https://www.lmax.com/blog/blog/next-24-hours-hubspot-feed/ Insights on the Next 24 Hours in the FX Industry https://www.lmax.com/blog/next-24-hours/dollar-muscles-up-while-markets-tiptoe-through-hormuz-heat-and-earnings-fire/ Tue, 28 Apr 2026 11:27:38 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62622

Dollar muscles up while markets tiptoe through Hormuz heat and earnings fire

Heading into the North American session, markets are in a cautious, mildly defensive posture with a firmer dollar, softer equity futures, and elevated oil prices driven by renewed Middle East geopolitical tensions around the Strait of Hormuz, as investors weigh inflation risks from energy prices against resilient US equities near record highs, a heavy big-tech earnings calendar, and a packed central bank week.

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]]> https://www.lmax.com/blog/next-24-hours/risk-markets-hold-up-as-dollar-stays-offered/ Mon, 27 Apr 2026 11:49:09 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62614

Risk markets hold up as dollar stays offered

Markets head into the North American session with a mild pro-risk tone, as a softer dollar and modestly firmer US equity futures reflect some stabilization in sentiment even as markets remain highly event-driven.

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]]> https://www.lmax.com/blog/next-24-hours/modest-risk-off-mood-ahead-of-key-us-data/ Thu, 23 Apr 2026 08:54:01 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62599

Modest risk-off mood ahead of key US data

The markets tone ahead of the North American session is leaning modestly risk-off, with the US dollar firmer and US equity futures pointing lower as markets respond to a renewed uptick in geopolitical tension tied to the Middle East.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-up-stocks-up-what-gives/ Tue, 21 Apr 2026 11:36:14 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62585

Dollar up, stocks up — what gives?

Dollar firm and equities steady as markets balance resilient US growth expectations against softer European data and lingering geopolitics, with focus shifting to key US data and the Kevin Warsh hearing for policy direction clues.

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]]> https://www.lmax.com/blog/next-24-hours/geopolitics-rattle-but-markets-regain-composure/ Mon, 20 Apr 2026 10:43:40 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62578

Geopolitics rattle but markets regain composure

Markets are cautiously stabilizing into the North American open, with geopolitical tensions in the Middle East still front of mind but partially offset by hopes for de-escalation and a pause in risk after last week’s strong rally.

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]]> https://www.lmax.com/blog/next-24-hours/equities-hit-records-but-geopolitics-caps-momentum/ Thu, 16 Apr 2026 11:38:44 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62565

Equities hit records but geopolitics caps momentum

Global markets enter the North American session on steadier footing after US equities hit fresh record highs, as investors consolidate gains amid cautious optimism on US-Iran negotiations, persistent sticking points including the Strait of Hormuz and Iran’s nuclear program, a stabilizing dollar, and healthy US data calendar ahead.

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]]> https://www.lmax.com/blog/next-24-hours/calm-tone-holds-with-eyes-on-us-iran-developments/ Wed, 15 Apr 2026 11:45:48 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62555

Calm tone holds with eyes on US-Iran developments

Markets are treading cautiously near recent highs, balancing optimism over a potential de-escalation in US-Iran tensions against lingering geopolitical risks and mixed cross-asset signals.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-extends-setbacks-ahead-of-ppi/ Tue, 14 Apr 2026 10:43:42 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62544

Dollar extends setbacks ahead of PPI

Markets enter the North American session with a cautiously constructive tone, as easing geopolitical tensions weigh on oil and the dollar while investors look to key US inflation data to gauge whether energy-driven pressures will spill into broader price dynamics.

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]]> https://www.lmax.com/blog/next-24-hours/oil-shock-returns-but-risk-moves-stay-contained/ Mon, 13 Apr 2026 12:24:58 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62534

Oil shock returns, but risk moves stay contained

Markets head into the North American open with a cautious, modest risk-off tone as the collapse in U.S.–Iran talks drives oil sharply higher, lifting the dollar and yields while equities slip, though overall moves remain contained amid lingering hopes for stabilization.

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]]> https://www.lmax.com/blog/next-24-hours/fragile-ceasefire-keeps-markets-on-edge/ Thu, 09 Apr 2026 10:58:58 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62518

Fragile ceasefire keeps markets on edge

Geopolitics remains the dominant driver. The fragile two-week US-Iran ceasefire is holding tenuously into its second day, but persistent uncertainty around the Strait of Hormuz, Israeli strikes in Lebanon, and mixed signals on full reopening continue to fuel volatility in oil and risk sentiment.

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]]> https://www.lmax.com/blog/next-24-hours/markets-eye-data-amid-easing-tensions/ Wed, 01 Apr 2026 11:12:55 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62505

Markets eye data amid easing tensions

Risk sentiment is improving into the North American open on easing geopolitical headlines from President Trump, though uncertainty remains elevated amid NATO tensions, volatile oil, and a packed U.S. data calendar that could drive the next move in markets.

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]]> https://www.lmax.com/blog/next-24-hours/flows-and-geopolitics-steer-the-macro-tone/ Tue, 31 Mar 2026 11:39:24 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62497

Flows and geopolitics steer the macro tone

The dollar remains firm into the North American open on month-end flow support, while improved risk sentiment on easing US-Iran tensions is tempered by persistent geopolitical risks and rising global inflation concerns, keeping focus on key US data and Fed signals for direction.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-demand-into-quarter-end/ Mon, 30 Mar 2026 11:27:05 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62490

Dollar demand into quarter end

While escalating Middle East risks lift oil sharply and bolster the USD as the clear safe-haven winner, US equity futures remain modestly positive — highlighting tentative resilience and quarter-end positioning flows amid underlying caution.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-quiet-risk-sentiment-fragile/ Thu, 26 Mar 2026 11:14:24 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62474

Dollar quiet, risk sentiment fragile

Markets head into the North American open in a cautious tone, with subdued Dollar trade overshadowed by escalating Middle East tensions, rising oil prices, and persistent central bank hawkishness despite growing macro uncertainty.

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]]> https://www.lmax.com/blog/next-24-hours/softer-dollar-firmer-tone/ Wed, 25 Mar 2026 11:11:33 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62466

Softer Dollar, firmer tone

Markets are opening with improved risk sentiment and a softer dollar on tentative geopolitical optimism, though ongoing Middle East tensions and weak macro signals suggest the rebound may prove fragile.

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]]> https://www.lmax.com/blog/next-24-hours/markets-steady-but-nerves-linger/ Tue, 24 Mar 2026 11:16:56 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62459

Markets steady but nerves linger

Markets enter the North American session with a firmer dollar and cautious risk tone, as escalating Middle East tensions, weakening global growth signals, and rising stagflation concerns in Europe outweigh tentative diplomatic hopes and keep investors focused on upcoming US data and central bank signals.

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]]> https://www.lmax.com/blog/next-24-hours/markets-rally-on-iran-de-escalation-hopes/ Mon, 23 Mar 2026 11:35:57 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62452

Markets rally on Iran de-escalation hopes

Markets turn risk-on into the North American open as a pause in U.S.-Iran tensions drives a sharp unwind in oil and lifts risk assets, though uncertainty remains elevated.

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]]> https://www.lmax.com/blog/next-24-hours/central-banks-meet-amid-tension/ Thu, 19 Mar 2026 11:07:23 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62438

Central banks meet amid tension

The dollar is mixed as markets weigh a hawkish Fed against escalating Middle East tensions that have driven oil sharply higher, with focus now shifting to BOE and ECB decisions amid ongoing concerns over global energy supply.

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]]> https://www.lmax.com/blog/next-24-hours/geopolitics-overshadow-quiet-macro-calendar/ Tue, 17 Mar 2026 11:45:05 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62419

Geopolitics overshadow quiet macro calendar

The dollar is holding steady but directionless as escalating geopolitical tensions and central bank signals keep markets cautious heading into the North American session.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-pulls-back-war-tensions-simmer/ Mon, 16 Mar 2026 11:11:05 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62412

Dollar pulls back, war tensions simmer

The dollar is modestly softer to start the week, though ongoing Middle East tensions, oil market risks, and upcoming North American data remain central to the macro outlook.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-holds-bid-amid-global-tension/ Thu, 12 Mar 2026 11:15:07 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62398

Dollar holds bid amid global tension

Global markets are turning more risk-averse into the North American open as escalating Middle East tensions disrupt oil supply, weighing on equities and energy-importing currencies while boosting the dollar ahead of key U.S. economic data.

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]]> https://www.lmax.com/blog/next-24-hours/markets-brace-for-cpi/ Wed, 11 Mar 2026 12:09:54 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62391

Markets brace for CPI

Markets head into the North American open focused on surging oil prices amid escalating Middle East tensions and a potential record IEA reserve release, while attention also turns to today’s key US CPI inflation data.

