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Week Ahead: Following Up a Watershed Week

July 13, 2024
Slowing US jobs growth, the third consecutive rise in the unemployment rate, and the softer than expected CPI are a watershed. Although the Federal Reserve will not cut rates when it meets at the end of the month, Chair Powell will likely lay the groundwork for a cut in September. Indeed, the Fed funds future market has priced in slightly more tha…
Week Ahead: Following Up a Watershed Week Week Ahead:  Following Up a Watershed Week Reviewed by Marc Chandler on July 13, 2024 Rating: 5
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Market Takes JPY Lower Despite Intervention Speculation, While Sterling Shines Market Takes JPY Lower Despite Intervention Speculation, While Sterling Shines Reviewed by Marc Chandler on July 12, 2024 Rating: 5
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Today's Battle: Soft US CPI vs Stretched Momentum Indicators and Two Fed Cuts Discounted Today's Battle:  Soft US CPI vs Stretched Momentum Indicators and Two Fed Cuts Discounted Reviewed by Marc Chandler on July 11, 2024 Rating: 5
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Narrow Ranges for the Dollar Prevail Ahead of Tomorrow's US CPI

July 10, 2024
Overview: The dollar is mostly softer today, but largely within the recent ranges, as the market appears to be waiting for tomorrow's US CPI. There are a few exceptions to note. The yen is trading near its recent lows. A less hawkish Reserve Bank of New Zealand has triggered a sell-off of the local dollar. Softer than expected Norwegian inflat…
Narrow Ranges for the Dollar Prevail Ahead of Tomorrow's US CPI Narrow Ranges for the Dollar Prevail Ahead of Tomorrow's US CPI Reviewed by Marc Chandler on July 10, 2024 Rating: 5
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Quiet Summer Tuesday with Powell's Testimony and a Deluge of US Supply on Tap Quiet Summer Tuesday with Powell's Testimony and a Deluge of US Supply on Tap Reviewed by Marc Chandler on July 09, 2024 Rating: 5
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Euro is Little Changed, while the Yen is Softer to Start the New Week

July 08, 2024
Overview: The dollar is narrowly mixed against the G10 and emerging market currencies today. The euro is little changed, holding on to last week's gains, after the surprising French election results, where the focus shifts finding a prime minister that can carry a majority of the new and closely divided National Assembly. Despite firm underlyi…
Euro is Little Changed, while the Yen is Softer to Start the New Week Euro is Little Changed, while the Yen is Softer to Start the New Week Reviewed by Marc Chandler on July 08, 2024 Rating: 5
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Week Ahead: Market Eyes Two Fed Cuts this Year ahead of June CPI

July 06, 2024
Four drivers are shaping the investment climate. First, ahead of the run-off elections in France, the market feels more comfortable that Le Pen will not secure a parliamentary majority. The French premium over Germany narrowed to 65 bp, falling by about 14 bp last week, and arguable a supportive factor for the euro. Second, the British election wa…
Week Ahead: Market Eyes Two Fed Cuts this Year ahead of June CPI Week Ahead:  Market Eyes Two Fed Cuts this Year ahead of June CPI Reviewed by Marc Chandler on July 06, 2024 Rating: 5
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