Marc Chandler Quotes

Today's comments are back on messages, noting as several European officials have said in recent days, that the G7 statement was aimed at Asia, not Europe. This has helped push the euro to new five-week lows against the yen.

- Marc Chandler

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Comments | Messages | Noting | European | Officials |

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There are some people playing the carry trade and there are some people who are momentum players. - Marc Chandler

The market is pricing in a lot of good news for Europe and is not fully appreciating the good news we have for the U.S. The psychology is getting ahead of the fundamentals. - Marc Chandler

It does appear that they used the trip to provide cover for delaying a full vote on their bill which would impose a 27.5% tax on all imports from China if it did not allow the yuan to appreciate significantly with six months of passage of the bill. - Marc Chandler