08.02.2024 | Issue #100 | QCAM MONTHLY
«What about the US elections?»
The USD is recovering as the market pairs back Fed rate cut expectations. Meanwhile, the US election campaign is gearing up with a Biden-Trump rematch looking most likely. The outcome of the election remains uncertain and there are many moving parts that can impact the USD in response. …
Economy and Interest Rates
Global growth conditions have improved a bit at the start of 2024 with continued US outperformance versus the rest of the world, most notably Europe. The process of disinflation continues with the notable exception of Japan. Going into 2024, “soft-landing” (lower growth and inflation) is the …
FX Markets
The USD DXY rallied 3% since the end of last year with the JPY falling the most, followed by the SEK and the AUD, while the GBP held up best and EM currencies outperformed most major currencies. …
FX Analytics
There have been only a few signal changes since the last QCAM MONTHLY but enough to shift the overall USD position back to a small long. All discretionary Macro positions remained unchanged but Business Sentiment …