Marc Chandler's Blog

Managing Partner and Chief Markets Strategist
Bannockburn Global Forex

Marc Chandler has been covering the global capital markets in one fashion or another for more than 30 years, working at economic consulting firms and global investment banks. After 14 years as the global head of currency strategy for Brown Brothers Harriman, Chandler joined Bannockburn Global Forex, as a managing partner and chief markets strategist as of October 1, 2018.

Chandler attended North Central College for undergraduate work, where he majored in political science and the humanities. He holds master's degrees from Northern Illinois University and the University of Pittsburgh in American History and International Political Economy. Currently, Chandler teaches at New York University Center for Global Affairs, where he is an associate professor. He is also an honorary visiting professor at the Darden School of Business at the University of Virginia.

A prolific writer and speaker he appears regularly in the press and has spoken for, and is an honorary fellow of, the Foreign Policy Association. In addition to being quoted in the financial press daily, Chandler has been published in the Financial Times, Foreign Affairs, and the Washington Post. In 2009, Chandler was named a Business Visionary by Forbes. In 2009, his book, Making Sense of the Dollar, was published by Bloomberg Press and received a Bronze Award from Independent Publishers.

What Is Good for the Dollar Is Bad for Gold

The Dollar Index is extending its advancing streak today into its eighth consecutive session. It is at its best level since just before Trump's inauguration. It has retraced 38.2% of its decline from the January 3 high of 103.82.

Trump May Stumble Into a Currency War

Reports suggest that recently President Trump asked National Security Adviser Michael Flynn about whether it was a strong or weak dollar that was in the US interest. According to the leaks, Flynn suggested asking an economist.

Trump's Comments Send the Dollar Reeling

The US dollar is broadly lower against major and emerging market currencies. It has given up yesterday's gains and more. The proximate cause appears to be comments by President-elect Trump in a Wall Street Journal interview. There are two parts of Trump's comments...

Rally in Oil Continues on Global Cues, Saudi Cut

Oil prices rallied yesterday following the EIA weekly data and are up further today. Despite the rise in US inventories (4.1 mln barrels) more than four times greater than expected, participants focused on other details.

Short Note for Holiday Markets

Japan stands out with industrial production in Nov. rising 1.5%, which is the most it has raised in five months. It was a little less than expected, but the expectations for Dec. (2%) and Jan. (2.2%) are constructive.

Rising Trade Tensions

As was the campaign and the initial appointments, the election of an unorthodox candidate promises to change the way things are done in Washington. However, just as there were some continuities between Obama and Bush...

Dollar Comes Back Bid, but Still Vulnerable to Corrective Pressures

After softening ahead of the weekend, the US dollar has begun the new week on a firm note. It is gaining against most major and emerging market currencies. Outside of what appears to be a staged call between US President Elect Trump...

US Dollar, Equities, and Commodities Firmer as Reflation Trade Takes Hold

After an initial wobble, the markets have stabilized as two themes emerge: reflation and the spread of populism. The shift away from monetary policy towards fiscal policy had already begun, and both US presidential candidates...

Why Aren’t Global Markets Freaking Out Over China’s Currency?

There were two dogs that did not bark this year. The Japanese yen, which despite negative interest rates and an unprecedented expansion of the central bank's balance sheet, strengthened 15% against the dollar.

Is Oil About to Rollover?

The price of oil has risen more than 20% over the past month. It is being driven by ideas that OPEC (and Russia) may implement a freeze or an output cut at the end of next month. At the same time, US crude stocks trended lower.

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