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Dollar Yen, Interest Rates, and Much More! Marc Chandler Traders Summit Trading Interview

Summary:
Marc Chandler from Bannockburn Global Forex discusses the breakout in the USDJPY and how the JPY could weaken further into a new “range” from the 110.00-115.00. For those traders looking for more, you may want to listen in. Also, could the “carry trade” be coming back? And he also talks about what rate expectations are saying about central banks globally, like the FOMC, BOE and BOC and does that fit what the central banks are really doing? Global Financial Markets are positioned for an Interest Rates Hike from Bank of England end of this year, Bank of Canada middle of next year, and in the United States Fed next year. The market is pricing in a 50 basis points for the September meeting. This is following New Zealand and Norway's recent Interest Rate Hikes. Dollar Index nearing 94.50

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Marc Chandler from Bannockburn Global Forex discusses the breakout in the USDJPY and how the JPY could weaken further into a new “range” from the 110.00-115.00. For those traders looking for more, you may want to listen in. Also, could the “carry trade” be coming back? And he also talks about what rate expectations are saying about central banks globally, like the FOMC, BOE and BOC and does that fit what the central banks are really doing?



Global Financial Markets are positioned for an Interest Rates Hike from Bank of England end of this year, Bank of Canada middle of next year, and in the United States Fed next year. The market is pricing in a 50 basis points for the September meeting. This is following New Zealand and Norway's recent Interest Rate Hikes.



Dollar Index nearing 94.50 level, which is a big Fibonacci Level.



Technical Analysis Head and Shoulders Pattern in USDCAD.



00:00 - Intro Marc Chandler

00:30 - Current Market Conditions

02:30 - Dollar Index and USDJPY

08:15 - Carry Trade









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Traders Summit is an innovative portal with a clear aim: Provide high-quality market-related content. There are two key components to the overall business, quarterly online summits and daily in-depth analysis. The list of Trader’s Summit contributors is very selective, but also compressive across all asset classes. Each contributor is recognized as a leader in their specific asset class.
Marc Chandler
He 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.

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