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Japan's LDP Loses Majority, Sending Yen Lower, and Oil Gaps Lower on Middle East Developments Japan's LDP Loses Majority, Sending Yen Lower, and Oil Gaps Lower on Middle East Developments Reviewed by Marc Chandler on October 28, 2024 Rating: 5
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Week Ahead: Buckle Up--Turbulence Coming

October 26, 2024
The US dollar extended its dramatic recovery against the major currencies for the fourth consecutive week. The dollar's rally seems to stand on two-legs. The first shift in the expected trajectory of Fed policy, which has been partly encouraged by relatively firm economic data, both surveys and real sector reports. The derivatives market has f…
Week Ahead: Buckle Up--Turbulence Coming Week Ahead: Buckle Up--Turbulence Coming Reviewed by Marc Chandler on October 26, 2024 Rating: 5
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FX Becalmed Ahead of the Weekend and Next Week's Big Events

October 25, 2024
Overview: The dollar is trading quietly, with a slightly firmer today. There has been little follow-through selling after yesterday's setback. The Canadian dollar and sterling are faring best. The yen is a little softer after Tokyo's CPI came in lower as expected due to the government's energy subsidy. The election for the lower house …
FX Becalmed Ahead of the Weekend and Next Week's Big Events FX Becalmed Ahead of the Weekend and Next Week's Big Events Reviewed by Marc Chandler on October 25, 2024 Rating: 5
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Turn Around Tuesday Comes Late

October 24, 2024
Overview:  It is ironic that a few months ago, many wanted to sell the dollar because the Republican president and vice president candidates said they wanted a weaker dollar. With the election drawing near and the race very tight, there has been a surge in the betting markets of a Trump-Vance victory, and this has corresponded with the dollar'…
Turn Around Tuesday Comes Late Turn Around Tuesday Comes Late Reviewed by Marc Chandler on October 24, 2024 Rating: 5
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Continued Backing Up of US Rates Extend the Greenback's Gains

October 23, 2024
Overview: The persistent rise in US rates continues to help fuel dollar gains. The euro has been sold through $1.08 and the greenback has jumped over 1% against the yen to JPY152.75. It finished last week closer to JPY149.55. So far, Japanese officials have been fairly quiet, but this seems likely to change. The US two-year premium over Germany ha…
Continued Backing Up of US Rates Extend the Greenback's Gains Continued Backing Up of US Rates Extend the Greenback's Gains Reviewed by Marc Chandler on October 23, 2024 Rating: 5
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Greenback Consolidates

October 22, 2024
Overview:  US interest rates remain firm and the dollar is mostly consolidating against the G10 currencies, in a muted "Turn Around Tuesday." The greenback is straddling the JPY151 area, its best level since the end of July. Despite bearish price action yesterday, the euro, sterling, and Australian dollar have seen limited follow-through…
Greenback Consolidates Greenback Consolidates Reviewed by Marc Chandler on October 22, 2024 Rating: 5
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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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