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Bulls Shrug Off Bout of Profit-Taking, Leaving the Greenback Poised to Rally into Year-End Bulls Shrug Off Bout of Profit-Taking, Leaving the Greenback Poised to Rally into Year-End Reviewed by Marc Chandler on December 19, 2021 Rating: 5
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The Chagrin of Beijing and the Problem of Time

December 18, 2021
The central bank meeting cycle is over. Most of the important high-frequency data has been released until early January.The US debt ceiling has been lifted, avoiding an improbable default. A year ago, there was a sense of optimism, with a couple of vaccines being announced and monetary and fiscal stimulus boosting risk-appetites. Populism, which h…
The Chagrin of Beijing and the Problem of Time The Chagrin of Beijing and the Problem of Time Reviewed by Marc Chandler on December 18, 2021 Rating: 5
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The Week Winds Down with Equities under Pressure and the Dollar Mostly Firmer The Week Winds Down with Equities under Pressure and the Dollar Mostly Firmer Reviewed by Marc Chandler on December 17, 2021 Rating: 5
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Fed Unleashes Animal Spirits

December 16, 2021
Overview:  The Fed's hawkish pivot came a few weeks before yesterday's FOMC meeting, which confirmed more or less what the market had already largely anticipated. Buy the (dollar) on rumors (of tapering and more aggressive stance on rates) and sell the fact unfolded, and unleashed the risk-appetites which rippled through the capital market…
Fed Unleashes Animal Spirits Fed Unleashes Animal Spirits Reviewed by Marc Chandler on December 16, 2021 Rating: 5
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FOMC Sets New Course

December 15, 2021
The Fed delivered what it was expected to do:  double the pace of tapering and project a more aggressive interest rate response with its individual forecasts.  The dollar initially rallied on the headlines, and new sessions highs were recorded, but the price action was a bit of a head-fake, as it were. The greenback's gains were quickly pared,…
FOMC Sets New Course FOMC Sets New Course Reviewed by Marc Chandler on December 15, 2021 Rating: 5
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Has the Market Carried the Fed's Water? Is the Dollar Vulnerable to Buy the Rumor and Sell the Fact? Has the Market Carried the Fed's Water? Is the Dollar Vulnerable to Buy the Rumor and Sell the Fact? Reviewed by Marc Chandler on December 15, 2021 Rating: 5
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No Turnaround Tuesday for Equities?

December 14, 2021
Overview:  Activity in the capital markets is subdued today, ahead of tomorrow's FOMC meeting conclusion and the ECB meeting on Thursday.  The MSCI Asia Pacific equity index fell for the third consecutive session.  European bourses are heavy after the Stoxx 600 posted an outside down day yesterday. Today would be the fifth consecutive decline.…
No Turnaround Tuesday for Equities? No Turnaround Tuesday for Equities? Reviewed by Marc Chandler on December 14, 2021 Rating: 5
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Dollar Starts the Week Bid ahead of the FOMC

December 13, 2021
Overview: Equities, bonds, and the dollar begin the new week on a firm note.  Japanese, Chinese, Australian, and New Zealand equities advanced in the Asia Pacific region.  Europe's Stoxx 600 is snapping a three-day decline, and US futures are 0.25%-0.35% higher.  The US 10-year yield is a little softer at 1.48%. European benchmark yields are m…
Dollar Starts the Week Bid ahead of the FOMC Dollar Starts the Week Bid ahead of the FOMC Reviewed by Marc Chandler on December 13, 2021 Rating: 5
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Can Dollar Bears Resist the Fed? Can Yuan Bulls Shrug-Off the PBOC?

December 12, 2021
US yields and the dollar softened after the release of the November CPI figures before the weekend.  The data were in line with expectations showing the headline rate accelerated to 6.8% and the core rate to 4.9%.  The price action likely reflected positioning rather than a reassessment of the outlook for next week's FOMC meeting.  Nearly ever…
Can Dollar Bears Resist the Fed? Can Yuan Bulls Shrug-Off the PBOC? Can Dollar Bears Resist the Fed? Can Yuan Bulls Shrug-Off the PBOC? Reviewed by Marc Chandler on December 12, 2021 Rating: 5
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