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Week Ahead: US CPI, China Returns, RBNZ to Cut 50 bp (?)

October 05, 2024
There were several developments last week that shape the investment climate. First, the September US employment report was stronger than expected and this reinforces the message from Fed Chair Powell. After initiating the easing cycle with 50 bp cut, the central bank is not in a rush and two quarter-point cuts in Q4 is most likely scenario. Once a…
Week Ahead: US CPI, China Returns, RBNZ to Cut 50 bp (?) Week Ahead: US CPI, China Returns, RBNZ to Cut 50 bp (?) Reviewed by Marc Chandler on October 05, 2024 Rating: 5
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Today's Employment Report is Important, but Fed Sees Another Before the Next FOMC Meeting Today's Employment Report is Important, but Fed Sees Another Before the Next FOMC Meeting Reviewed by Marc Chandler on October 04, 2024 Rating: 5
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Bailey Weighs on Sterling

October 03, 2024
Overview: The dollar enjoys a firmer tone today. The escalating conflict in the Middle East is keeping the market on edge. And then there is tomorrow's US employment report. Among the G10 currencies, sterling has been the hardest hit. It is off around 1% after Bank of England Governor Bailey seemed to signal that after pausing last month, the …
Bailey Weighs on Sterling Bailey Weighs on Sterling Reviewed by Marc Chandler on October 03, 2024 Rating: 5
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Patient BOJ Weighs on the Yen, Hong Kong Re-Opens with a Bang, Middle East War Underpins Crude, while the Dollar Consolidates

October 02, 2024
Overview:  The US dollar is mostly little changed today. Comments from the new Japanese government and BOJ Governor Ueda reinforce the sense driven by the softness in the September Tokyo CPI and larger-than-expected decline in August industrial output that there is no urgency for another rate hike. The yen is the weakest of the G10 currencies toda…
Patient BOJ Weighs on the Yen, Hong Kong Re-Opens with a Bang, Middle East War Underpins Crude, while the Dollar Consolidates Patient BOJ Weighs on the Yen, Hong Kong Re-Opens with a Bang, Middle East War Underpins Crude, while the Dollar Consolidates Reviewed by Marc Chandler on October 02, 2024 Rating: 5
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Powell's Lack of Urgency Helps the Dollar Correct Higher

October 01, 2024
Overview:   Japan will go to polls a little ahead of the US. And the US election still looks too close to call. Canada may be forced into snap elections if the Bloc Quebecois abandons negotiating with the minority Liberal government as it has threatened to do at the end of the month. The UK's new Labour government is putting together its first…
Powell's Lack of Urgency Helps the Dollar Correct Higher Powell's Lack of Urgency Helps the Dollar Correct Higher Reviewed by Marc Chandler on October 01, 2024 Rating: 5
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Mortgage Relief Lifts China's CSI 300 by more than 8% Ahead of the Golden Week Holiday Mortgage Relief Lifts China's CSI 300 by more than 8% Ahead of the Golden Week Holiday Reviewed by Marc Chandler on September 30, 2024 Rating: 5
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October 2024 Monthly

September 28, 2024
With the Federal Reserve's 50 bp rate cut, seven of the G10 central banks have begun an easing cycle that will extend, broaden, and may accelerate going forward. Australia and Norway will likely join the party next year, while some, like Canada and Sweden may increase the pace of its cuts in Q4. Beijing jumped into the mix, with rate cuts, res…
October 2024 Monthly October 2024 Monthly Reviewed by Marc Chandler on September 28, 2024 Rating: 5
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