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]]> https://www.lmax.com/blog/next-24-hours/choppy-trade-as-geopolitics-and-data-collide/ Tue, 10 Mar 2026 12:18:49 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62384

Choppy trade as geopolitics and data collide

Markets head into the North American open cautiously, with the dollar steady amid choppy trading, geopolitical uncertainty around Iran, mixed global data, and investors balancing rising oil prices with expectations for potential Fed rate cuts.

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]]> https://www.lmax.com/blog/next-24-hours/geopolitics-and-oil-dominate-start-of-week/ Mon, 09 Mar 2026 12:26:39 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62377

Geopolitics and oil dominate start of week

Oil volatility, rising geopolitical tensions in the Middle East, a stronger US Dollar, higher global yields, and weak European data are setting a risk-off tone ahead of the North American open, with markets otherwise quiet as the Fed enters its blackout period.

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]]> https://www.lmax.com/blog/next-24-hours/oil-firm-yields-higher-as-tensions-persist/ Thu, 05 Mar 2026 12:18:17 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62364

Oil firm, yields higher as tensions persist

The dollar firmed overnight amid ongoing Iran conflict risks, though gains moderated on tentative diplomatic signals, as oil stays near highs, US yields rise to three-week peaks on persistent inflation pressures, equities trade cautiously, and markets look ahead to key US labor data and central bank commentary.

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]]> https://www.lmax.com/blog/next-24-hours/risk-firms-oil-slides-as-iran-war-talks-hinted/ Wed, 04 Mar 2026 12:25:44 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62352

Risk firms, oil slides as Iran war talks hinted

The Dollar softened and risk sentiment improved in Europe on tentative signs of potential Iran conflict diplomacy, pressuring oil and lifting equities. Markets now turn to US ADP, ISM services, and the Fed’s Beige Book for further macro direction.

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]]> https://www.lmax.com/blog/next-24-hours/markets-turn-defensive-amid-conflict/ Mon, 02 Mar 2026 12:13:48 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62339

Markets turn defensive amid conflict

Escalating geopolitical tensions following US and Israeli strikes on Iran are dominating global markets, driving a stronger US dollar, volatile oil prices, and a defensive risk tone as investors closely monitor the potential for further military escalation.

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]]> https://www.lmax.com/blog/next-24-hours/yen-and-aussie-drive-fx-moves/ Thu, 26 Feb 2026 12:09:13 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62320

Yen and Aussie drive FX moves

The yen strengthened on hawkish BOJ signals, the Australian dollar outperformed on strong inflation and bond inflows, geopolitical tensions remained elevated with new US sanctions and Ukraine talks, the ECB reaffirmed its cautious data-dependent stance amid mixed eurozone data, and focus now shifts to US jobless claims and Fed commentary.

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]]> https://www.lmax.com/blog/next-24-hours/eyes-on-fed-speak-and-nvidia-earnings/ Wed, 25 Feb 2026 12:08:23 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62311

Eyes on Fed speak and Nvidia earnings

The dollar is mixed as markets digest Trump’s address, yen weakness on dovish BOJ expectations and firmer AUD on strong inflation, while focus shifts to Fed speakers and Nvidia earnings as key drivers for risk sentiment.

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]]> https://www.lmax.com/blog/next-24-hours/yen-slides-on-boj-hike-doubts/ Tue, 24 Feb 2026 12:10:49 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62302

Yen slides on BOJ hike doubts

The yen leads market moves with sharp weakness on political pushback against BOJ tightening, while investors turn their focus to key US labor and confidence data and a wave of central bank commentary amid ongoing geopolitical and inflation uncertainty.

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]]> https://www.lmax.com/blog/next-24-hours/markets-stabilize-after-tariff-surprise/ Mon, 23 Feb 2026 12:20:26 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62295

Markets stabilize after tariff surprise

The dollar rebounded after an initial tariff-driven drop in Asia as markets stabilized into the European session, with trade tensions, improving German sentiment, dovish Bank of England guidance, and upcoming central bank commentary shaping a cautious macro tone heading into the North American open.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-up-as-inflation-fears-linger/ Thu, 19 Feb 2026 12:15:24 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62280

Dollar up as inflation fears linger

The dollar is strengthening on renewed hawkish Fed expectations, global rate hike bets are building in Australia and Japan, oil is rising on geopolitical supply risks, and markets now turn to key US data and Fed speakers for further direction.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-firms-into-fed-minutes/ Wed, 18 Feb 2026 12:19:53 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62269

Dollar firms into Fed minutes

The Dollar is regaining momentum amid cautious central bank signals, mixed global inflation and policy developments, and growing focus on upcoming US economic data and Fed minutes that could shape expectations for the policy outlook.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-firmer-as-peers-stumble/ Tue, 17 Feb 2026 12:19:02 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62262

Dollar firmer as peers stumble

The Dollar has returned from the long weekend on firmer footing largely due to weakness in the Yen, Euro, and Pound amid disappointing economic data and mixed central bank signals abroad, with markets now turning their attention to upcoming US data, Canadian inflation, and Fed commentary for further direction.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-softer-fx-volatile-cpi-now-in-focus/ Thu, 12 Feb 2026 12:12:48 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62243

Dollar softer, FX volatile, CPI now in focus

The dollar is slightly softer after failing to extend post-NFP gains, FX volatility remains elevated on divergent central bank signals and political developments, and markets are already looking past today’s data toward tomorrow’s key US CPI release.

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]]> https://www.lmax.com/blog/next-24-hours/usd-on-the-back-foot-into-jobs-test/ Wed, 11 Feb 2026 12:15:55 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62236

USD on the back foot into jobs test

The dollar is softer into the North American open ahead of a closely watched US jobs report that could reshape Fed rate expectations, while AUD is surging on hawkish RBA signals and geopolitical and trade risks remain quietly in the background.

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]]> https://www.lmax.com/blog/next-24-hours/markets-calm-yen-firm-focus-shifts-to-us-numbers/ Tue, 10 Feb 2026 12:16:55 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62229

Markets calm, Yen firm, focus shifts to US numbers

The dollar is steady near recent lows as the yen leads on post-election strength, UK markets stabilize after political noise, the Aussie eases on softer confidence data, and US focus turns to retail sales and Fed speakers with positioning cautious ahead of tomorrow’s key jobs report.

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]]> https://www.lmax.com/blog/next-24-hours/cautious-risk-tone-to-start-the-week/ Mon, 09 Feb 2026 12:14:30 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62222

Cautious risk tone to start the week

Overall, markets head into the new week with a cautious risk tone, as political developments, mixed global data, and heavy upcoming US event risk keep investors defensive, while the softer dollar and selective equity strength point to only tentative appetite for risk.

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]]> https://www.lmax.com/blog/next-24-hours/boe-cracks-ecb-next/ Thu, 05 Feb 2026 12:20:03 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62206

BOE cracks, ECB next

Heading into the North American open, USDJPY continues higher while sterling slides on a dovish 5–4 hold from the Bank of England that brings a March cut into focus, as markets await the European Central Bank verdict amid softer risk sentiment and growing attention on upcoming US labor data.

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]]> https://www.lmax.com/blog/next-24-hours/election-jitters-sink-yen-eyes-on-us-data/ Wed, 04 Feb 2026 12:17:17 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62197

Election jitters sink Yen, eyes on US data

Markets head into the North American open with the yen sliding on Japan election and stimulus risks, the dollar modestly firmer, eurozone core inflation cooling, and U.S. attention shifting to ADP and ISM after the delayed jobs report heightens uncertainty around labor momentum.

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]]> https://www.lmax.com/blog/next-24-hours/aussie-pops-on-surprise-rba-hike/ Tue, 03 Feb 2026 12:23:35 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62190

Aussie pops on surprise RBA hike

After some modest overnight US Dollar softness, the greenback has edged back slightly above last night’s levels, while the standout mover has been the Australian Dollar following a surprise hike from the Reserve Bank of Australia.

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]]> https://www.lmax.com/blog/next-24-hours/fed-fears-fade-data-week-begins/ Mon, 02 Feb 2026 12:21:34 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62182

Fed fears fade, data week begins

Markets open North America with the dollar slightly softer as Fed independence concerns ease after Warsh’s appointment, attention shifts to a busy U.S. data week led by ISM and Friday’s payrolls, and cross-asset moves reflect cautious positioning amid lingering labor risks, steady inflation expectations, and modest FX and commodity adjustments.

