Dollar slips after soft jobs report; posts best weekly gain since August

Dollar slips after soft jobs report; posts best weekly gain since August
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Dollar slips after soft jobs report; posts best weekly gain since August
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25bps cut is not the only story … Volatility incoming. Data: – Global equities traded narrowly mixed, as markets entered the final 48 hours before the Federal Reserve, ECB, and Bank of Japan policy decisions. Positioning remained cautious, and flows were light as traders prepared for one of the most consequential macro weeks of Q4….
Further dollar selloff awaits further Fed guidance – BofA Source link
The major dollar pairs, particularly USD/JPY and USD/CAD, remain under moderate pressure as market participants react to a softer US inflation backdrop and heightened expectations of a Federal Reserve rate cut at the upcoming meeting. Additional downward pressure on the greenback stems from US Treasury Secretary Scott Bessent’s remarks, in which he allowed for a…
The U.S. Budget Deficit vs Dollar Strength debate has puzzled economists, traders, and policymakers for decades. In theory, a larger budget deficit should weaken the dollar. However, reality often shows the opposite. Dollar strength despite deficits remains one of the most surprising outcomes in global finance. Understanding the impact of U.S. deficit on currency requires…
Caterpillar benefits from solid Durable Goods Orders data on Monday. NASDAQ, growth stocks move lower on the good economic news. Dow Jones Industrial Average hits new all-time high. CAT stock looks likely to retest resistance zone in the $360s. Caterpillar (CAT) is moving higher on Monday in sharp contrast to the wider market. The…
In 2008, the S&P 500 plunged 37%, sending shockwaves across global markets. However, while everyone else was selling their kidneys to cover margin calls, a small group of traders were quietly making a fortune: Mulvaney Capital gained 108% (while most fund managers were updating their resumes). Dunn Capital returned over +50%. Graham Capital finished the…