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December 2024 Monthly

November 30, 2024
The trends were already entrenched before the US election and continued through most of last month. The trend toward higher rates and higher equities stalled, while the dollar remained strong. Investors and business continue to wrestle with the implications of the Republican sweep in the US elections.There are two broad issues that are the source …
December 2024 Monthly December 2024 Monthly Reviewed by Marc Chandler on November 30, 2024 Rating: 5
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Yen Jumps on Rate Hike Speculation

November 27, 2024
Overview: The US dollar has a softer profile today. All the G10 currencies are higher, led by 1%+ surge in the yen amid heightened speculation of a rate hike next month, while the US 10-year yield is near 4.25% today, the lowest since the election. Although the Reserve Bank of New Zealand allows for another half-point cut after delivering the seco…
Yen Jumps on Rate Hike Speculation Yen Jumps on Rate Hike Speculation Reviewed by Marc Chandler on November 27, 2024 Rating: 5
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Trump's Tariff Talks Wobble Forex Market, Close Neighbors Suffer Most

November 26, 2024
Overview: As some market pundits were debating about a possible grand deal between the US and China. In exchange for a lighter tariff regime, Beijing would accept yuan appreciation. As far-fetched as such scenario may be, it was predicated on ideas that people like the Bessent, the Treasury Secretary-nominee, was pragmatic. Trump's comments hi…
Trump's Tariff Talks Wobble Forex Market, Close Neighbors Suffer Most Trump's Tariff Talks Wobble Forex Market, Close Neighbors Suffer Most Reviewed by Marc Chandler on November 26, 2024 Rating: 5
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Markets do Cartwheels in Response to Traditional Pick for US Treasury Secretary Markets do Cartwheels in Response to Traditional Pick for US Treasury Secretary Reviewed by Marc Chandler on November 25, 2024 Rating: 5
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Week Ahead: Little to Stop the Surging Dollar

November 23, 2024
The dollar's Q4 rally continued last week. The Dollar Index has risen in the first eight weeks of the fourth quarter, gaining a little more than 7%. Half of the G10 currencies (the euro, the Swedish krona, the Norwegian and Danish krone, and New Zealand dollar) fell to new lows for the year last week. Part of the story is the paring of Fed cut…
Week Ahead: Little to Stop the Surging Dollar Week Ahead: Little to Stop the Surging Dollar Reviewed by Marc Chandler on November 23, 2024 Rating: 5
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Euro and Sterling are Trying to Stabilize after Sharp Drop on Back of Disappointing Flash PMI Euro and Sterling are Trying to Stabilize after Sharp Drop on Back of Disappointing Flash PMI Reviewed by Marc Chandler on November 22, 2024 Rating: 5
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Ueda Lifts Yen, Leaving Euro and Sterling Pinned Near Lows

November 21, 2024
Overview:  Escalating tensions in Europe and comments from Bank of Japan Ueda that spurred speculation of a December hike are the main drivers of the foreign exchange market today. The yen is the strongest of the G10 currencies, up about 0.65%, while the euro is the weakest, off a little more than 0.25%, and sterling is down almost as much. Most o…
Ueda Lifts Yen, Leaving Euro and Sterling Pinned Near Lows Ueda Lifts Yen, Leaving Euro and Sterling Pinned Near Lows Reviewed by Marc Chandler on November 21, 2024 Rating: 5
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