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]]> https://www.lmax.com/blog/next-24-hours/macro-crosscurrents-build-ahead-of-the-fomc/ Tue, 27 Jan 2026 12:10:13 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62150

Macro crosscurrents build ahead of the FOMC

Markets head into the North American open navigating renewed FX volatility, resurfacing trade tensions, cautious central bank messaging, and a growing focus on incoming US data as the FOMC decision draws closer.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-sinks-gold-shines/ Mon, 26 Jan 2026 12:10:49 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62143

Dollar sinks, gold shines

Markets head into the North American open in a risk-off mood as renewed Japan intervention fears and US political uncertainty drive broad dollar weakness, lift gold, and leave investors focused on incoming data and central bank signals for direction.

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]]> https://www.lmax.com/blog/next-24-hours/risk-mood-improves-as-trump-softens-stance/ Thu, 22 Jan 2026 12:15:36 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62130

Risk mood improves as Trump softens stance

Overall, the tone is one of improving global risk sentiment, driven by easing geopolitical tensions, strong Australian data lifting rate expectations, and a busy macro calendar that could further shape market direction into the North American open.

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]]> https://www.lmax.com/blog/next-24-hours/macro-storm-clouds-linger/ Wed, 21 Jan 2026 12:09:50 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62123

Macro storm clouds linger

Global markets are cautiously stabilizing after yesterday’s selloff, but sentiment remains fragile as investors balance tentative risk recovery against persistent political uncertainty, renewed Trump rhetoric, and an unresolved backdrop of global macro stress.

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]]> https://www.lmax.com/blog/next-24-hours/sell-america-trade-resurfaces/ Tue, 20 Jan 2026 12:17:04 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62114

Sell America trade resurfaces

Global markets head into the North American open with the dollar under pressure and risk sentiment fragile.

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]]> https://www.lmax.com/blog/next-24-hours/holiday-thinned-markets-trump-tariffs-in-focus/ Mon, 19 Jan 2026 12:10:26 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62105

Holiday-thinned markets, Trump tariffs in focus

With US markets closed for the MLK holiday, trade has been relatively subdued, though headlines over the weekend added a political edge after President Trump threatened 10% tariffs from February 1 on imports from several European countries over their opposition to his plans to seize Greenland.

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]]> https://www.lmax.com/blog/next-24-hours/politics-in-the-drivers-seat/ Thu, 15 Jan 2026 12:14:04 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62091

Politics in the driver’s seat

The dollar is a little stronger into North America as political headlines continue to drive markets, with President Trump easing pressure on the Fed and Iran and overall data pointing to steady but unspectacular global growth.

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]]> https://www.lmax.com/blog/next-24-hours/yen-recovers-as-slide-becomes-too-much/ Wed, 14 Jan 2026 12:14:22 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62084

Yen recovers as slide becomes too much

Markets open with USDJPY pulling back from an 18-month high after Japanese officials warned against excessive moves, as investors also focus on rising political uncertainty in Japan, key US data and Fed speakers, strong Chinese trade, and fresh geopolitical tensions over Greenland.

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]]> https://www.lmax.com/blog/next-24-hours/fx-steady-yen-slumps-into-us-cpi/ Tue, 13 Jan 2026 12:12:50 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62075

FX steady, Yen slumps into US CPI

Markets are largely steady ahead of US CPI, but the yen has weakened sharply on rising Japanese political risk, prompting US-Japan FX concerns, while global central banks back Fed Chair Powell and investors await key US inflation and labor data.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-slips-as-fed-independence-fears-grow/ Mon, 12 Jan 2026 12:12:07 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62067

Dollar slips as Fed independence fears grow

The dollar is under pressure as concerns over Federal Reserve independence intensify following news of a criminal investigation into Chair Powell, undermining its safe-haven appeal and shifting rate-cut expectations toward later this year. Geopolitical risks are also rising, with the US weighing intervention in Iran and Europe discussing a military presence in Greenland, while markets now turn their focus to tomorrow’s US inflation report.

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]]> https://www.lmax.com/blog/next-24-hours/fx-steady-as-us-jobs-data-looms/ Wed, 07 Jan 2026 12:20:45 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62047

FX steady as US jobs data looms

FX markets are largely unchanged from last night as investors position for a heavy slate of US labor market data over the coming days, starting with December ADP payrolls today, followed by the services ISM employment component and November JOLTS figures, ahead of weekly claims and Friday’s key December nonfarm payrolls report.

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]]> https://www.lmax.com/blog/next-24-hours/euro-slips-as-ecb-doubts-grow/ Tue, 06 Jan 2026 12:14:37 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62038

Euro slips as ECB doubts grow

Overnight FX moves were led by a softer euro after benign French December CPI and weaker-than-expected German state CPI readings, particularly in the core components, prompting growing questions about whether the ECB’s December forecasts may have been overly hawkish despite prior efforts to correct earlier dovish bias.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-flexes-as-geopolitics-return-to-center-stage/ Mon, 05 Jan 2026 12:17:43 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=62024

Dollar flexes as geopolitics return to center stage

The dollar begins the first full week of 2026 on a strong footing, with the Dollar Index pushing to its highest level since mid-December—after weekend reports that the US captured Venezuelan President Maduro, who is set to appear in a New York court today.

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]]> https://www.lmax.com/blog/next-24-hours/quiet-fx-louder-politics/ Tue, 30 Dec 2025 12:20:10 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61998

Quiet FX, louder politics

FX markets remain subdued as we sit in the quiet window between Christmas and New Year, with limited follow-through across major pairs.

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]]> https://www.lmax.com/blog/next-24-hours/fx-consolidates-as-silver-whipsaws/ Mon, 29 Dec 2025 12:11:49 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61988

FX consolidates as silver whipsaws

U.S. data flow picks up through the week, but the key focus for markets is likely to be the release of the December FOMC meeting minutes tomorrow, which should provide further insight into the Fed’s policy path.

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]]> https://www.lmax.com/blog/next-24-hours/policy-noise-weighs-on-dollar/ Wed, 24 Dec 2025 12:29:49 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61974

Policy noise weighs on Dollar

The US dollar heads into the holiday period under renewed pressure after a brief bounce driven by a strong US Q3 GDP print, though the data comes with notable caveats, particularly the outsized contribution from healthcare spending.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-pressure-deepens-amid-global-policy-split/ Tue, 23 Dec 2025 12:24:25 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61962

Dollar pressure deepens amid global policy split

The dollar’s sharp reversal yesterday has extended into overnight trading, pushing the Dollar Index to its lowest level since early October, as expectations of further Fed rate cuts contrast with other central banks signaling the end of easing cycles and even debating future tightening.

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]]> https://www.lmax.com/blog/next-24-hours/global-markets-eye-boj-fed-speak-key-data/ Mon, 15 Dec 2025 12:19:58 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61935

Global markets eye BOJ, Fed speak, key data

The US dollar is starting the week slightly softer, led by losses against the Japanese yen after comments from Japan’s Chief Cabinet Secretary suggested monetary policy decisions should remain firmly with the Bank of Japan, reinforcing expectations that political influence will stay limited and allowing for a more hawkish BOJ stance ahead of Friday’s final meeting of the year.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-slide-deepens/ Thu, 11 Dec 2025 12:18:38 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61922

Dollar slide deepens

The dollar extended its post-Fed slide in European trading, with the Dollar Index breaking below 98.50 for the first time since October as Fed Chair Powell’s cautious tone and clear divisions within the FOMC continued to weigh on sentiment, helping lift the Euro.

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]]> https://www.lmax.com/blog/next-24-hours/markets-on-hold-ahead-of-key-data/ Tue, 09 Dec 2025 12:30:30 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61906

Markets on hold ahead of key data

The dollar is modestly softer as markets await key US labor data, with mixed US small business signals, hawkish central bank messages from Australia and Japan, political uncertainty in Europe, and fresh comments from President Trump on rates and tariffs shaping the global macro backdrop.

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]]> https://www.lmax.com/blog/next-24-hours/markets-eye-fed-cut/ Mon, 08 Dec 2025 12:13:11 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61899

Markets eye fed cut

Global markets open the new day with the dollar little changed from Friday, as investors look ahead to an expected Fed rate cut on Wednesday, even as a broader shift in central bank thinking begins to take hold.

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]]> https://www.lmax.com/blog/next-24-hours/dovish-fed-chatter-drives-fx-moves/ Thu, 04 Dec 2025 12:08:04 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61886

Dovish Fed chatter drives FX moves

Asian trading briefly paused the recent wave of dollar selling, but Europe pushed the move further, driving the Dollar Index to a fresh five-week low after weak ADP payrolls, growing expectations of a December—and possibly January—Fed rate cut, and speculation around Kevin Hassett as the next Fed Chair.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-sinks-as-hassett-odds-surge/ Wed, 03 Dec 2025 12:09:00 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61878

Dollar sinks as Hassett odds surge

The dollar index is sliding to its weakest level since late October as markets increasingly price in Kevin Hassett—now seen with roughly 85% odds—as the next Fed Chair following President Trump’s public signaling, a development expected to weigh on the dollar, steepen the curve, and support risk assets.

