Edit

Markets Catch Collective Breath

December 06, 2023
Overview: The US dollar is mixed today. The dollar-bloc currencies are firmer, while the euro and yen are softer. We had anticipated a recovery of the dollar on ideas that the market has too aggressively pushed down US rates, and pricing in more Fed easing with higher confidence than seems to be warranted by the recent data.  However, US rates hav…
Markets Catch Collective Breath Markets Catch Collective Breath Reviewed by Marc Chandler on December 06, 2023 Rating: 5
Edit

Softer Tokyo CPI Buys BOJ Time while Moody's Cuts the Outlook for China's Debt following Fiscal Stimulus and the Continued Property Slump

December 05, 2023
Overview: Outside of the Australian dollar, which has fallen by around 0.6% following the RBA meeting and the softer final PMI, which may have dragged the New Zealand dollar a lower by around 0.25%, the other G10 currencies trading little changed ahead of the start of the North American session. The eurozone and UK final PMIs were revised higher. …
Softer Tokyo CPI Buys BOJ Time while Moody's Cuts the Outlook for China's Debt following Fiscal Stimulus and the Continued Property Slump Softer Tokyo CPI Buys BOJ Time while Moody's Cuts the Outlook for China's Debt following Fiscal Stimulus and the Continued Property Slump Reviewed by Marc Chandler on December 05, 2023 Rating: 5
Edit

Rates and the Dollar Come Back Firmer

December 04, 2023
Overview: Weekend accounts seemed to try to understand what Fed Chair Powell said by beginning with the large drop in US rates. Yet, most accounts miss the fact that no matter what Powell has said, the market has more often than not reacted as if he were a dove. Rates have come back firmer today, perhaps as some recognized the overshoot. The US tw…
Rates and the Dollar Come Back Firmer Rates and the Dollar Come Back Firmer Reviewed by Marc Chandler on December 04, 2023 Rating: 5
Edit

December 2023 Monthly

December 02, 2023
As the year winds down, the global economy appears to be entering a new phase. While North American and European central bankers swear that they are prepared to respond to new threats to price stability, the markets demur. Indicative pricing in the derivatives markets reflects the general conclusion that the central banks have most likely complete…
December 2023 Monthly December 2023 Monthly Reviewed by Marc Chandler on December 02, 2023 Rating: 5
Edit

What Will Powell Say?

December 01, 2023
Overview: The dollar traded better into month-end but is softer today. The Scandis and dollar-bloc currencies are leading with around 0.2%-0.5% gains. In addition to US manufacturing PMI and ISM surveys, and construction spending, auto sales will trickle in, but key for market participants today will likely be Fed Chair Powell's comments and t…
What Will Powell Say? What Will Powell Say? Reviewed by Marc Chandler on December 01, 2023 Rating: 5
Edit

The Dollar is Having One of Its Best Days This Month

November 30, 2023
Overview: After being bludgeoned, the dollar is having one of its best days of the month. It is rising against all the major currencies. The Dollar Index is up about 0.5%, which is the most since the end of October. The greenback is also firmer against all the emerging market currencies but the Turkish lira and Russian ruble. Some of the demand fo…
The Dollar is Having One of Its Best Days This Month The Dollar is Having One of Its Best Days This Month Reviewed by Marc Chandler on November 30, 2023 Rating: 5
Edit

Dollar Recovers After Losses Extended in Asia

November 29, 2023
Overview: On the back of lower interest rates, the greenback's slide was extended in early Asia Pacific turnover, but it has recovered. As North American trading begins, the dollar is firmer against all the G10 currencies but the New Zealand dollar, which has been aided by the hawkish hold of the central bank, and an immaterial gain in the Swi…
Dollar Recovers After Losses Extended in Asia Dollar Recovers After Losses Extended in Asia Reviewed by Marc Chandler on November 29, 2023 Rating: 5
Subscribe to: Posts ( Atom )
Powered by Blogger.