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Challenges and Opportunities in the Week Ahead

November 30, 2019
Liquidity will return to the foreign exchange market, and volatility may increase. The three-month implied volatility of the euro and yen fell to record lows last week (~4.35% and 5.06%, respectively), extending a multi-year trend. The dollar is threatening to break out of recent ranges that have been historically narrow.  A breakout could underpi…
Challenges and Opportunities in the Week Ahead Challenges and Opportunities in the Week Ahead Reviewed by Marc Chandler on November 30, 2019 Rating: 5
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Equities Slip While Investors Mark Time

November 29, 2019
Overview: Global equities are trading heavily. Both the MSCI Asia Pacific and the Dow Jones Stoxx 600 snapped four-day advancing streaks yesterday and have seen some follow-through selling today. In the Asia Pacific region, all the markets fell but Jakarta. Hong Kong's Hang Seng slipped a little more than 0.2% yesterday but dropped 2% earlier …
Equities Slip While Investors Mark Time Equities Slip While Investors Mark Time Reviewed by Marc Chandler on November 29, 2019 Rating: 5
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In Search of New Incentives

November 27, 2019
Overview: The global capital markets are subdued. There have been few developments to induce activity. Even President Trump's claims that the talks with China are in the "final throes" failed to excite. Equities are extending their advance. Bonds are little changed, and the dollar is mostly firmer. The MSCI Asia Pacific Index and Eur…
In Search of New Incentives In Search of New Incentives Reviewed by Marc Chandler on November 27, 2019 Rating: 5
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Some Are More Equal Than Others

November 26, 2019
Overview: Neither optimistic comments from Federal Reserve Chairman, that the economic glass is more than half full, nor a seemingly positive spin on the weekend call between Chinese and US officials have succeeded in deterring some profit-taking today. Most of the large markets in the Asia Pacific region were higher, with the notable exception Ho…
Some Are More Equal Than Others Some Are More Equal Than Others Reviewed by Marc Chandler on November 26, 2019 Rating: 5
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Hong Kong, China, and UK Election Hopes Fan Modest Risk-Taking

November 25, 2019
Overview: The combination of the victory of the pro-democracy movement in Hong Kong and an apparent concession by China on intellectual property rights is helping bolster risk appetites to start the week. Equities are higher. Hong Kong's Hang Seng led Asia Pacific equities with a 1.5% gain, the second biggest this month. Korea and India's …
Hong Kong, China, and UK Election Hopes Fan Modest Risk-Taking Hong Kong, China, and UK Election Hopes Fan Modest Risk-Taking Reviewed by Marc Chandler on November 25, 2019 Rating: 5
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Dollar Finishes Well, Momentum to Carry into Next Week

November 24, 2019
The US dollar's rally before the weekend ensured a positive week.  It gained against all the major currencies, but the yen, the Swedish krona, and New Zealand dollar. Its losses against those currencies were minor, less than 0.15%. The rally was spurred by the divergence between the flash PMIs and signals from the Trump Administration of two p…
Dollar Finishes Well, Momentum to Carry into Next Week Dollar Finishes Well, Momentum to Carry into Next Week Reviewed by Marc Chandler on November 24, 2019 Rating: 5
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Is Conventional Wisdom Too Optimistic? The Week Ahead

November 23, 2019
There have been three general issues that the macro-fundamental picture has revolved around this year:  trade, growth, and Brexit.  On all three counts, conventional wisdom seems unduly optimistic, and this may have helped dampen volatility.
A series of signals suggest that the US and China remain far apart in trade negotiations.  The US wants Chin…
Is Conventional Wisdom Too Optimistic? The Week Ahead Is Conventional Wisdom Too Optimistic? The Week Ahead Reviewed by Marc Chandler on November 23, 2019 Rating: 5
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Europe's Flash PMI Disappoints and Hong Kong Shares Advance Ahead of Sunday's Election Europe's Flash PMI Disappoints and Hong Kong Shares Advance Ahead of Sunday's Election Reviewed by Marc Chandler on November 22, 2019 Rating: 5
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