consensus does expect the euro zone economy to contract not only in Q1 but…

Political Economy

Fed Chairman Bernanke, Gold and the Gold Standard

Marc Chandler Mar 21, 2012

In yesterday's lecture, Federal Reserve Chairman rejected the idea that a return to a gold standard is desirable or practical. His pointed remarks come as Republican presidential candidate Ron Paul has fanned ideas in some quarters of the…

Economy

Japan to Report Another Trade Deficit

Marc Chandler Mar 21, 2012

Exports are still falling on a year-over-year basis, but at a slower pace. Imports are still rising, but here too the pace is slowing. The swing into trade deficit for Japan happened from both sides. Exports were squeezed by the…

Markets

Why I Like the Australian Dollar

Marc Chandler Mar 19, 2012

The Australian dollar held support in the middle of last week near $1.04. Japanese retail and institutional investors, always yield hungry have taken a new look, especially as they begin trying to diversify away from the Brazilian cash…

Political Economy

On Spain, Spanish banks and Spanish local elections

Marc Chandler Mar 19, 2012

The LTROs may have helped ease this year's roll-over risk (Spain has met almost 50% of this year's refinancing needs). But they have not substantially altered the market's views of the risks of an eventual restructuring.

Markets

Fragmentation of Risk-on/Risk-off Matrix

Marc Chandler Mar 15, 2012

One of the most important developments in the foreign exchange market is the fragmentation of the risk-on/risk-off matrix that was a key feature since the onset of the financial crisis. While cognizant of the non-linear nature of the…

Political Economy

Dutch Treat: More on a Possible Maastricht Breach by the Netherlands

Marc Chandler Mar 6, 2012

Developments in the Netherlands may steal the limelight as the French election is still more than a month away. The key issue in the Netherlands is that last week, the Dutch Bureau of Economic Policy Analysis warned that next year's deficit…

Previous 1 … 19 20 21 22 23 … 88 Next