Last week the US Dollar retraced from the strength we had seen over the last few weeks as the Presidential Election at last came into focus.
We do not see the Dollar dominance easing in the longer term, but this was a pause as the markets wait for once again an election on a knife edge.
While the Dollar had its pause it gave the opportunity to others for once. The Euro stepped up and moved higher as more robust data which seems to have all but put the brakes on further aggressive rate cuts from the ECB.
On the flip side the Aussie ended the week on the back foot. Disinflation seems to have forced the hand of the RBA into 2025 to start making rate cuts.
Oil continued its recent move lower as the Middle East conflict remained quiet. Last week the WTI fell 3.3% to close at $69.29.
The week ahead is just the Presidential Election. Markets are braced for one once again a very close result and we expect some volatility around the announcement.
Data wise we have Interest rates from FOMC and the BoE.
Weekly Majors’ Market Performance
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The post Pre-Election Jitters first appeared on trademakers.
The post Pre-Election Jitters first appeared on JP Fund Services.
The post Pre-Election Jitters appeared first on JP Fund Services.
Peyman Khosravani is a global blockchain and digital transformation expert with a passion for marketing, futuristic ideas, analytics insights, startup businesses, and effective communications. He has extensive experience in blockchain and DeFi projects and is committed to using technology to bring justice and fairness to society and promote freedom. Peyman has worked with international organizations to improve digital transformation strategies and data-gathering strategies that help identify customer touchpoints and sources of data that tell the story of what is happening. With his expertise in blockchain, digital transformation, marketing, analytics insights, startup businesses, and effective communications, Peyman is dedicated to helping businesses succeed in the digital age. He believes that technology can be used as a tool for positive change in the world.
