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US Dollar Soars and US Rates Jump

November 06, 2024
Overview: Shortly after the North American markets closed, before any results were known, the market jumped back into the "Trump trade," which it had pared on Tuesday. The dollar and US interest rates soared. The euro is the hardest hit among the G10 currencies today, off about 1.6% and the Canadian dollar, the best performer with about …
US Dollar Soars and US Rates Jump US Dollar Soars and US Rates Jump Reviewed by Marc Chandler on November 06, 2024 Rating: 5
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Nervous Calm Hangs over the Markets

November 05, 2024
Overview: A nervous calm hangs over the markets as the US goes to the polls. The proximity of the presidential contest warns that the results may not been known as soon as people hope. Indeed, many fear the voting simply begins the next phase of the contest, with premature declarations of victory and disputes over votes. The dollar is in mostly na…
Nervous Calm Hangs over the Markets Nervous Calm Hangs over the Markets Reviewed by Marc Chandler on November 05, 2024 Rating: 5
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US Polls Spur Position Adjusting Ahead of Tomorrow's Election

November 04, 2024
Overview: Weekend polls in the US made it seem that the Trump victory, which many large pools of capital, had discounted, was not so inevitable after all. The most dramatic market response was taking US yields and the dollar lower. The US 10-year yield is off about nine basis points to straddle 4.30% and the two-year yield down four basis points t…
US Polls Spur Position Adjusting Ahead of Tomorrow's Election US Polls Spur Position Adjusting Ahead of Tomorrow's Election Reviewed by Marc Chandler on November 04, 2024 Rating: 5
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November 2024 Monthly

November 02, 2024
We have all experienced how capital markets exaggerate. A few months ago, the focus was on the carry-trade, then the unwind. More recently, it was the euphoria around the numerous measures Beijing announced to support the property and stock markets and the attempt to reduce the risk of the local government debt. And now, as the US election approac…
November 2024 Monthly November 2024 Monthly Reviewed by Marc Chandler on November 02, 2024 Rating: 5
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US Job Report may Offer Little Relief ahead of Next Week's US Election and Meetings by Half of the G10 Central Banks

November 01, 2024
Overview: The first of what promises to be two tumultuous weeks is winding down. The US jobs data is the last big event. It is widely recognized that it will be skewed to the downside because of hurricanes and some mostly temporary factors. Anticipating the market’s reaction is also complicated by the weekend, and reports that Iran may strike back…
US Job Report may Offer Little Relief ahead of Next Week's US Election and Meetings by Half of the G10 Central Banks US Job Report may Offer Little Relief ahead of Next Week's US Election and Meetings by Half of the G10 Central Banks Reviewed by Marc Chandler on November 01, 2024 Rating: 5
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Ueda Lifts Yen, Stocks Slump, Gilts Under Pressure Post-Budget

October 31, 2024
Overview: The main move in the foreign exchange market today is the recovery of the yen following what was seen as hawkish comments by BOJ Governor Ueda. Otherwise, the tone is one of consolidation. The equity market sell-off today may be weighing on the Scandis and dollar-bloc currencies amid risk-off impulses. Emerging market currencies are mixe…
Ueda Lifts Yen, Stocks Slump, Gilts Under Pressure Post-Budget Ueda Lifts Yen, Stocks Slump, Gilts Under Pressure Post-Budget Reviewed by Marc Chandler on October 31, 2024 Rating: 5
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Eurozone Growth Surprises, Lifts Euro, while UK Budget is Awaited

October 30, 2024
Overview:  The US 10-year yield is off around a dozen basis points off yesterday's high and European growth in Q3 was better than expected. This appears to have encouraged some dollar liquidation today. The greenback is softer against the G10 currencies, but the Canadian dollar and sterling. The much-awaited UK Autumn budget will be announced …
Eurozone Growth Surprises, Lifts Euro, while UK Budget is Awaited Eurozone Growth Surprises, Lifts Euro, while UK Budget is Awaited Reviewed by Marc Chandler on October 30, 2024 Rating: 5
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