Home Tools Market Update – January 9 – USD Index falls 9% from peaks

Market Update – January 9 – USD Index falls 9% from peaks


Treasury  Wall Street These numbers soared after the NFP data. The net effect is a Fed rate hikes are expected to be moderated. Markets are celebrating the slowing of wage growth and a more resilient labor market. While the erosion of the service sector is not good news, it does add to the belief that FOMC will be there. Soften your stance With a 25-50 bp increase on February 1 After the December tightening to 50 bp

The jump in the workforce and easing wage growth & further signs of an economy slowing down with services contracting for the first time in more than 2-1/2 years in December = US economy recession, & Fed on its hiking path but no need to do too much!

  • The USD Index drops 9% from its peak. It The drifted to 103.23 From 105.40 Friday, after the NFP. Fed funds futures suggest a 4.958% final rate for June.
  • China’s re-opening of its borders – could add further pressure on USD.
  • EUR – spiked to nearly 1.0700.
  • JPY – slightly higher today at 132.16 From 131.20 bottom.
  • GBP – Gain 0.42% 1.2166After Friday’s spike of 1.5%, the market was back in business.
  • Stocks – The US markets The surge. US500 +USA100 +2.56% and 2.28%. APPL +3.68%, AMZN +3.56%, MSFT +1.18%.  
  • The Treasury yields are a dove The short end was a result of the market pricing out the…

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