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Chinese Economy Grew 5% in 2024 (if You Believe it), UK Retail Sales Disappoint, and "Day One" Looms Chinese Economy Grew 5% in 2024 (if You Believe it), UK Retail Sales Disappoint, and "Day One" Looms Reviewed by Marc Chandler on January 17, 2025 Rating: 5
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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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