US CPI data impacts markets: Oct inflation: 2.6%, core 3.3% (as expected) US stock futures cut losses Dollar retreats, Treasury yields drop Gold extends rally MSCI world index -0.17%, European shares dip Market reactions: US futures turn positive 2-yr Treasury yield falls to 4.256% Dec rate cut probability: 69% vs 62% earlier Euro up 0.1% at $1.0630 Yen at 154.615/USD Expert view (Pavlik, Dakota Wealth): "In-line inflation allows market to focus on positives: less regulation, potential business increase. We're on glide path to another rate cut." Trump effect lingers: Bond yields surged post-election Expectations: lower taxes, higher tariffs Potential GOP House majority adds uncertainty Analyst: "Still repricing the Trump trade" Commodities recover: Gold +0.6% to $2,610/oz Silver +0.8% to $30.93/oz Brent crude +0.4% to $72.15/barrel WTI +0.37% to $68.36/barrel #US CPI #Fed #MarketReaction #TrumpEffect

Brent crude holds around $72/barrel, trading in narrow range: Little changed for second day, near month's low Earlier support from pause in USD rally Trading band of ~$5 for nearly a month Market factors: OPEC cuts demand growth forecast (4th consecutive month) Awaiting US and IEA outlooks this week Traders assessing 2025 consumption outlook Concerns about potential oversupply next year Expert view (Harry Tchilinguirian, Onyx Capital Group): "The market is looking for a catalyst to break out. OPEC+ cuts afford somewhat of price support while macro economic realities put in place a cap." Morgan Stanley outlook: Cut oil price forecast Predicts potential glut in 2025 Reduced consumption expectations for 2024 and 2025 Second Trump presidency could significantly impact prices, direction unclear Key factors influencing oil market: Geopolitical risk premiums OPEC+ production cuts Global economic conditions #OilMarkets #CrudeOil #OPEC #WTI

ZAR strengthens 0.4% to 18.05/USD in early trading, following three days of heavy losses. Key factors: Markets anxious about Trump's trade policies Rand lost ~4% vs USD since Nov 5 US election High volatility in currency markets Market dynamics: Rising US Treasury yields USD strength on expectations of Trump's pro-growth policies Short-term speculative positioning pressuring ZAR SA's terms of trade remain relatively robust Market outlook: Rand likely to follow global cues due to light domestic calendar Johannesburg Top-40 index down 0.3% in early trade SA 2030 govt bond yield up 2 bps to 9.25% Expert view (Andre Cilliers, TreasuryONE): "The currency has struggled amid rising U.S. Treasury yields and dollar strength driven by expectations of pro-growth policies under Trump." #SouthAfricanRand #ForexMarkets

JPY weakens past 155/USD for first time since July, increasing Japan's market intervention risk. Key factors: Yen slides 0.3% to 155.04 vs USD Losses extend after Trump's re-election as US president Surging Treasury yields weigh on yen, 2-yr yield at highest since July Market focus: Yen near levels of last Japanese intervention Japan's top FX official warns of one-sided, sudden moves Bloomberg economist survey: median intervention trigger at 160 yen/USD Trump policy potential impacts: Expansionary, inflationary economic policies may reduce Fed rate cut willingness Could further widen US-Japan interest rate gap, weakening yen Market questions pace of narrowing interest rate differential Japan govt & BOJ stance: Record interventions this year in two rounds ¥9.8T ($63B) spent late Apr-early May Additional ¥5.5T in early July BOJ Gov Ueda acknowledges FX impact on Japan's price trends Persistent yen weakness may prompt earlier rate hike consideration #BOJ #JPY

USD rises to 4-month peak vs major peers. Key factors: Investors betting on Trump administration policies Euro at 7-month low, yuan at 3-month low Potential Trump tariffs targeting Europe and China Trump's crypto stance: Vows to make US "crypto capital of the planet" Analyst Gautam Chhugani: "regulatory tailwind zone" Expectations of crypto-friendly SEC under Trump Dollar index up 0.38% to 105.83 (highest since July). Drivers: US equities, interest rates, and dollar pushing higher Reports of hawkish China policy team (Rubio, Waltz) Republican control of Congress Currency movements: Onshore yuan at 7.2378 (lowest since Aug 1) AUD down 0.45% to $0.6545 EUR at $1.0611 (lowest since late April) GBP down 0.36% to $1.2824 JPY at 154.04 per dollar Market expectations: Reduced likelihood of Dec Fed rate cut (69% vs 80% week ago) Inflationary tariffs and immigration policies German political uncertainty (Feb 23 elections) UK wage growth slowing, unemployment rising #ForexMarkets #TrumpEffect #BitcoinRally #DollarStrength #GlobalEconomics

