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Michael Brown, senior research strategist at Pepperstone, said in a note that the dollar was weakening in European trading, but its good days were not over. "I remain a firm believer in the dollar bullish," he said. Talk of "American exceptionalism" remains strong. The low likelihood of the Federal Reserve cutting interest rates compared to other major central banks should also continue to support the dollar. The weak phase offers investors an opportunity to buy the dollar. (Jin Ten)
Michael Brown, senior research strategist at Pepperstone, said: "I think the non-farm payrolls report will only encourage the dollar to continue to rise, which has been the market's preference for some time, which certainly helps to reinforce the theme of" American exceptionalism "and should keep the Federal Reserve relatively hawkish compared to other G10 members." The biggest risk to the bullish dollar view is that market participants may seek profit-taking/deleveraged ahead of Trump's inaugur...
Citi strategists expect the MSCI World index to rise 10 per cent this year, with "more balanced" returns across regions. The team led by Beata Manthey expects the rally to be widespread only after Trump takes office later this month. Global corporate earnings per share are expected to grow by 10% in 2025; in the US, the gap between the "Big Seven" and other stocks is expected to narrow. Upgrade global healthcare stocks to overweight; put consumer discretionary, utility...
In an interview with Mark Penn, a political strategist and former Clinton administration adviser, Musk acknowledged that the proposed US Department of Government Effectiveness (DOGE) would struggle to meet its previously promised $2 trillion in federal spending cuts. This contrasts sharply with his declaration at a Trump campaign rally last October that it would "cut at least $2 trillion". Musk explained that setting a higher target is for...
Juan Leon, senior investment strategist at Bitwise, said investors have started allocating funds to spot cryptocurrency ETFs in the hope that Trump's pro-cryptocurrency administration will take the White House in less than two weeks, with data showing that spot bitcoin and ethereum ETFs have attracted $1.75 billion so far in 2025. Juan Leon added: "In terms of the regulatory agenda, the Trump administration has already seen a number of cabinet members, both the SEC and the Treasury, who are pro-...
Lars Mouland, credit and rates strategist at Nordic Bank: US monetary policy has entered a new phase in which interest rate cuts depend on falling inflation or a weaker job market. Interest rates could end up higher than market expectations.
JPMorgan Global Market Strategists said in a report that 2024 is a pivotal year for digital assets, helped by Trump's victory, with a record $78 billion expected to enter the crypto market. This capital inflow consists of several key components: $27 billion net inflow of crypto funds, $14 billion invested in CME futures, $14 billion raised by crypto venture capital funds, $22 billion bitcoin purchased by MicroStrategy, and $1 billion bitcoin purchased by bitcoin miners. In other words, only Micr...
Bloomberg Intelligence strategist Athanasios Psarofagis has revealed that more than a dozen new cryptocurrency-centric funds will emerge in the exchange-traded fund (ETF) space in 2025, just a year after the first-ever U.S. bitcoin ETF was established. The products to be issued include: 1. ETF launched by ProShares to calculate the S & P 500 index return in Bitcoin; 2. Strive Asset Management and REX Shares Program...
Bloomberg Intelligence strategist Athanasios Psarofagis has revealed that more than a dozen new cryptocurrency-centric funds will emerge in the exchange-traded fund (ETF) space in 2025, just a year after the first-ever U.S. bitcoin ETF was established. The products to be issued include: 1. ETF launched by ProShares to calculate the S & P 500 index return in Bitcoin; 2. Strive Asset Management and REX Shares Program...
Mike McGlone, senior commodity strategist at Bloomberg Intelligence, explained the recent correction in bitcoin prices on the X platform. He said that the current market correction not only involves bitcoin, but also gold and other risk assets have fallen. It's just that bitcoin has fallen a lot due to high volatility, but it's actually "just a normal return" for bitcoin. Mike McGlone also said that although the S & P 500 index did not fall sharply in the fourth quarter of this year, it does not...
Steve Sosnick, chief strategist at Interactive Brokers, said the speculative frenzy that swept bitcoin and crypto-related stocks in 2024 was unlikely to subside in the new year. "2024 was a year of speculation and in recent weeks has morphed into a self-fulfilling frenzy. While these trades have sometimes run into trouble, most recently after the Fed's December meeting, investors have been willing to buy the dip," Mr. Sosnick said. "When something has been used by a lot of people for a long time...
Michael Brown, senior research strategist at Pepperstone, said in a note that the U.S. CPI data for November to be released tonight is unlikely to materially change the near-term outlook for Federal Reserve policy. A 25 basis point rate cut next week appears to be a certainty, with labor market rather than price pressures being the main determinant of the current policy shift. Economists surveyed by the Wall Street Journal expect overall CPI growth to accelerate to 2.7% year-on-year in November ...
Michael Brown, senior research strategist at Pepperstone, said in a note that the rise in US unemployment should be enough to strengthen the case for the Federal Reserve to cut interest rates by 25 basis points next week. US non-farm payrolls were 227,000 in November, higher than the 214,000 expected by analysts in a Wall Street Journal survey, but the unemployment rate rose to 4.2% from 4.1% published on Friday. If Fed policymakers are concerned that Trump is holding back inflation early in his...
Michael Brown, senior research strategist at Pepperstone, said in a note that the rise in US unemployment should be enough to strengthen the case for the Federal Reserve to cut interest rates by 25 basis points next week. US non-farm payrolls were 227,000 in November, higher than the 214,000 expected by analysts polled by the Wall Street Journal, but the unemployment rate rose to 4.2% from 4.1% published on Friday. If Fed policymakers are concerned that Trump is holding back inflation early in h...
Molly McGown, U.S. interest rate strategist at TD Securities, said the upcoming CPI would serve as a "higher threshold" for the Federal Reserve to pause its rate-cutting program at its next meeting after the jobs data is released. TD Securities expects the Fed to pause rate cuts early next year as policymakers review Trump's fiscal policy after he takes office in January. "We know from Powell that once he knows what the actual policy is, he will start putting it into the policy framework," Molly...
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