Safe Havens Gain Favor Amid Geopolitical Tensions And U.S. Election Uncertainty, Gold Above $2400/Oz, DXY Slips

Weekly Report: what happened at YCL last week (0715-0719)?

Week Ahead: U.S. Dollar To Extend Recovery While Stocks Correct Lower

The consolidative phase for the dollar, after its recent drop, is evolving into a proper upside correction. Japan's economy appears to have recovered in Q2. The flash July PMI, the Bank of Canada meeting, and the Q2 US GDP estimate are highlights in the weekend ahead.

Dollar Consolidation Is Morphing Into Correction

Price Action On USD/JPY, GBP/JPY

USD/JPY broke a long-term descending trendline but found support near the 100-day MA and 155.00 level. Japanese authorities have not confirmed whether they have intervened in the market to support the Yen. The Japanese Yen is enjoying a stellar week thanks to optimism around wage growth and rising rate cut optimism.

Asset Allocation Committee Outlook Q3 2024: Policy And Politics

Asset Allocation Committee Outlook Q3 2024: Policy And Politics. Neuberger Berman says political and market volatility is likely to rise in the second half of the year. We are concerned that the U.S. Federal Reserve may wait too long to make its first rate cut.

Euro Trades Quietly Ahead Of ECB Meeting

Euro Trades Quietly Ahead Of ECB Meeting. The US dollar enjoys a firmer bias today, in mostly quiet turnover in narrow ranges. There is little chance of a change in the ECB's key interest rates today. The big event today is the ECB meeting. US S&P 500 and Nasdaq futures are modestly higher.

Dollar Crushed, Stocks Slump

Dollar has fallen to its lowest level in a month against the Japanese yen. US retail sales were better than expected last month. The dollar's intraday momentum indicators are stretched ahead of the North American open. Equities were mixed in Asia but have fallen in Europe. Gold extended its record high above $2482.

BOJ Appears To Have Intervened Last Friday Too, But Market Sells Yen Anyway

The US dollar is consolidating in narrow ranges against most of the G10 currencies. The Australian and New Zealand dollars, along with the Japanese yen are off by about 0.25%. Europe's Stoxx 600 fell 1% yesterday and is off 0.4% today. The Dollar Index has successfully tested the 104.00 level. A disappointing US retail sales report could challenge the greenback's consolidation.

Weekly Report: what happened at YCL last week (0708-0712)?

Week Ahead: Following Up A Watershed Week

Weekly Report: what happened at YCL last week (0701-0705)?

Week Ahead: Market Eyes 2 Fed Cuts This Year Ahead Of June CPI

Market Eyes 2 Fed Cuts this year ahead of June CPI and PPI on tap. The June employment data out of the way, the focus this week shifts back to prices. After no change in May, US CPI is expected to rise by 0.1% in June. Four drivers are shaping the investment climate.

Weekly Report: what happened at YCL last week (0624-0628)?

July 2024 Monthly

July brings new governments in the UK and France, a new European Commission, and China's Third Plenum session. The US policy mix stands out with loose fiscal policy and tight monetary policy, contributing to the dollar's strength. Emerging market currencies faced a heavier bias in June. The best policy mix for a currency is loose monetary and fiscal policy.

Will The PCE Deflator Really Contain New Information?

The Greenback Consolidates While Sustaining A Break Against The Yen

The dollar is sporting a softer profile today against all the G10 currencies except the Swedish krona. The dollar has sustained its push above JPY160 against the Japanese yen. All the large bourses fell in the Asia-Pacific region but India. Europe's STOXX 600 is off for a third consecutive session. The US 10-year Treasury yield is firm above 4.33%.

USD Pushes Above JPY160

The dollar is firm, and the market is challenging the JPY160 level. A strong monthly inflation print boosts the chances of a rate hike in Australia. The Aussie dollar is the main exception to the greenback's strength today. Asia Pacific bourses advanced, with Australia's market being the outlier.

Nervous Calm Hangs Over The Markets

Weekly Report: what happened at YCL last week (0617-0621)?