Edit

Now What?

February 28, 2025
Sorry for the disruption of the regular commentary.  Still, the monthly will be posted tomorrow. 
There is a key divide in the market.  One camp sees the US tariff threats as bluster and a negotiating tactic.  The other camp, which I find myself in, thinks something more serious is happening.  The US voted against Europe and with Russian and Iran a…
Now What? Now What? Reviewed by Marc Chandler on February 28, 2025 Rating: 5
Edit
Fragile Stability Today after Yesterday's Growth Scare Saw US Rates, Equities, and the Dollar Tumble Fragile Stability Today after Yesterday's Growth Scare Saw US Rates, Equities, and the Dollar Tumble Reviewed by Marc Chandler on February 26, 2025 Rating: 5
Edit

US 10-year Yield Falls to New Low for the Year, while Dollar has Muted Reaction to Trump's Affirmation of Tariffs on Canada and Mexico

February 25, 2025
Overview: The US 10-year yield has fallen to a new two-month low near 4.33% today, ahead of the $70 bln sale of five-year notes, following strong demand at the two-year floating note sale yesterday. The 200-day moving average is near 4.25%. The 10-year yield peaked in mid-January near 4.80%. The dollar initially rallied on President Trump's ac…
US 10-year Yield Falls to New Low for the Year, while Dollar has Muted Reaction to Trump's Affirmation of Tariffs on Canada and Mexico US 10-year Yield Falls to New Low for the Year, while Dollar has Muted Reaction to Trump's Affirmation of Tariffs on Canada and Mexico Reviewed by Marc Chandler on February 25, 2025 Rating: 5
Edit

Greenback Trims Initial Losses: Reversal in the Making?

February 24, 2025
Overview: With Japanese markets closed for a national holiday, the dollar was offered in early turnover today, and its recent losses were initially extended against several currency pairs. However, it recovered and early losses were pared or reversed. Among the G10 currencies, the dollar is higher against the Swiss franc and Japanese yen. The Germ…
Greenback Trims Initial Losses: Reversal in the Making? Greenback Trims Initial Losses: Reversal in the Making? Reviewed by Marc Chandler on February 24, 2025 Rating: 5
Edit

Week Ahead: Tariffs Loom and the State of the Trump Trade

February 22, 2025
Many observers seem confused. They express disappointment that the so-called "Trump trade", a rally in the dollar, has not materialized. Yet, in some ways, isn't that what happened from late last September, ironically around the Federal Reserve's 50 bp rate cut, around the time investors began taking US election polls more seriou…
Week Ahead: Tariffs Loom and the State of the Trump Trade Week Ahead: Tariffs Loom and the State of the Trump Trade Reviewed by Marc Chandler on February 22, 2025 Rating: 5
Edit

EMU PMI Disappoints, US Snubs G20, and BOJ Threatens to Buy JGBs

February 21, 2025
Overview:  The US dollar enjoys a firmer tone today after falling to new two-month lows against several of the G10 currencies. The market lacks near-term conviction as the US tariff threat looms after next week. US Secretary of State Rubio and Treasury Secretary Bessent have not attended the G20 meetings in South Africa due to tension in the bilat…
EMU PMI Disappoints, US Snubs G20, and BOJ Threatens to Buy JGBs EMU PMI Disappoints, US Snubs G20, and BOJ Threatens to Buy JGBs Reviewed by Marc Chandler on February 21, 2025 Rating: 5
Edit

Yen Jumps amid Signs Tokyo Does Not Object to Normalizing Monetary Policy

February 20, 2025
Overview:  The dollar's gains scored in North America yesterday have been reversed today.  It is softer against all the G10 currencies, led by the Japanese yen.  The greenback was pushed below JPY150 for the first in a little over two months, ostensibly on the back of greater confidence that the BOJ will continue to hike rates, but if anything…
Yen Jumps amid Signs Tokyo Does Not Object to Normalizing Monetary Policy Yen Jumps amid Signs Tokyo Does Not Object to Normalizing Monetary Policy Reviewed by Marc Chandler on February 20, 2025 Rating: 5
Edit
Euro's Pullback Extends, While the Kiwi Shrugs Off Third Half-Point Cut by the RBNZ Euro's Pullback Extends, While the Kiwi Shrugs Off Third Half-Point Cut by the RBNZ Reviewed by Marc Chandler on February 19, 2025 Rating: 5
Edit

Greenback Comes Back Firmer

February 18, 2025
Overview:  The US dollar enjoys a firmer tone against most of the G10 currencies in relatively quiet turnover. Ironically, the Australian dollar is the best performer and it is virtually flat, despite the beginning of the central bank's easing cycle earlier today. Governor Bullock pulled over a hawkish cut in the sense and futures market pushe…
Greenback Comes Back Firmer Greenback Comes Back Firmer Reviewed by Marc Chandler on February 18, 2025 Rating: 5
Subscribe to: Posts ( Atom )
Powered by Blogger.