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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.
Dollar continues to firm amid choppy market conditions; US futures point to modest decline. President Obama announces bigger package than expected; fiscal stimulus may be USD supportive. China’s CPI report shows that inflation has likely…
ECB: A Shift from Hawkish to Neutral?
BoE holds steady, with markets awaiting the ECB press conference; European stocks firmer. Important speeches from Bernanke and Obama; Bernanke likely to signal potential measures. Brazil swaps and futures market pricing in significant rate…
The Euro Clears One Political Hurdle
Markets continued to be dominated by the EZ sovereign debt crisis and the uncertainty surrounding key political events this month, which are likely to shape the market response in the months ahead. Of the key political events that take…
SNB Pledges New Managed Float to the Euro
Morning dominated by SNB’s decision to target EUR/CHF at 1.20; European stocks marginally higher. German August orders slumped -2.8%, first drop since March; US service-sector ISM key report today. In the EM space, China's economic growth…
Dollar Firmer As Euro Zone, Global Growth Worries Still Intensify
US dollar broadly firmer vs. majors as global growth concerns, euro zone tensions pick up. Merkel's CDU lost weekend election in her home state of Mecklenburg-Western Pomerania. Risk assets under pressure, Swiss franc still outperforming;…
Risk sentiment has soured sharply in the run-up to the NFP report
Dollar is mostly firmer against the majors as recent risk rally stalls; US NFP is major focus today. Euro zone jitters pick up after troika suspends Greek talks temporarily; Italy also back in focus. EM sentiment remains poor after Brazil…
Is the Euro Zone Debt Crisis Sapping Economic Growth?
Dollar firmer across the board amid month end repositioning; US futures suggest modest decline. Markets likely to remain sensitive to DM economic data; Case-Shiller & FOMC minutes are key today. EM continues trade directionless for now…
After Jackson Hole Markets Refocus on Jobs
Friday’s shift in sentiment spills over into Asian and European sessions; dollar broadly weaker. This week’s attention shifts back to US and EZ data; Japanese select sixth PM (Noda) in five years. Chinese shares were laggard in EM rally…
Nothing New from Bernanke
The much anticipated Bernanke speech in Jackson Hole is under-whelming. He did not break any new ground. While much of the recent history is re-hashed, the only forward looking guidance is to reaffirm the recent FOMC statement and…
Why I am Going to Worry about Italy on My Summer Vacation
The fact that Italy's 5-year CDS prices remain elevated (376 now vs 388 on Aug 4 peak) warns that ECB bond buying, fiscal austerity has not convinced private sector investors that the worst is truly past. This offers a poor backdrop from…