Marc To Market's blog

An overview of this week's drivers.

A look at the price action in the foreign exchange market and the technical forces in the week ahead.  

FX market overreacted yesterday to ECB developments. Europe has corrected it and now participants will take a fresh look after the US employment report.

Italy's new government may have the briefest of honeymoons. Here is a dispassionate analysis of the key political and economic issues.

This is a descriptive not a normative claim. My focus is on what people are actually doing, not what they might have done or what some think they should have done.

Macro perspective of this week's events.  Hint:  the ECB meeting may be the most interesting.  

There have been five developments over the weekend.  Which is noise and which the signal ? 

Overview of the price action in foreign exchange and outlook for the week ahead.  

Nearly every one is talking about an ECB rate cut next week and talk of Fed tapering off QE purchases also is rife. See why neither is a done deal.

The implications of the latest political developments in Italy.

The resilience of the euro and Australian dollar today, given the heightened rate cut speculation, may be indicative of a reversal of the US dollar's recent fortunes.

An attempt to look ahead at the drivers of the capital markets in the week ahead.

There have been several recent developments that have flown in the face of both neo-liberalism and ordo-liberalism and thrown investors off balance.  Discuss.  

Is the dollar trending or is it moving broadly sideways?

Japan is not facing much criticism at the G20 meeting and this is encouraging fresh yen sales, which in turn is helping lift other currencies. We play down the speculation that China will widen its dollar-yuan band imminently.