FX Weekly Recap: September 30 – October 4, 2024
The market spotlight was mostly on U.S. jobs-related data but geopolitical headlines also stole the show & spurred a bunch of risk-off moves early on.
The market spotlight was mostly on U.S. jobs-related data but geopolitical headlines also stole the show & spurred a bunch of risk-off moves early on.
Powell delivering speech at Jackson Hole 2023 MUFG emphasizes that this week’s US yield and USD movements will largely hinge on two critical events: the release of the FOMC minutes from the July 31 meeting and the upcoming Jackson Hole Symposium, particularly Fed Chair Powell’s speech. Key Points: FOMC Minutes: The FOMC meeting on July…
Cyber Monday deals 2025 are already shaping up to be the kind of chaotic joy shoppers like us secretly crave. Furthermore, these deals hit fast, hit hard, and hit every category you can imagine. In essence, Cyber Monday is the moment where saving big becomes a sport. You better believe I show up with championship…
Fundamental Overview The USD has been unusually resilient this week despite lots of negative catalysts. The US PPI and Core CPI came in on the softer side which saw the market increasing the easing expectations from 24 bps before the data to 37 bps after. Moreover, yesterday Fed’s Waller delivered some surprisingly dovish comments saying…
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing…
Fed Governor Christopher Waller expressed optimism about the US inflation outlook during an interview with CNBC, signaling that rate cuts may be on the table sooner than previously anticipated. Waller highlighted the positive inflation data released yesterday, describing it as “very good.” He suggested that, if this trend continues, “it’s reasonable to think rate cuts…
Yen expected to rally 7% against dollar amid US recession risk Source link