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Mortgage Relief Lifts China's CSI 300 by more than 8% Ahead of the Golden Week Holiday Mortgage Relief Lifts China's CSI 300 by more than 8% Ahead of the Golden Week Holiday Reviewed by Marc Chandler on September 30, 2024 Rating: 5
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October 2024 Monthly

September 28, 2024
With the Federal Reserve's 50 bp rate cut, seven of the G10 central banks have begun an easing cycle that will extend, broaden, and may accelerate going forward. Australia and Norway will likely join the party next year, while some, like Canada and Sweden may increase the pace of its cuts in Q4. Beijing jumped into the mix, with rate cuts, res…
October 2024 Monthly October 2024 Monthly Reviewed by Marc Chandler on September 28, 2024 Rating: 5
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Yen Surges After New LDP Leader Picked, while the Greenback Consolidates

September 27, 2024
Overview:  Japan's LDP leadership selection has not been the dragged-out affair that many thought likely with a record nine candidate vying for the post. It turns out that the economy may have been less important than foreign affairs and the threat posed by China. Shigeru Ishiba is strong nationalist, who reports indicate own shares in Nippon …
Yen Surges After New LDP Leader Picked, while the Greenback Consolidates Yen Surges After New LDP Leader Picked, while the Greenback Consolidates Reviewed by Marc Chandler on September 27, 2024 Rating: 5
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China's Politburo Validates and Extends Pivot while the US Dollar Sees Yesterday's Gains Pared China's Politburo Validates and Extends Pivot while the US Dollar Sees Yesterday's Gains Pared Reviewed by Marc Chandler on September 26, 2024 Rating: 5
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Run on the Dollar Stalls after the Market Boosted Odds of another 50 bp Fed Cut Run on the Dollar Stalls after the Market Boosted Odds of another 50 bp Fed Cut Reviewed by Marc Chandler on September 25, 2024 Rating: 5
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China Goes Big, and Market (Initially) Gives it the Benefit of the Doubt

September 24, 2024
Overview: News of China's multifaceted support measures have bolstered risk appetites today. The dollar is mostly softer and only the yen and Swiss franc among the G10 currencies have been unable to find traction against the greenback. Most emerging market currencies are also trading with a firmer bias. China's measures include measures to…
China Goes Big, and Market (Initially) Gives it the Benefit of the Doubt China Goes Big, and Market (Initially) Gives it the Benefit of the Doubt Reviewed by Marc Chandler on September 24, 2024 Rating: 5
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European Currencies Start Week Softer, while the Dollar Bloc is Firm

September 23, 2024
Overview: European currencies are trading with a softer bias to begin the new week. Soft preliminary PMIs appeared to be the main culprit but Australia's PMI disappointed ahead of tomorrow central bank meeting, and the Australian dollar's small gain leads the G10 currencies today. The Swedish krona is off around 0.75% before the central ba…
European Currencies Start Week Softer, while the Dollar Bloc is Firm European Currencies Start Week Softer, while the Dollar Bloc is Firm Reviewed by Marc Chandler on September 23, 2024 Rating: 5
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Week Ahead: Did the Fed's Rate Cut Signal a Near-Term Low in US Rates?

September 21, 2024
The Federal Reserve kicked off its easing cycle with a 50 bp rate cut on September 18. It is the seventh G10 central bank to cut rates this year. Japan is going in the other direction, albeit slowly. Norway's central bank says do not cut on a rate cut this year but be more confident of rate cuts next year. That leaves the Reserve Bank of Austr…
Week Ahead: Did the Fed's Rate Cut Signal a Near-Term Low in US Rates? Week Ahead: Did the Fed's Rate Cut Signal a Near-Term Low in US Rates? Reviewed by Marc Chandler on September 21, 2024 Rating: 5
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