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The Dollar and Gold Firm

October 21, 2024
Overview: The US dollar is firm to start the new week. The Japanese yen and Australian dollar are the heaviest with in the G10 (~0.30%). The euro and sterling are trading heavier but inside the pre-weekend range. The market anticipates the Bank of Canada to deliver a 50 bp rate cut in the middle of the week, and the Canadian dollar is threatening …
The Dollar and Gold Firm The Dollar and Gold Firm Reviewed by Marc Chandler on October 21, 2024 Rating: 5
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Week Ahead: Is the Closeness of the US Election a Source of Dollar Demand?

October 19, 2024
The dollar rose against all the G10 currencies last week, but it was not because of higher US rates. In fact, the 10-year US Treasury yield fell for the first time in five weeks. The two-year yield did not rise for the first time in three weeks. Rather than an increase in US rates, several other countries' rates fell. The result was that the U…
Week Ahead: Is the Closeness of the US Election a Source of Dollar Demand? Week Ahead: Is the Closeness of the US Election a Source of Dollar Demand? Reviewed by Marc Chandler on October 19, 2024 Rating: 5
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Dollar Firm, China Briefing Light on Details, and Its Data Remain Poor

October 14, 2024
Business travel will prevent the updating of the blog in the coming days.  It resumes October 19 with the Week Ahead.  
Overview:  The lack of details from China's fiscal briefing, the soft CPI (and deeper PPI deflation), and a smaller than expected trade surplus did not prevent Chinese equities from advancing (CSI 300 +1.9%). Industrial commod…
Dollar Firm, China Briefing Light on Details, and Its Data Remain Poor Dollar Firm, China Briefing Light on Details, and Its Data Remain Poor Reviewed by Marc Chandler on October 14, 2024 Rating: 5
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Week Ahead: Is the US Rate Adjustment Nearly Over? Be On Guard for Reversal Patterns Week Ahead: Is the US Rate Adjustment Nearly Over? Be On Guard for Reversal Patterns Reviewed by Marc Chandler on October 12, 2024 Rating: 5
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Tomorrow's China Briefing Did Not Prevent the Continued Slide in Chinese Stocks Today Tomorrow's China Briefing Did Not Prevent the Continued Slide in Chinese Stocks Today Reviewed by Marc Chandler on October 11, 2024 Rating: 5
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Soft US Headline CPI is Unlikely to Be Sufficient to Reanimate Expectations of another Large Fed Cut Soft US Headline CPI is Unlikely to Be Sufficient to Reanimate Expectations of another Large Fed Cut Reviewed by Marc Chandler on October 10, 2024 Rating: 5
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CSI 300 Drops 7%, Oil Steadies, and the US Dollar Remains Firm

October 09, 2024
Overview: We suspect the market overreacted to the US jobs data, which was tainted by the lowest "establishment" response in over two decades and seasonal adjustments were likely thrown off by Hurricane Helene and the 33k strike at Boeing. We think Fed officials, and more speak today, have confirmed that it was not the game changer than …
CSI 300 Drops 7%, Oil Steadies, and the US Dollar Remains Firm CSI 300 Drops 7%, Oil Steadies, and the US Dollar Remains Firm Reviewed by Marc Chandler on October 09, 2024 Rating: 5
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