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]]> https://www.lmax.com/blog/next-24-hours/fx-tone-firms-as-macro-tensions-linger/ Tue, 02 Dec 2025 12:10:45 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61871

FX tone firms as macro tensions linger

The dollar is firmer heading into the new day, extending its rebound from yesterday’s dip and reinforcing what appears to be a solid floor after several failed breaks in November.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-stumbles-into-december-start/ Mon, 01 Dec 2025 12:35:16 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61863

Dollar stumbles into December start

The dollar opened December on the back foot—especially against the yen—as USDJPY fell to a two-week low after BoJ Governor Ueda offered his strongest signal yet of a potential rate hike this month, pushing Japan’s two-year yield above 1% for the first time since 2008.

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]]> https://www.lmax.com/blog/next-24-hours/us-holiday-lull-lifts-europe-to-center-stage/ Thu, 27 Nov 2025 12:51:56 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61849

US holiday lull lifts Europe to center stage

With the U.S. offline for Thanksgiving, global markets are taking their cues from Europe, where German consumer confidence improves slightly and euro-area sentiment indicators firm modestly alongside a steady uptick in money supply.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-firms-as-fed-chair-speculation-builds/ Wed, 26 Nov 2025 12:25:57 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61842

Dollar firms as Fed Chair speculation builds

The dollar has retraced its overnight softness and is back near yesterday’s levels, as markets focus on reports that Kevin Hassett, viewed as a dovish and politically aligned contender, is emerging as the front-runner for the next Fed Chair.

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]]> https://www.lmax.com/blog/next-24-hours/calm-before-the-data-storm/ Tue, 25 Nov 2025 12:09:34 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61835

Calm before the data storm

Tuesday FX trading has been muted thus far as markets wait for a heavy slate of U.S. data—most notably September retail sales, PPI, and November consumer confidence—which together could influence already rising expectations for a December Fed rate cut, now supported by reports that Fed Chair Powell is preparing to push easing through a divided FOMC.

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]]> https://www.lmax.com/blog/next-24-hours/market-pause-before-key-us-data/ Mon, 24 Nov 2025 12:20:06 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61828

Market pause before key US data

The dollar is starting the week slightly softer in quiet FX trading as markets look ahead to Tuesday’s US retail sales and PPI data in a holiday-shortened week.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-strengthens-as-rate-cut-hopes-fade/ Thu, 20 Nov 2025 12:17:17 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61810

Dollar strengthens as rate cut hopes fade

The dollar has broken above its 200-day moving average for the first time since March, supported by FOMC minutes showing many officials expect to keep rates unchanged through 2025, while hopes for a December Fed rate cut weakened further after the BLS cancelled the October jobs report, leaving markets with less evidence to justify easing.

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]]> https://www.lmax.com/blog/next-24-hours/fx-volatility-spikes-with-yen-under-fire/ Wed, 19 Nov 2025 12:17:10 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61803

FX volatility spikes with Yen under fire

The dollar is firmer this morning, hitting a 12-day high largely on the back of renewed USDJPY strength after Japan’s Finance Minister signaled there had been no FX discussion with the BOJ—seen as a green light for further yen selling.

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]]> https://www.lmax.com/blog/next-24-hours/yen-weakens-layoffs-surge-fed-speaks/ Tue, 18 Nov 2025 12:25:27 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61796

Yen weakens, layoffs surge, Fed speaks

The U.S. dollar is firmer this morning, with USDJPY pushing well above 155.00, prompting Japan’s Finance Minister Katayama to voice concern over rapid FX moves and signal heightened vigilance.

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]]> https://www.lmax.com/blog/next-24-hours/yen-slips-euro-softens-dollar-firms/ Mon, 17 Nov 2025 12:18:35 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61786

Yen slips, Euro softens, Dollar firms

The US Dollar begins the week on a stronger footing, supported by firmer equity sentiment as US futures rise, led by the NASDAQ.

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]]> https://www.lmax.com/blog/next-24-hours/pound-slips-on-uk-political-jitters/ Wed, 12 Nov 2025 12:32:49 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61767

Pound slips on UK political jitters

The dollar extended its recovery overnight, gaining notably against the yen and pound. In the U.S., focus turns to the likely passage of a bill to reopen the government and to comments from a packed lineup of Fed speakers.

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]]> https://www.lmax.com/blog/next-24-hours/europe-catches-wall-street-tailwind/ Tue, 11 Nov 2025 12:11:04 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61760

Europe catches Wall Street tailwind

European stocks are catching up to Wall Street’s overnight rally after the U.S. Senate approved a bill to end the record 40-day government shutdown, with the measure now heading to the House for a vote tomorrow.

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]]> https://www.lmax.com/blog/next-24-hours/risk-sentiment-improves-on-bipartisan-deal-hopes/ Mon, 10 Nov 2025 12:10:10 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61753

Risk sentiment improves on bipartisan deal hopes

Risk assets kick off the week on firmer footing as optimism grows that the record-long U.S. government shutdown may soon end. A bipartisan deal to fund the government passed the Senate over the weekend, marking the first real progress after 40 days of gridlock.

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]]> https://www.lmax.com/blog/next-24-hours/weak-jobs-data-knocks-dollar/ Thu, 06 Nov 2025 12:10:49 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61737

Weak jobs data knocks dollar

The U.S. Dollar Index slipped back below the 100 mark overnight, pressured by softer Challenger job-cut data showing a 175% year-on-year surge in layoffs—the worst October reading in more than two decades.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-up-equities-edge-lower/ Wed, 05 Nov 2025 12:18:08 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61730

Dollar up, equities edge lower

The Dollar Index extended its recent advance overnight, briefly surpassing its August 1 peak to reach a seven-month high. Most major FX pairs were little changed, apart from USDCAD, which pushed higher.

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]]> https://www.lmax.com/blog/next-24-hours/risk-mood-sours-as-dollar-climbs/ Tue, 04 Nov 2025 12:41:36 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61721

Risk mood sours as dollar climbs

The post-FOMC dollar strength continued overnight, with the Dollar Index pushing back above 100 for the first time since August 1, while EURUSD slipped below 1.1500. The yen was a rare exception to the broad dollar bid, as USDJPY retreated from nine-month highs after Japan’s new finance minister, Katayama, voiced concern over rapid currency moves and signaled close monitoring.

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]]> https://www.lmax.com/blog/next-24-hours/fed-jitters-lift-dollar/ Mon, 03 Nov 2025 12:09:48 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61712

Fed jitters lift dollar

The dollar continues to strengthen, with the Dollar Index nearing 100.00 as expectations for a December Fed rate cut remain uncertain despite a recent hawkish FOMC move.

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]]> https://www.lmax.com/blog/next-24-hours/steady-dollar-softer-yen/ Thu, 30 Oct 2025 12:16:15 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61696

Steady dollar, Softer yen

The dollar is steady this morning, consolidating its post-Fed gains, with most major currencies little changed apart from the yen, which has sold off sharply after the Bank of Japan left policy unchanged and showed no urgency to tighten.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-eases-ahead-of-fomc/ Tue, 28 Oct 2025 12:18:17 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61681

Dollar eases ahead of FOMC

The yen staged a solid rebound overnight. Japanese growth minister Kiuchi said authorities would monitor the impact of yen weakness, while U.S. President Trump and Japan’s new Prime Minister Takaichi reaffirmed closer defense ties.

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]]> https://www.lmax.com/blog/next-24-hours/markets-lift-as-us-china-trade-optimism-grows/ Mon, 27 Oct 2025 12:11:16 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61674

Markets lift as US-China trade optimism grows

Market sentiment improved overnight amid optimistic signals from both the US and China on trade relations. Top negotiators from both sides reportedly reached agreements on several key issues, paving the way for Presidents Trump and Xi to finalize a deal that could ease global trade tensions.

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]]> https://www.lmax.com/blog/next-24-hours/fx-treads-water-ahead-of-us-cpi/ Thu, 23 Oct 2025 11:05:56 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61659

FX treads water ahead of US CPI

FX markets traded cautiously overnight, with most pairs treading water ahead of tomorrow’s delayed U.S. CPI release.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-surges-as-pound-euro-falter/ Wed, 22 Oct 2025 11:49:59 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61652

Dollar surges as Pound, Euro falter

The U.S. dollar extended its weekly rebound overnight, gaining ground against the euro and particularly the pound, propelling the Dollar index above 99.00 for the first time in seven days.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-rallies-on-japan-political-shift-and-stronger-yields/ Tue, 21 Oct 2025 11:50:26 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61645

Dollar rallies on Japan political shift and stronger yields

The dollar strengthened overnight, hitting a six-day high, with USDJPY out in front following news LDP leader Sanae Takaichi would become Japan’s next prime minister.

