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BOJ and China PMI Disappoint, While EMU Q2 Growth and October Inflation were Softer than Expected BOJ and China PMI Disappoint, While EMU Q2 Growth and October Inflation were Softer than Expected Reviewed by Marc Chandler on October 31, 2023 Rating: 5
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Markets Calm but Trepidation Runs High

October 30, 2023
Overview: Fears that the Israel-Hamas war was going to widen this past weekend sent gold and oil sharply higher at the end of last week. A reportedly more restrained Israeli entrance into Gaza has seen gold pullback back below $2000 (~-0.6%) and December WTI soften (~-1.7%). The US dollar is mostly softer. Stronger-than-expected Australian retail …
Markets Calm but Trepidation Runs High Markets Calm but Trepidation Runs High Reviewed by Marc Chandler on October 30, 2023 Rating: 5
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November 2023 Monthly

October 28, 2023
November may be an in-between month. It will be a month of limited monetary policy actions and a period of heightened geopolitical tensions. Fiscal policy may be more interesting, with a Japanese supplemental budget, more measures expected from China, and a debate in Europe over the re-implementation of the Stability and Growth Agreement. In the U…
November 2023 Monthly November 2023 Monthly Reviewed by Marc Chandler on October 28, 2023 Rating: 5
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Is the Market Putting on Risk Ahead of the Weekend?

October 27, 2023
Overview: The US dollar is trading with a softer bias. Among the G10- currencies, only the euro and Swiss franc are the laggards and are nearly flat. In shifting expectations, the market sees the Reserve Bank of Australia as the most likely to hike rates again, while the swaps market appears to be bringing forward cuts by the European Central Bank…
Is the Market Putting on Risk Ahead of the Weekend? Is the Market Putting on Risk Ahead of the Weekend? Reviewed by Marc Chandler on October 27, 2023 Rating: 5
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Tensions Run High Ahead of ECB Meeting and US Q3 GDP as JPY150 Breached

October 26, 2023
Overview: The market is on edge. Anxiety is running higher. It is partly geopolitics, and it is partly market stresses. The dollar is holding above JPY150 but so far, no reports or signs of intervention. Bank shares are under pressure. An index of Japanese banks has fallen for five of the past six sessions and are off about 8% from the year's …
Tensions Run High Ahead of ECB Meeting and US Q3 GDP as JPY150 Breached Tensions Run High Ahead of ECB Meeting and US Q3 GDP as JPY150 Breached Reviewed by Marc Chandler on October 26, 2023 Rating: 5
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Divergence Continues to Underpin the Greenback

October 25, 2023
Overview: The divergence reflected in the flash PMI readings seen yesterday underpinned the dollar, which is firmer in mostly quiet turnover. The initial Australian dollar gains scored in response to the slightly less decline in Q3 CPI have been unwound. The greenback also remains within striking distance of JPY150 where there are still some large…
Divergence Continues to Underpin the Greenback Divergence Continues to Underpin the Greenback Reviewed by Marc Chandler on October 25, 2023 Rating: 5
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