Hong Kong
2024-11-12 22:03
IndustryMarket Wrap(11.12)
USD rises to 4-month peak vs major peers.
Key factors:
Investors betting on Trump administration policies
Euro at 7-month low, yuan at 3-month low
Potential Trump tariffs targeting Europe and China
Trump's crypto stance:
Vows to make US "crypto capital of the planet"
Analyst Gautam Chhugani: "regulatory tailwind zone"
Expectations of crypto-friendly SEC under Trump
Dollar index up 0.38% to 105.83 (highest since July). Drivers:
US equities, interest rates, and dollar pushing higher
Reports of hawkish China policy team (Rubio, Waltz)
Republican control of Congress
Currency movements:
Onshore yuan at 7.2378 (lowest since Aug 1)
AUD down 0.45% to $0.6545
EUR at $1.0611 (lowest since late April)
GBP down 0.36% to $1.2824
JPY at 154.04 per dollar
Market expectations:
Reduced likelihood of Dec Fed rate cut (69% vs 80% week ago)
Inflationary tariffs and immigration policies
German political uncertainty (Feb 23 elections)
UK wage growth slowing, unemployment rising
#ForexMarkets #TrumpEffect #BitcoinRally #DollarStrength #GlobalEconomics
Like 0
Gamma Squeezer
Trader
Hot content
Industry
Event-A comment a day,Keep rewards worthy up to$27
Industry
Nigeria Event Giveaway-Win₦5000 Mobilephone Credit
Industry
Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit
Industry
South Africa Event-Come&Win 240ZAR Phone Credit
Industry
Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit
Industry
[Nigeria Event]Discuss&win 2500 Naira Phone Credit
Forum category
Platform
Exhibition
Agent
Recruitment
EA
Industry
Market
Index
Market Wrap(11.12)
Hong Kong | 2024-11-12 22:03
USD rises to 4-month peak vs major peers.
Key factors:
Investors betting on Trump administration policies
Euro at 7-month low, yuan at 3-month low
Potential Trump tariffs targeting Europe and China
Trump's crypto stance:
Vows to make US "crypto capital of the planet"
Analyst Gautam Chhugani: "regulatory tailwind zone"
Expectations of crypto-friendly SEC under Trump
Dollar index up 0.38% to 105.83 (highest since July). Drivers:
US equities, interest rates, and dollar pushing higher
Reports of hawkish China policy team (Rubio, Waltz)
Republican control of Congress
Currency movements:
Onshore yuan at 7.2378 (lowest since Aug 1)
AUD down 0.45% to $0.6545
EUR at $1.0611 (lowest since late April)
GBP down 0.36% to $1.2824
JPY at 154.04 per dollar
Market expectations:
Reduced likelihood of Dec Fed rate cut (69% vs 80% week ago)
Inflationary tariffs and immigration policies
German political uncertainty (Feb 23 elections)
UK wage growth slowing, unemployment rising
#ForexMarkets #TrumpEffect #BitcoinRally #DollarStrength #GlobalEconomics
Like 0
I want to comment, too
Submit
0Comments
There is no comment yet. Make the first one.
Submit
There is no comment yet. Make the first one.