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]]> https://www.lmax.com/blog/next-24-hours/fx-steady-as-markets-eye-fed-data/ Mon, 20 Oct 2025 11:29:55 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61637

FX steady as markets eye Fed, data

As the new week gets going, the global macro & FX landscape is fairly stable, with neither sharp moves nor major policy surprises dominating the tape.

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]]> https://www.lmax.com/blog/next-24-hours/pounds-wild-rebound-baffles-traders/ Thu, 16 Oct 2025 11:16:52 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61624

Pound’s wild rebound baffles traders

The pound's sharp rebound—up two big figures in under 48 hours—has traders scratching their heads, despite UK August GDP hitting the expected 0.1% gain but with July revised lower to -0.1%.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-dips-fed-eyes-cut/ Wed, 15 Oct 2025 11:13:08 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61616

Dollar dips, Fed eyes cut

The US dollar eased overnight after Fed Chair Powell signaled a 25bps rate cut later this month — despite shutdown data gaps—citing labor risks, sticky inflation, and tariff pressures.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-surges-as-yen-and-euro-tumble/ Mon, 06 Oct 2025 11:17:41 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61582

Dollar surges as yen and euro tumble

The Dollar Index surged overnight due to significant selling of the Yen and Euro, driven by political developments in Japan and France. In Japan, Sanae Takaichi’s unexpected victory in the LDP leadership election, making her the new Prime Minister, sparked Yen weakness as her pro-stimulus policies are seen as a barrier to Bank of Japan rate hikes.

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]]> https://www.lmax.com/blog/next-24-hours/markets-waver-on-shutdown-fears/ Wed, 01 Oct 2025 11:11:15 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61566

Markets waver on shutdown fears

A U.S. government shutdown, potentially lasting weeks due to a deadlock over health care subsidies, threatens economic disruptions, including delayed key data releases like the upcoming jobs report and possible federal worker layoffs, as warned by President Trump.

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]]> https://www.lmax.com/blog/next-24-hours/trump-pushes-last-minute-talks-to-avoid-shutdown/ Mon, 29 Sep 2025 11:08:24 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61553

Trump pushes last-minute talks to avoid shutdown

The threat of a U.S. government shutdown is creating uncertainty, with President Trump planning a bipartisan meeting with top congressional leaders on Monday to avoid a closure by Tuesday night.

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]]> https://www.lmax.com/blog/next-24-hours/fed-speakers-and-data-drive-markets/ Thu, 25 Sep 2025 11:17:40 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61536

Fed speakers and data drive markets

The U.S. dollar eased slightly from its recent gains, which had been driven by Federal Reserve speakers' reluctance to support significant short-term interest rate cuts. This pullback was likely due to market adjustments or anticipation of key data.

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]]> https://www.lmax.com/blog/next-24-hours/gold-hits-another-record-markets-keeping-eye-on-fed/ Mon, 22 Sep 2025 11:09:39 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61527

Gold hits another record, markets keeping eye on Fed

The US dollar strengthened in Asian trading, reaching a ten-day high, though European traders later sold off some of those gains. This week's US economic data includes key releases like Thursday’s jobless claims and Tuesday’s flash PMIs, with Friday’s Core PCE Price Index drawing less attention.

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]]> https://www.lmax.com/blog/next-24-hours/feds-cautious-cut-sparks-market-swings/ Thu, 18 Sep 2025 11:21:44 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61514

Fed’s cautious cut sparks market swings

The U.S. dollar briefly rallied after the Federal Reserve’s 25bps rate cut to a 4%–4.25% range but retreated as markets anticipated further easing, with two more cuts projected for 2025.

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]]> https://www.lmax.com/blog/next-24-hours/boc-and-fomc-set-to-cut-rates-by-25bps/ Wed, 17 Sep 2025 11:10:51 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61507

BOC and FOMC set to cut rates by 25bps

Today, two significant interest rate decisions are anticipated. The Bank of Canada is expected to lower rates by 25 basis points to 2.50%, a move supported by recent weak Canadian labor and inflation data, despite some variation in forecasts. Meanwhile, the Fed is also projected to cut rates by 25 basis points, though strong U.S. retail sales and industrial production data have sparked speculation of a hawkish stance.

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]]> https://www.lmax.com/blog/next-24-hours/euro-surges-gold-extends-record-run/ Tue, 16 Sep 2025 11:34:04 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61499

Euro surges, Gold extends record run

The Dollar Index dropped to a 10-week low after a U.S. appeals court blocked President Trump’s attempt to remove Fed Governor Lisa Cook, pending her lawsuit, while Stephen Miran was confirmed as a new Fed board member.

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]]> https://www.lmax.com/blog/next-24-hours/euro-shrugs-off-frances-credit-downgrade/ Mon, 15 Sep 2025 11:38:56 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61491

Euro shrugs off France’s credit downgrade

The Euro held steady despite Fitch downgrading France’s credit rating from AA- to A+ due to rising government debt, political polarization, and fiscal concerns, with the yield spread between French and German 10-year bonds widening.

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]]> https://www.lmax.com/blog/next-24-hours/fed-rate-cut-odds-adjust-as-dollar-holds/ Wed, 10 Sep 2025 11:12:58 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61467

Fed rate cut odds adjust as Dollar holds

The U.S. dollar has remained largely unchanged on the day, holding slightly higher following Tuesday's significant downward revision of 911,000 jobs in the 2025 nonfarm payrolls data, which has bolstered expectations for a Federal Reserve rate cut next week—likely 25 basis points.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-dips-as-nfp-fallout-fuels-fed-cut-bets/ Tue, 09 Sep 2025 11:11:40 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61458

Dollar dips as NFP fallout fuels Fed cut bets

The U.S. dollar remains under pressure on Tuesday despite a stronger-than-expected U.S. NFIB small business optimism survey, as markets remain bearish following last Friday's disappointing NFPs, pushing the Dollar Index to a seven-week low.

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]]> https://www.lmax.com/blog/next-24-hours/markets-eye-fed-moves-jobs-revision/ Mon, 08 Sep 2025 11:12:43 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61452

Markets eye fed moves, jobs revision

The U.S. dollar weakened following a disappointing 22,000 non-farm payrolls miss on Friday, fueling expectations for Federal Reserve rate cuts.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-resilient-as-markets-eye-nfps/ Thu, 04 Sep 2025 11:20:25 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61436

Dollar resilient as markets eye NFPs

The U.S. dollar remains resilient despite mixed U.S. economic data this week, including underwhelming JOLTS job openings and ISM manufacturing, with focus on the upcoming Non-Farm Payrolls report.

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]]> https://www.lmax.com/blog/next-24-hours/yen-slides-uk-bonds-peak-fed-in-focus/ Wed, 03 Sep 2025 11:10:13 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61428

Yen slides, UK bonds peak, Fed in focus

Foreign exchange markets have calmed since yesterday, though the Japanese yen continued to weaken. Today’s data focus includes the US JOLTS report, factory orders, and the Fed’s Beige Book, with remarks expected from hawkish Fed voter Musalem.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-surges-as-global-yields-spike/ Tue, 02 Sep 2025 11:22:42 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61421

Dollar surges as global yields spike

North American traders returning from long weekends will notice a stronger U.S. dollar, driven by heightened safe-haven demand due to rising global long-end bond yields, with the UK at the forefront.

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]]> https://www.lmax.com/blog/next-24-hours/global-markets-react-to-fed-independence-fears/ Thu, 28 Aug 2025 11:39:14 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61406

Global markets react to Fed independence fears

The U.S. dollar has been declining since yesterday, returning to pre-Powell levels, with increased pressure following comments from President Trump's economic adviser, Kevin Hassett, suggesting Federal Reserve Governor Cook should take leave.

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]]> https://www.lmax.com/blog/next-24-hours/euro-slips-dollar-shines-ahead-of-fed-moves/ Wed, 27 Aug 2025 11:38:18 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61397

Euro slips, Dollar shines ahead of Fed moves

The U.S. dollar regained its strength from before Federal Reserve Chair Powell’s recent Jackson Hole speech, driven partly by euro weakness due to France’s political and fiscal issues, as well as demand for the dollar ahead of the U.S. Core PCE Price Index release.

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]]> https://www.lmax.com/blog/next-24-hours/global-markets-eye-political-risks/ Tue, 26 Aug 2025 11:19:08 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61390

Global markets eye political risks

The U.S. dollar weakened overnight after President Trump attempted to fire Federal Reserve Governor Cook for alleged mortgage fraud, a move she contested, vowing to continue her duties.

