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Week Ahead: Four G10 Central Banks Meet, Only the Fed Moves

September 14, 2024
The market had been gradually scaling back from speculation of a 50 bp cut this week by the Federal Reserve. The euro and sterling tested important technical support near $1.10 and $1.30 respectively. The Dollar Index set last week's high after the August CPI. However, the general tone of the markets changed, spurred at least initially by a Do…
Week Ahead: Four G10 Central Banks Meet, Only the Fed Moves Week Ahead: Four G10 Central Banks Meet, Only the Fed Moves Reviewed by Marc Chandler on September 14, 2024 Rating: 5
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Heightened Speculation that Fed may Cut 50 bp Next Week Sends the Dollar Lower Heightened Speculation that Fed may Cut 50 bp Next Week Sends the Dollar Lower Reviewed by Marc Chandler on September 13, 2024 Rating: 5
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The ECB and the $1.10 level in the Euro

September 12, 2024
Overview:  The US dollar is narrowly mixed against the G10 currencies. The dollar bloc, Japanese yen, and Swiss franc are sporting slightly softer profiles, while the European currencies enjoy a firmer today. There is more than 3 bln euro in options struck at $1.10 that expire today that still seem to be in play. And there is a large option at GBP…
The ECB and the $1.10 level in the Euro The ECB and the $1.10 level in the Euro Reviewed by Marc Chandler on September 12, 2024 Rating: 5
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Little Discussion about the US Budget Deficit in the Debate, But Falling Yields Drag the Greenback Lower Little Discussion about the US Budget Deficit in the Debate, But Falling Yields Drag the Greenback Lower Reviewed by Marc Chandler on September 11, 2024 Rating: 5
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Consolidative Tuesday

September 10, 2024
Overview: The US dollar is mostly consolidating so far today with a slightly heavier bias against the G10 currencies and most emerging market currencies. The larger than expected Chinese trade surplus did not lift the yuan. The greenback is trading above its 20-day moving average against the Chinese yuan for the first time since late July. Sterlin…
Consolidative Tuesday Consolidative Tuesday Reviewed by Marc Chandler on September 10, 2024 Rating: 5
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US Dollar Returns Bid on the Back of Firmer Rates

September 09, 2024
Overview:  After falling following the US jobs report before the weekend, US interest rates have come back firmer, helping the give the dollar a boost. A downward revision to Japan's Q2 GDP, reflecting weaker consumption, business investment, and a little more inflation, have helped the greenback retrace the pre-weekend losses against the yen.…
US Dollar Returns Bid on the Back of Firmer Rates US Dollar Returns Bid on the Back of Firmer Rates Reviewed by Marc Chandler on September 09, 2024 Rating: 5
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Week Ahead: Can the US CPI Do What Payrolls Didn't and Persuade the Market that the Fed Will Deliver a 50 bp Cut ?

September 07, 2024
After the US jobs report and Fed speak, the market scaled back the odds of a 50 bp cut at the September 17-18 FOMC meeting. It settled last week slightly below a 30% chance. The odds were shaved for the second consecutive week. Fed officials have indicated that the full employment mandate is now of greater significance given its growing confidence…
Week Ahead: Can the US CPI Do What Payrolls Didn't and Persuade the Market that the Fed Will Deliver a 50 bp Cut ? Week Ahead: Can the US CPI Do What Payrolls Didn't and Persuade the Market that the Fed Will Deliver a 50 bp Cut ? Reviewed by Marc Chandler on September 07, 2024 Rating: 5
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The Market Discounts around a 40% Chance of not One but Two 50 bp Cuts in last Three FOMC Meetings of the Year Ahead of Jobs Report

September 06, 2024
Overview: The US jobs report is front and center. The market is going into the report with about a 40% chance of a 50 bp Fed rate cut later this month. The Dollar Index is trading lower for the third consecutive session. Helped by the fifth consecutive decline in US 10-year yields, the yen approached last month's high but without the turmoil s…
The Market Discounts around a 40% Chance of not One but Two 50 bp Cuts in last Three FOMC Meetings of the Year Ahead of Jobs Report The Market Discounts around a 40% Chance of not One but Two 50 bp Cuts in last Three FOMC Meetings of the Year Ahead of Jobs Report Reviewed by Marc Chandler on September 06, 2024 Rating: 5
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