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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.
Considering taking profit from AUD/JPY at current levels with a stop of 80.76. Stay Long USD/JPY at current levels with a stop of JPY82.46. Enter short AUD/CAD at current levels with a stop of 0.9659. Enter short EUR/NOK at 8.10 with a…
Some Thoughts on the US Jobs Report
The November US jobs report is slated for release tomorrow and there does not seem to be any reason not to look for a relatively robust report. The usual reports have been uniformly constructive. This includes, the ADP report, the weekly…
More Thoughts on ECB Decision
European officials must have known they were going to disappoint the market with the decision to simply postpone draining liquidity. The firewall around Greece failed. The firewall around Ireland has failed. The politicians have dropped…
QE2 in the EMU – Not Likely
The US dollar rally continued to soften as the market prepares for the ECB rate announcement. The market expects the ECB to announce additional liquidity provisions to attempt to quell the fears emanating from Europe’s liquidity/solvency…
Water, Wheat and Russia
In a time when there is much discussion of peak oil and the idea that other commodities are less abundant or more costly to access, one issue that might not get enough attention among investors is the shortage of water. Some political…
Dollar Steps Back Ahead of ECB Meeting
The US dollar rally was interrupted against most of the majors as strong Chinese data supported risk. The fears engulfing the euro toned down a little amid speculation that the ECB could take action tomorrow to contain the debt crisis,…
Maybe the ECB Should Consider Quantitative Easing
The ECB could step into the breach but buying a large amount of sovereign bonds from the periphery. This would support the market, push down interest rates and potentially arrest the contagion. Moreover, as a large owner of peripheral…
No Solace for the Euro Just Yet
The US dollar continues its rally with the euro the major culprit of the market’s negativity as risks of contagion appear to be spreading to the core. Despite more positive economic data from Germany (this time favorable unemployment…
In a Disappointing Europe, Sweden Stands Out
Europe is engulfed in a financial crisis that is also becoming a political crisis. Sweden stands out as an exception and we affirm our expectation of the krona's out performance in period ahead. Sweden's economy contracted 5.3% last…
Euro Comes Off Further in Early NY
The euro continues to come under pressure and is making new lows in early North American turn over despite talk of interest from an Asian central bank. The euro has slipped below its 200-day moving average (~$1.3130) for the first time…