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]]> https://www.lmax.com/blog/next-24-hours/mixed-global-data-us-futures-dip/ Mon, 25 Aug 2025 11:24:55 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61382

Mixed global data, US futures dip

Federal Reserve Chair Jerome Powell signaled openness to lowering interest rates at the September meeting during his Jackson Hole speech, causing a brief spike in USD strength, though he didn’t commit to aggressive easing, suggesting a cautious approach.

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]]> https://www.lmax.com/blog/next-24-hours/fed-minutes-rbnz-cut-spark-fx-moves/ Wed, 20 Aug 2025 11:15:06 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61369

Fed minutes, RBNZ cut spark FX moves

As the Jackson Hole symposium approaches, with Federal Reserve Chair Jerome Powell speaking on Friday, the U.S. dollar reached an eight-day high in Asian trading but later moderated in a quiet European session, reflecting subdued FX market activity.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-dips-as-ukraine-talks-falter/ Tue, 19 Aug 2025 11:14:03 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61362

Dollar dips as Ukraine talks falter

The U.S. dollar weakened overnight despite early gains in Asian markets, as investors assessed the outcomes of a meeting between U.S. President Trump, Ukrainian President Zelensky, and European leaders.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-rises-as-zelensky-visits-white-house/ Mon, 18 Aug 2025 11:12:57 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61352

Dollar rises as Zelensky visits White House

The U.S. dollar strengthened slightly as global attention turned to Ukrainian President Zelensky’s White House visit alongside European leaders.

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]]> https://www.lmax.com/blog/next-24-hours/fed-cautious-amid-tariff-and-labor-concerns/ Thu, 14 Aug 2025 11:17:38 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61339

Fed cautious amid tariff and labor concerns

Despite the Federal Reserve's efforts to downplay expectations of a significant 50-basis-point rate cut, the U.S. dollar continues to weaken. Fed officials, including Bostic and Goolsbee, have emphasized a cautious approach, with Bostic anticipating only one rate cut by year-end and Goolsbee highlighting the complicating factor of tariffs.

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]]> https://www.lmax.com/blog/next-24-hours/fed-speakers-in-focus-as-dollar-sell-off-continues/ Wed, 13 Aug 2025 11:18:05 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61332

Fed speakers in focus as dollar sell-off continues

The U.S. dollar faced a significant sell-off following the latest CPI data, driven by expectations of a September rate cut and controversial remarks from the new BLS head about potentially canceling the Non-Farm Payrolls report.

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]]> https://www.lmax.com/blog/next-24-hours/all-eyes-on-us-inflation-data/ Tue, 12 Aug 2025 11:28:59 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61326

All eyes on US inflation data

The US July CPI report is anticipated to show a rise in core CPI to 3% year-on-year, ending a streak of sub-3% readings, with one major bank forecasting a stronger-than-expected 0.4% month-on-month increase that could temporarily bolster the US dollar.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-edges-up-as-cpi-report-looms/ Mon, 11 Aug 2025 11:29:39 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61316

Dollar edges up as CPI report looms

The US Dollar is slightly stronger at the start of the week, driven by anticipation for the upcoming US CPI report for July. Over the weekend, Federal Reserve dissenter Bowman warned that delaying action could worsen labor market conditions, advocating for three rate cuts this year.

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]]> https://www.lmax.com/blog/next-24-hours/tariffs-spike-trade-tensions-rise/ Thu, 07 Aug 2025 11:08:50 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61303

Tariffs spike, trade tensions rise

The dollar index remains under pressure with the latest round of weakness driven by a dovish shift from the Federal Reserve. Meanwhile, U.S. trade tensions are rising, with new 15% tariffs on Japanese imports and actions against countries like India and China for buying Russian oil, pushing the average U.S. tariff rate to 18.3%, the highest since 1934.

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]]> https://www.lmax.com/blog/next-24-hours/fed-chair-race-shakes-dollar-outlook/ Wed, 06 Aug 2025 11:08:29 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61296

Fed chair race shakes dollar outlook

The Dollar Index hit a new multi-session low following disappointing U.S. services ISM data, signaling stagflation concerns, while speculation about the next Fed Chair is adding additional uncertainty.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-dips-fed-rate-cut-talks-heat-up/ Tue, 05 Aug 2025 11:22:09 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61288

Dollar dips, Fed rate cut talks heat up

The U.S. dollar has seen steady buying interest overnight but remains well below its levels before the latest U.S. jobs report. Today, attention turns to U.S. and Canadian trade data and the U.S. services ISM report.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-dips-as-labor-market-concerns-linger/ Mon, 04 Aug 2025 11:29:58 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61281

Dollar dips as labor market concerns linger

The U.S. dollar weakened slightly overnight, still impacted by Friday’s Non-Farm Payrolls report, which raised concerns about the U.S. labor market’s strength.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-catches-a-bid-into-month-end/ Thu, 31 Jul 2025 11:30:14 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61268

Dollar catches a bid into month end

The US dollar is gaining strength as July comes to a close, with the Dollar Index attempting to break above its 100-day moving average, driven by Federal Reserve Chair Powell's hawkish comments.

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]]> https://www.lmax.com/blog/next-24-hours/all-eyes-on-fed-decision/ Wed, 30 Jul 2025 11:37:26 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61260

All eyes on Fed decision

The US dollar weakened slightly overnight as markets awaited the Federal Reserve's monetary policy decision, widely expected to maintain interest rates at 4.25%–4.50%.

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]]> https://www.lmax.com/blog/next-24-hours/us-dollar-extends-run/ Tue, 29 Jul 2025 11:26:05 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61252

US Dollar extends run

The U.S. dollar has extended its run today, largely on the back of market reactions to the EU-U.S. trade agreement and anticipation for the upcoming FOMC update.

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]]> https://www.lmax.com/blog/next-24-hours/eu-faces-new-tariffs-euro-slides/ Mon, 28 Jul 2025 11:39:50 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61243

EU faces new tariffs, Euro slides

The Euro surged in early Asian trading following the US-EU trade agreement announced over the weekend, but has since faced consistent selling pressure, eventually triggering stop-loss orders below 1.1700, reflecting a classic "buy the rumor, sell the fact" market reaction.

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]]> https://www.lmax.com/blog/next-24-hours/australian-dollar-shines-amid-trade-optimism/ Thu, 24 Jul 2025 11:25:27 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61230

Australian dollar shines amid trade optimism

The US Dollar is trying to recover despite Commerce Secretary Lutnick’s criticism of Federal Reserve Chair Powell, calling for his resignation and lower interest rates.

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]]> https://www.lmax.com/blog/next-24-hours/tariffs-trimmed-tensions-shift-to-brussels/ Wed, 23 Jul 2025 11:41:30 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61224

Tariffs trimmed, tensions shift to Brussels

Markets have been propped up on news the USA and Japan reached a trade agreement that cuts tariffs on Japanese auto imports—from 25% to 15%— while sparing other goods from additional levies in exchange for a $550 billion investment and loan package directed at the USA.

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]]> https://www.lmax.com/blog/next-24-hours/markets-drift-as-traders-wait-for-fresh-signals/ Tue, 22 Jul 2025 11:23:19 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61217

Markets drift as traders wait for fresh signals

Markets remained subdued overnight amid a lack of fresh catalysts, with traders largely sidelined. USDJPY saw a modest rebound but stalled below 148.00, as attention shifted from Japan’s election outcome to its fiscal challenges.

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]]> https://www.lmax.com/blog/next-24-hours/trump-tariffs-spark-dollar-drop/ Thu, 10 Jul 2025 11:26:34 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61193

Trump tariffs spark Dollar drop

The U.S. dollar dropped sharply early on in the day due to political fallout from President Trump’s new tariff threats, including a proposed 50% tariff on Brazil in response to the trial of former President Bolsonaro for an alleged coup attempt.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-steadies-as-fed-minutes-loom/ Wed, 09 Jul 2025 11:18:44 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61186

Dollar steadies as Fed Minutes loom

The U.S. dollar edged higher but remained quiet as markets awaited the FOMC minutes, with focus intensifying after President Trump reiterated his push for aggressive tariffs, including a 50% levy on copper and potential new rates on pharmaceuticals, driving copper prices to a record high.

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]]> https://www.lmax.com/blog/next-24-hours/trumps-tariffs-stir-dollar-markets-await-talks/ Tue, 08 Jul 2025 11:18:45 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61178

Trump’s tariffs stir dollar, markets await talks

President Trump announced new tariffs, including 25% levies on Japan and South Korea effective August 1, though he signaled openness to negotiations and flexibility on the deadline.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-firms-as-tariff-tensions-resurface/ Mon, 07 Jul 2025 11:20:58 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61170

Dollar firms as tariff tensions resurface

As U.S. traders return from the Independence Day holiday, they’ll find a stronger dollar, supported by renewed trade tensions and geopolitical noise. Tariffs are back in focus ahead of Wednesday’s deadline, with President Trump warning that countries aligning with BRICS policies contrary to U.S. interests will face a 10% tariff.