Bitcoin's record-breaking rally approaches $90,000, pushing overall crypto market value above pandemic-era peak. BTC hit all-time high of $89,599, up 32% since US election. Current price: $87,063 as of 7:02 a.m. New York time. Trump's pro-crypto stance driving surge: Promises friendlier regulations Plans for strategic Bitcoin stockpile Aims to boost domestic mining Goal: Make US the global crypto capital Sharp contrast to SEC crackdown under Biden administration. Market dynamics: Total crypto market cap reaches $3.1 trillion Bitcoin options traders betting on $100K by year-end CME futures for BTC and ETH hit record open interest MicroStrategy purchased 27,200 BTC ($2B) in early November 2024 performance: Bitcoin up 110% YTD Outperforming global stocks and gold BlackRock's iShares Bitcoin Trust sees record turnover Analysts warn of potential "digestion" period after steep rise Political landscape: Crypto companies heavily invested in pro-industry candidates Trump's crypto support marks significant policy shift Bitcoin joins other "Trump trades" (US stocks, USD) Focus on economic growth, tax cuts, and protectionist policies #Bitcoin #TrumpEffect #CryptoMarkets #BTC

Oil prices fall for third day, with Brent below $72 and WTI above $67. Key factors: Soft demand outlook in China Stronger US dollar post-Trump win Potential market oversupply concerns China's economic measures fall short of direct stimulus, inflation remains weak. Market dynamics: Crude trading in narrow range since mid-October Influenced by Middle East tensions, US election, OPEC+ decisions Global supply expected to outpace demand in 2025 OPEC monthly report due Tuesday, to provide market balance insights Technical indicators: Brent's front-month spread at 17 cents backwardation, down from 44 cents a month ago Most gauges still in backwardation, but spreads narrowing Analyst view (Warren Patterson, ING): "Sentiment largely bearish" USD strength, demand concerns, loosening oil balance pressure prices OPEC+ delay in production increase or effective US sanctions on Iran could change 2025 outlook Upcoming reports: US short-term outlook (Wednesday), IEA view (Thursday) #Oil #WTI #OPEC #CrudeOutlook

Currency traders place new bets on stronger USD post-Trump win, focusing on EUR and CNH. Options data shows increased interest in dollar calls against these currencies. USD/CNH call options outnumber puts 3:2 for $100M+ trades. Drivers for USD strength: Trump's proposed tax cuts Potential tariff increases Expected inflation boost Republican control of government Traders eye yuan as Trump threatens 60% fee on Chinese goods + 10% universal import tariff. Political risks affect EUR: German Chancellor open to early confidence vote Possible February elections ECB's Holzmann hints at potential December rate cut Investors using options to express views on higher USD vs EUR, JPY, and CNH. Currency volatility rising: 6-month USD/CNH implied vol above pre-election levels EUR/USD 6-month implied vol at highest since June Traders target USD/CNH at 7.35-7.40, EUR/USD moving towards parity. European digital options popular with 3-month to 1-year expiries. #Forex #TrumpEffect #DXY #CurrencyOptions

Euro just hit a 6.5-month low against the dollar as fears of U.S. tariffs mount. Investors are spooked by potential moves from President-elect Trump, who might tap trade hawk Robert Lighthizer for his team. The euro is down 0.6%, trading at $1.0657 – the lowest since May. Dollar bulls are charging ahead. German politics also added fuel to the fire. Olaf Scholz paving the way for snap elections means more uncertainty around Germany's fiscal future. Meanwhile, mixed views about the Fed's next move are keeping traders on their toes. ING is bullish, betting that tariffs and easing Fed policy will support the greenback, while others aren't so sure. Bottom line: A clean U.S. election result has strengthened the dollar, but global uncertainty is on the rise. The market's now waiting for clarity on U.S. trade policy and Fed direction. Buckle up, this ride isn't over yet.

European shares poised for gains, following Wall Street's Friday rally. Euro Stoxx 50 futures up 0.5%. Hong Kong's Chinese stock index down 1.7%, CSI 300 recovers to close with slight gains. Bitcoin surges past $81,000, boosted by Trump's pro-crypto stance and supportive lawmakers. Dollar and euro steady, yen slips as BOJ hints at caution on rate hikes. Japan PM Ishiba leads in party vote despite election setback. Fed's Kashkari suggests less easing than expected, citing strong US economy. Key data ahead: AU jobs, CN retail/industrial, US/EU inflation, UK/JP growth. Multiple Fed speakers to provide post-election policy insights.