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Yen Jumps on Growing Confidence of a Hike Next Week, While Disappointing November GDP Pulls Sterling Lower Yen Jumps on Growing Confidence of a Hike Next Week, While Disappointing November GDP Pulls Sterling Lower Reviewed by Marc Chandler on January 16, 2025 Rating: 5
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Yen Jumps as Ueda Says Rate Hike Being Considered and Soft CPI Helps UK Gilts Yen Jumps as Ueda Says Rate Hike Being Considered and Soft CPI Helps UK Gilts Reviewed by Marc Chandler on January 15, 2025 Rating: 5
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Consolidation Featured

January 14, 2025
Overview: Turn Around Tuesday began yesterday. The dollar  pared early gains in North America yesterday and follow through selling today has given it a softer profile against most of the G10 and emerging market currencies. The downticks look corrective in nature, but a great deal of news has been discounted, and after a flurry of activity, the der…
Consolidation Featured Consolidation Featured Reviewed by Marc Chandler on January 14, 2025 Rating: 5
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Dollar Pushes Higher Before Consolidating

January 13, 2025
Overview:  The US dollar is broadly firmer, though the Japanese yen is proving a resilient ahead of the BOJ deputy governor's speech tomorrow. Sterling travails persist and it is the weakest of the G10 currencies. The Fed funds futures are no longer fully pricing in a single Fed hike this year. Indeed, the first cut is not completely discounte…
Dollar Pushes Higher Before Consolidating Dollar Pushes Higher Before Consolidating Reviewed by Marc Chandler on January 13, 2025 Rating: 5
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Week Ahead: More US Outperformance

January 11, 2025
The stronger-than-expected US employment report reinforced the "American exceptionalism" meme and sent the greenback to new highs against most of the G10 currencies. The derivatives markets pushed out the next Fed cut into September. By then, the swaps market has the European Central Bank cutting by nearly 100 bp, the Bank of England by …
Week Ahead: More US Outperformance Week Ahead: More US Outperformance Reviewed by Marc Chandler on January 11, 2025 Rating: 5
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Today's US Employment Report among the Least Important in the Cycle

January 10, 2025
Overview:  The US dollar is consolidating in a mixed fashion today ahead of the employment report. Given the numerous comments from Fed officials in recent days, it is clear that the bar to a rate cut this month is very high. Next month's report will contain the annual benchmark revisions. Sterling, which has been the center of some of this we…
Today's US Employment Report among the Least Important in the Cycle Today's US Employment Report among the Least Important in the Cycle Reviewed by Marc Chandler on January 10, 2025 Rating: 5
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Sterling is Pounded

January 09, 2025
Overview: The US dollar is mostly firmer today. Among the G10 currencies, strong wage data and softer US 10-year yield is helping the yen defy the dollar's tug. It is up almost 0.2%. On the other hand, pressure on sterling and the UK Gilts has continued. The pound took out last year's low near $1.23 today and was pressed to $1.2240. The 10…
Sterling is Pounded Sterling is Pounded Reviewed by Marc Chandler on January 09, 2025 Rating: 5
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German Factory Orders Plunge 5.4% and Retail Sales Defy Expectations for a Gain German Factory Orders Plunge 5.4% and Retail Sales Defy Expectations for a Gain Reviewed by Marc Chandler on January 08, 2025 Rating: 5
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The Greenback is Mostly Softer Amid Consolidation

January 07, 2025
Overview:  The corrective forces seen at work in the foreign exchange market yesterday are still intact today after the flurry around US President-elects pushback against reports of a narrower application of his tariff threat. Led by the Antipodean currencies that were so beaten up at the end of last year, most of the G10 currencies are firmer eve…
The Greenback is Mostly Softer Amid Consolidation The Greenback is Mostly Softer Amid Consolidation Reviewed by Marc Chandler on January 07, 2025 Rating: 5
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