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]]> https://www.lmax.com/blog/next-24-hours/markets-brace-for-jobs-report-ahead-of-holiday-weekend/ Thu, 03 Jul 2025 11:26:02 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61158

Markets brace for jobs report ahead of holiday weekend

The dollar remains steady ahead of today’s key U.S. non-farm payrolls report, with expectations centered around 106k, though sentiment has softened after a weak ADP print, pulling the "whisper" number closer to 97k.

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]]> https://www.lmax.com/blog/next-24-hours/eurozone-jobless-rate-ticks-up-ecb-stays-patient/ Wed, 02 Jul 2025 11:32:03 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61150

Eurozone jobless rate ticks up, ECB stays patient

Strong U.S. JOLTS job data has supported the Dollar, though the Dollar Index has failed to make any meaningful recovery attempts thus far. President Trump reiterated his July 9 deadline for higher tariffs, threatening to halt talks and impose duties on several countries, including Japan, which is negotiating in good faith but prioritizing national interests.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-dives-as-fed-rate-cut-bets-grow/ Tue, 01 Jul 2025 11:14:24 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61143

Dollar dives as Fed rate cut bets grow

The U.S. dollar faced renewed pressure at the start of July, with the Dollar Index dropping to its lowest since February 2022, marking a 10.8% decline in the first half of 2025—the worst since 1973—driven by geopolitical tensions and Trump’s trade policies.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-suffers-amid-trade-tensions/ Mon, 30 Jun 2025 11:29:02 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61084

Dollar suffers amid trade tensions

The U.S. dollar hit multi-year lows as investors turned away from it, driven by ongoing criticism of the Federal Reserve and concerns over fiscal irresponsibility in the Trump administration’s budget.

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]]> https://www.lmax.com/blog/next-24-hours/fed-rate-cut-speculation-grows/ Wed, 25 Jun 2025 11:23:56 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61068

Fed rate cut speculation grows

The currency market has been relatively stable as traders await Federal Reserve Chair Jerome Powell’s second day of testimony before the Senate, though this does follow fresh yearly highs for the Euro and Pound in Tuesday trade.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-dips-as-trump-touts-ceasefire/ Tue, 24 Jun 2025 11:19:15 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61061

Dollar dips as Trump touts ceasefire

The Dollar Index dropped to an eight-day low after President Trump announced a ceasefire between Israel and Iran, though doubts persist as Iran launched missiles at Israel, prompting a planned Israeli strike on Tehran.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-surges-post-iran-strikes/ Mon, 23 Jun 2025 11:10:28 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61052

Dollar surges post Iran strikes

The U.S. dollar surged to a June high on the Dollar Index following U.S. airstrikes on Iran’s nuclear enrichment sites over the weekend, with President Trump claiming “monumental damage” to underground facilities.

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]]> https://www.lmax.com/blog/next-24-hours/focus-on-boe-with-us-market-out/ Thu, 19 Jun 2025 11:25:30 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61034

Focus on BOE with US market out

The Dollar Index hit an eight-day high, driven by Federal Reserve Chair Powell’s hawkish comments and reports of potential U.S. military action against Iran, which also weighed on the Australian Dollar to a weekly low amid other contributing factors including weak Australian job data.

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]]> https://www.lmax.com/blog/next-24-hours/us-retail-sales-data-stands-out/ Tue, 17 Jun 2025 11:12:33 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61019

US retail sales data stands out

The Yen didn’t move all that much but did manage to post a four-day low against the Buck after the Bank of Japan maintained its interest rate, as expected, while planning to reduce bond purchases quarterly starting next fiscal year.

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]]> https://www.lmax.com/blog/next-24-hours/china-data-mixed-ecb-hints-at-rate-flexibility/ Mon, 16 Jun 2025 11:19:13 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=61012

China data mixed, ECB hints at rate flexibility

The U.S. dollar has pulled back as the new week gets going. Soft inflation data from the Michigan sentiment survey and earlier CPI/PPI misses have accounted for a some of this flow.

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]]> https://www.lmax.com/blog/next-24-hours/euro-hits-2025-high-as-ecb-signals-end-to-cuts/ Thu, 12 Jun 2025 11:17:18 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60999

Euro hits 2025 high as ECB signals end to cuts

The US Dollar has extended declines in the aftermath of Wednesday softer US CPI print. Interestingly enough, the data has failed to inspire much confidence in risk assets, presumably given the distraction around the escalation in geopolitical tension in the Middle East.

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]]> https://www.lmax.com/blog/next-24-hours/us-dollar-swings-ahead-of-cpi-data/ Wed, 11 Jun 2025 11:18:25 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60992

US Dollar swings ahead of CPI data

The US Dollar is showing mixed signals today with limited movement as markets await the key US CPI data for May

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]]> https://www.lmax.com/blog/next-24-hours/pound-slips-on-weak-uk-jobs-data/ Tue, 10 Jun 2025 11:12:35 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60984

Pound slips on weak UK jobs data

Overnight, USDJPY reached an eight-day high of 145.29 but retreated after Bank of Japan Governor Ueda noted that Japan’s inflation is still below the 2% target and the low policy rate limits economic stimulus options.

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]]> https://www.lmax.com/blog/next-24-hours/global-markets-brace-for-us-china-trade-talks/ Mon, 09 Jun 2025 11:26:30 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60976

Global markets brace for US-China trade talks

The U.S. dollar has come under a little pressure as the new week gets going, despite a stronger-than-expected May jobs report and robust wage growth.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-dips-ecb-eyes-rate-cut/ Thu, 05 Jun 2025 11:11:16 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60960

Dollar dips, ECB eyes rate cut

The U.S. dollar weakened slightly as markets awaited key U.S. economic data. The ECB is expected to cut rates by 25 basis points to 2%, halving its peak rate from 2023-2024.

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]]> https://www.lmax.com/blog/next-24-hours/us-tariffs-bite-markets-eye-adp-and-beige-book/ Wed, 04 Jun 2025 11:05:14 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60951

US tariffs bite, markets eye ADP and Beige Book

President Trump expressed challenges in negotiating trade with China’s President Xi, while EU-U.S. trade talks progressed positively, and Japan scheduled discussions in Washington from June 5-8, amid new 50% U.S. tariffs on steel and aluminum.

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]]> https://www.lmax.com/blog/next-24-hours/soft-inflation-fuels-ecb-easing-bets/ Tue, 03 Jun 2025 11:06:19 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60944

Soft inflation fuels ECB easing bets

The Euro weakened against the dollar after softer-than-expected Eurozone May flash inflation data, reinforcing expectations for an ECB rate cut later this week.

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]]> https://www.lmax.com/blog/next-24-hours/fed-minutes-overshadowed-by-tariff-uncertainty/ Thu, 29 May 2025 11:10:33 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60928

Fed Minutes overshadowed by tariff uncertainty

US equity futures are well bid ahead of the North American open, with S&P 500 minis up over 1.1% and Nasdaq up 1.67%, partly due to Nvidia’s strong results and a U.S. court ruling declaring some of President Trump’s tariffs illegal, boosting risk sentiment by potentially enhancing consumer spending and economic growth.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-dips-as-fomc-minutes-loom/ Wed, 28 May 2025 11:19:24 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60921

Dollar dips as FOMC minutes loom

The U.S. dollar weakened in European trading after overnight gains in Asia, as the lift from strong consumer confidence data faded, with focus shifting to the FOMC minutes due later today.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-climbs-as-tariff-talks-shift/ Tue, 27 May 2025 11:02:55 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60914

Dollar climbs as tariff talks shift

After the long weekend, US traders will return to a stronger US dollar. Over the weekend, President Trump delayed a planned 50% tariff on the EU from June 1 to July 9, giving more time for talks with EU Commission President von der Leyen, who emphasized the need for swift negotiations.

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]]> https://www.lmax.com/blog/next-24-hours/g7-reaffirms-market-driven-fx/ Thu, 22 May 2025 11:22:45 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60892

G7 reaffirms market-driven FX

We haven’t seen much movement in the Yen following what had been an anticipated meeting between U.S. Treasury Secretary Bessent and Japan’s Finance Minister Kato at the G7. In the meeting, both sides reaffirmed their stance that foreign exchange rates should be market-driven and currently reflect economic fundamentals, dismissing speculation of coordinated currency support.

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]]> https://www.lmax.com/blog/next-24-hours/uk-cpi-surges-cable-hits-2022-high/ Wed, 21 May 2025 11:01:55 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60885

UK CPI surges, Cable hits 2022 high

Overnight, the US dollar index dipped below the key psychological threshold of 100, sliding to 99.40 amid widespread selling, exacerbated by global technical issues at Bloomberg that disrupted financial markets and extended auction windows during the European morning session.

