top of page
Search
  • Marc Bentin

Daily Close


The dollar gained further with an accelerating momentum against EM currencies as MXN dropped -1.1%, RUB -0.4%, INR -0.4%. This EM rout yesterday, so far mainly caused by the dollar pushing higher translated into some widening in the risk premium between U.S. Treasury yields and local emerging-market bonds. EM bonds fell along with EM currencies and stocks. Shares from Mexico, Turkey, Brazil all traded at the bottom of our Z_score report at -2.2 along with EURJPY (a red flag) at -2 (2 std below their 20dMa). German orders fell for a third month while EU investor confidence dropped for a fourth month. A survey also suggested that European retail sales contracted for the first time in more than a year with all data (cfr. eco surprise index) now pointing at economic momentum fading and disappointing expectations .

This is an abbreviated version of our premium subscription based report. For a more detailed global markets commentary, a comprehensive suite of market reports with global tactical model portfolios and daily insight, join a free free trial to our premium research or contact us. Discounts may apply for both private and professional subscription plans. BentinPartner Advisers, Basel Important Disclaimer © Copyright by BentinPartner llc. This blog is not intended as a recommendation, an offer or solicitation for the purchase or sale of any security or underlying asset referenced herein or investment advice. Investors should seek financial advice regarding the suitability of any investment strategy based on their objectives, financial situation, investment horizon and particular needs. This blog does not include information tailored to any particular investor. It has been prepared without any regard to the specific investment objectives, financial situation or particular needs of any person who receives this report. Accordingly, the opinions discussed in this blog may not be suitable for all investors. You should not consider any of the content in this report as legal, tax or financial advice. The data and analysis contained herein are provided "as is" and without warranty of any kind. BentinPartner llc, its employees, or any third party shall not have any liability for any loss sustained by anyone who has relied on the information contained in any publication published by BentinPartner llc. The content and views expressed in this report represents the opinions of Marc Bentin and should not be construed as guarantee of performance with respect to any referenced sector. We remind you that past performance is not necessarily indicative of future results. Although BentinPartner llc believes the information and content included in this report have been obtained from sources considered reliable, no representation or warranty, express or implied, is provided in relation to the accuracy, completeness or reliability of such information. This blog is also not intended to be a complete statement or summary of the industries, markets or developments referred to in the blog.   ———- On twitter write a brief comment with imbedded ashtags in it. Could #ForexMarket see #USD as 1st Casualty in @realDonaldTrump #TradeWars #strategy & might that work to #Trump advantage in short term? See my new piece @SCMP_News #ForexMarket to send #USD down amidst #TradeWars See our daily post on what wins, what loses and what is breaking out @Bentinpartners #DollarIndex @federalreserve #ForexMarket #ForexNews #USD #USTreasuries #TradeWars #Markets 


2 views0 comments

Recent Posts

See All
bottom of page