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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

Don’t Forget the Pain in Spain Because of the Dance in France

Marc Chandler Sep 23, 2011

Spain appears to have dropped off radar screens. In part, a disorderly outcome of the Greek crisis continues to be threatened. Italian bond yields and CDS prices have risen above Spain's. Yet, ironically, earlier this week, Spain's central…

Markets

A Policy "Twist" is Better than None

Marc Chandler Sep 21, 2011

European market consolidates ahead of FOMC decision; GBP softer after potential for QE increases . Operation Twist is likely to be supportive of the dollar; dovish actions include QE and inflation target. Hungarian central bank likely to…

Markets

Short Note on Euro Zone Success: Ireland?

Marc Chandler Sep 20, 2011

At the beginning of the year, the 60-day correlation between Irish and Greek 10-year yields was above 0.90. Today, the correlation stands at -0.42. At the same time, Irish 10-year bonds yields have become significantly more correlated with…

Markets

New Week, Same Drivers: renewed weakness in financials and Greek default concerns

Marc Chandler Sep 19, 2011

European stocks snap a four-day amid Greek default concerns; EUR/USD gapped lower near 1.363. Markets this week are likely to be dominated by political risks in Europe, along with FOMC meeting. In the EM space, central banks from Czech…

Markets

A Glimmer of Hope

Marc Chandler Sep 16, 2011

European stocks rally for a fourth day ahead of outcome from ECOFIN meeting; US futures tread lower. Coordinated policy action good step; further support for EFSF/Greece needed to hold momentum. CNY continues to be used by Beijing as a tool…

Markets

The Dollar and Gold

Marc Chandler Sep 15, 2011

One theme that has captured the imagination of many investors has been the debasement of paper money and the dramatic rise in gold prices. Gold has risen 27.6% in dollar terms thus far this year (24% in euro terms, which reflects 3% euro…

News

Currencies and Commitments

Marc Chandler Sep 15, 2011

Market sentiment continues to improve as Greek steps back from the abyss (again); RBNZ holds. EUR/USD trades near 1.38 amid improving backdrop; market likely to focus on data in today’s session. Russia’s rate move seen as technical move to…

News

Grant Greece Default, Just Not Yet

Marc Chandler Sep 14, 2011

Market cautiously optimistic amid hopes of China bond purchases and Merkel, Sarkozy conference. Moody’s downgrades two French banks; EUR resilient off the back of potential policy response. Brazilian retail sales stronger than expected;…

News

The United States of Eurasia?

Marc Chandler Sep 13, 2011

The dollar remains supported in choppy markets; French banks under pressure amid funding concerns. Euro zone risk premium continues to widen; Greece dances with default, tepid Italian bond auction. Banco de Mexico is likely to cut by at…

News

Default Risks Intensify

Marc Chandler Sep 12, 2011

EUR/USD breaches 1.35 (new trend low) and stocks hit 26-month low amid Greece default concerns. This week is likely to be dominated again by European headlines and US economic data reports. China data support soft landing scenario; Central…

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