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]]> https://www.lmax.com/blog/next-24-hours/inflation-watch-heats-up/ Tue, 20 May 2025 11:27:05 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60877

Inflation watch heats up

In a turbulent European session, the US dollar faced renewed pressure, with the Dollar Index dipping to a twelve-day low amid ongoing concerns about the US fiscal outlook, before staging a modest recovery.

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]]> https://www.lmax.com/blog/next-24-hours/us-debt-downgrade-lifts-yields-ez-cuts-growth-outlook/ Mon, 19 May 2025 11:06:02 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60867

US debt downgrade lifts yields, EZ cuts growth outlook

Moody’s downgrade of US government debt has pushed US 10-year yields above 4.55%, while the dollar index has slid to a 10-day low. The advancement of President Trump’s expansive tax and spending package by a key House committee adds fiscal strain, though Treasury Secretary Bessent has downplayed the downgrade’s significance.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-dips-as-markets-await-key-us-data/ Thu, 15 May 2025 11:30:44 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60852

Dollar dips as markets await key us data

The dollar index’s brief recovery after filling Monday’s opening gap has softened overnight as traders brace for a slew of critical US data releases, including April’s retail sales, PPI, jobless claims, Empire Manufacturing, Philly Fed surveys, and industrial production.

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]]> https://www.lmax.com/blog/next-24-hours/theyre-still-selling-the-buck/ Wed, 14 May 2025 11:31:33 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60845

They’re still selling the Buck

The U.S. dollar has come under renewed pressure in recent sessions, partially on the back of a softer US CPI print and partially perhaps because of an ongoing unpredictability around the Trump administration’s policy moves.

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]]> https://www.lmax.com/blog/next-24-hours/all-eyes-on-us-cpi-data/ Tue, 13 May 2025 11:25:44 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60834

All eyes on US CPI data

The US Dollar is slightly weaker as markets adapt to new tariffs, despite a recent rally in US equities, which are nearly flat for 2025 after earlier losses. Looking ahead, all eyes will be on the US CPI print especially with markets eyeing tariff impacts.

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]]> https://www.lmax.com/blog/next-24-hours/us-china-tariff-cuts-spark-dollar-rally-and-risk-on-flow/ Mon, 12 May 2025 11:18:21 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60827

US-China tariff cuts spark Dollar rally and risk on flow

In a surprising twist, the US and China agreed to significantly reduce tariffs, with the US lowering duties on Chinese imports from 145% to 30% and China cutting its tariffs from 125% to 10%. This breakthrough, accompanied by a commitment to ongoing trade talks, has sparked a massive US Dollar rally along with an accompanying rally in US equity futures.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-better-bid-post-fomc/ Thu, 08 May 2025 12:06:33 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60812

Dollar better bid post FOMC

The U.S. dollar has been better bid for the most part, with the Dollar Index reaching a weekly peak earlier today, building momentum on the back of the Fed’s decision to maintain rates and adopt a wait-and-see stance.

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]]> https://www.lmax.com/blog/next-24-hours/euro-stalls-amid-german-political-chaos/ Tue, 06 May 2025 11:26:23 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60797

Euro stalls amid German political chaos

The U.S. dollar remains under broad pressure on this Tuesday. The Euro has however struggled to gain momentum today despite the Dollar weakness perhaps due to political turmoil in Germany, where Friedrich Merz fell short of the votes needed to become Chancellor.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-selling-persists-despite-us-jobs-report/ Mon, 05 May 2025 11:15:43 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60789

Dollar selling persists despite US jobs report

The U.S. dollar remains under pressure despite a robust April Nonfarm Payrolls report of 177,000 jobs, as markets focus on the ongoing impact of President Trump’s tariff policies, though signals of potential trade deals and a possible softening of China tariffs offer some relief.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-looking-at-worst-month-since-november-2022/ Wed, 30 Apr 2025 11:09:54 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60771

Dollar looking at worst month since November 2022

The U.S. Dollar is demonstrating some resilience despite recent setbacks, perhaps with market focusing in on the upcoming Q1 GDP data. Other key data today includes Canada GDP, US ADP employment, Chicago PMIs, personal income, personal spending, and pending home sales.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-bounces-back-trump-eases-tariffs-boosts-trade-talks/ Tue, 29 Apr 2025 11:10:15 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60763

Dollar bounces back: Trump eases tariffs, boosts trade talks

The U.S. Dollar rebounded from a Dallas Fed-induced dip after President Trump announced tariff relief on foreign auto parts and imported vehicles, boosting optimism ahead of Treasury Secretary Bessent’s press conference, where he signaled progress in trade talks with Japan and India, while aiming to avoid escalating tensions with China.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-buying-muted-despite-month-end-rebalancing-chatter/ Mon, 28 Apr 2025 11:19:45 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60753

Dollar buying muted despite month-end rebalancing chatter

The FX market has gotten off to a quiet start this week. Chinese officials have been out emphasizing stabilizing employment and targeting 5% growth for 2025 but have also signaled restraint on aggressive stimulus, while resisting U.S. trade talks, instead demanding tariff removals.

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]]> https://www.lmax.com/blog/next-24-hours/trump-tempers-tariff-cut-expectations/ Thu, 24 Apr 2025 11:14:55 +0000 https://www.lmax.com/blog/next-24-hours/dollar-rises-trade-tensions-ease-copy/

Trump tempers tariff cut expectations

The U.S. Dollar has come back under pressure today, relinquishing some of its recent gains as optimism fades over an early reduction in Chinese tariffs, with President Trump indicating any changes depend on Beijing and could take two to three weeks.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-rises-trade-tensions-ease/ Wed, 23 Apr 2025 11:19:21 +0000 https://www.lmax.com/blog/next-24-hours/dollar-bounces-back-after-euro-and-yen-hit-key-levels-copy/

Dollar rises, trade tensions ease

President Trump’s comment that he has no intention of firing the Fed Chair, coupled with a nudge for more aggressive interest rate cuts, has helped to inspire some confidence in the US economy.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-bounces-back-after-euro-and-yen-hit-key-levels/ Tue, 22 Apr 2025 11:16:24 +0000 https://www.lmax.com/blog/next-24-hours/dollar-dips-on-structural-concerns-copy/

Dollar bounces back after Euro and Yen hit key levels

Trading conditions are getting back to fuller form following the Easter break. And after taking another big beating in the holiday thin trade, we are finally seeing some profit taking on US Dollar shorts from shorter-term accounts.

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]]> https://www.lmax.com/blog/next-24-hours/dollar-dips-on-structural-concerns/ Mon, 14 Apr 2025 11:17:01 +0000 https://www.lmax.com/blog/next-24-hours/markets-steady-but-growth-fears-and-tariff-tensions-loom-large-copy/

Dollar dips on structural concerns

We’re definitely seeing a massive uptick in risk appetite in recent sessions as investors celebrate a reprieve from tariff intensification. At the same time, the broader trade war narrative has not gone away and though we are getting a boost in risk assets, we’re also seeing the US Dollar suffer across the board.

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]]> https://www.lmax.com/blog/next-24-hours/uncertainty-remains-despite-tariff-pause/ Thu, 10 Apr 2025 11:14:24 +0000 https://www.lmax.com/blog/next-24-hours/flight-to-safety-changing-destinations-copy/

Uncertainty remains despite tariff pause

The US administration’s decision to pause additional tariffs for 90 days, leaving a 10% blanket tariff intact, has shifted markets from initial relief to realities as the US-China trade war still sits front and center.

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]]> https://www.lmax.com/blog/next-24-hours/flight-to-safety-changing-destinations/ Wed, 09 Apr 2025 11:16:59 +0000 https://www.lmax.com/blog/next-24-hours/markets-steady-but-growth-fears-and-tariff-tensions-loom-large-copy/

Flight to safety changing destinations

Investor risk appetite continues to look shaky in the face of ongoing drama around trade wars. The US move to a 104% levy on China and China’s aggressive retaliation have escalated the crisis in an unsettling way where flight to safety flow is being reexamined.

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]]> https://www.lmax.com/blog/next-24-hours/markets-steady-but-growth-fears-and-tariff-tensions-loom-large/ Tue, 08 Apr 2025 15:29:47 +0000 https://www.lmax.com/blog/?post_type=next-24-hours&p=60629

Markets steady, but growth fears and tariff tensions loom large

Financial markets are trying to consolidate in the aftermath of Monday mayhem which initially crushed risk appetite before cooler heads prevailed. Whether or not these cooler heads can keep things going remains to be seen with so much uncertainty still up in the air around the state of tariffs and trade wars.

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