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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.
Market action is quiet ahead of today’s Jackson Hole speech; US Q2 GDP likely to confirm slowdown. We do not expect an announcement of next round of asset purchases; yet doubt Fed will limit tools. EM asset prices are likely to continue…
After Ben, Markets Brace for US Payrolls
The impact of Fed Chairman Bernanke’s testimony – his assessment of the economy and the further accommodation that can be provided to stem economic stresses into next week - will dominate market action into the next week. The G10 currency…
Buy the Rumor, Sell the Fact Ahead of Jackson Hole
Global stocks continue to push higher ahead of speech tomorrow; dollar remains soft. Fed unlikely to deliver QE3 tomorrow and therefore markets may be disappointed. Is a potential change in PBOC policy in the pipeline; Hawkish comments from…
Now For Something Completely Different: WPA
This column argues that while Bernanke will want to show that the Fed still has options at its disposal, with various trade-offs associated, perhaps he may want to also underscore the limitations of monetary policy. If current conditions…
Economic Data Spark Improvement in Risk Appetite
Safe havens decline against backdrop of improved risk appetite; stocks and oil both up over 1%. EZ PMIs and Norwegian GDP both surprise to the upside; attention shifts to Richmond Fed in NY. EM markets supported by flash China PMI; Russia…
On Sweden and Capital Preservation
Capital preservation has once again has become mantra. The safety offered by Japan and Switzerland are meeting resistance from policy makers. As the market looks for alternatives, the Swedish krona has much to offer, including a relatively…
Sentiment Improves as Markets Anticipate Policy Response
Market sentiment improves ahead of this week’s Jackson Hole speech; Stocks and oil higher. Market focus this week on Jackson Hole; Policy announcement likely to disappointment. Singapore and South African CPI and central bank meetings in…
Eight thoughts at the end of a tumultuous Week
This has been an extremely tumultuous week throughout the capital and commodity markets. August itself has been a cruel month. The German stock market has lost around a quarter of its value. A marked slow down in the US and Europe in Q2 has…
The yen is a safe haven as Japan is the world’s largest creditor
The yen is a safe haven. That assertion seems so obvious, that why it is the case is rarely explored. It does not seem to be a function, as some suggest, of its trade surplus, but rather its position as a net international investment…
Is the Fear Becoming Self-Fulfilling?
The dollar continues to remain firm against most of the majors; global stocks down sharp. Risk appetite took another turn for the worse; dollar bloc and scandis remain most sensitive. Outside the carnage in EM equities, funding strains are…