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Thoughts about the ECB and Euro

March 05, 2019
Mario Draghi's term at the helm of the ECB is winding down.  He will step down in October.  It has not been an easy job.  The light at the end of the tunnel in 2017 turned out to be another train in 2018.  The eurozone enjoyed 0.7% quarterly growth every quarter in 2017.  The ECB was able to outline an exit from its asset purchases.  The debat…
Thoughts about the ECB and Euro Thoughts about the ECB and Euro Reviewed by Marc Chandler on March 05, 2019 Rating: 5
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Dollar Remains Firms as China Cuts Growth Target and Taxes, while EMU PMI Surprises on Upside Dollar Remains Firms as China Cuts Growth Target and Taxes, while EMU PMI Surprises on Upside Reviewed by Marc Chandler on March 05, 2019 Rating: 5
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March Monthly

March 04, 2019
The dollar rose against most of the major and volatile emerging markets currencies, like the South African rand, Turkish lira, and the Brazilian real in February.  The gains were mostly by default as concerns about the strength of the US economy continued to linger.  The weakness abroad, especially in Europe, seemed more profound.  Trade tensions …
March Monthly March Monthly Reviewed by Marc Chandler on March 04, 2019 Rating: 5
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Markets Shrug-Off Trump's Attempt to Talk the Dollar Down

March 04, 2019
Overview:  Comments by US President Trump over the weekend, complaining about the dollar's strength weighed on the greenback initially in Asia, but it quickly recovered.  Reports of progress on a US-China trade deal helped lift the Shanghai Composite above the 3000-level for the first time since the middle of last year. Asian equities mostly r…
Markets Shrug-Off Trump's Attempt to Talk the Dollar Down Markets Shrug-Off Trump's Attempt to Talk the Dollar Down Reviewed by Marc Chandler on March 04, 2019 Rating: 5
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A Look at the Charts

March 03, 2019
The US dollar was mixed against the major currencies last week.  The dollar-bloc currencies and the Japanese yen fell,  while the other major currencies rose, led by sterling (1.1%) on ideas that the risk of a no-deal Brexit was diminished, and the Swedish krona (0.9%) that was bolstered by 1.2% growth in Q4, quarter-over-quarter (around twice wha…
A Look at the Charts A Look at the Charts Reviewed by Marc Chandler on March 03, 2019 Rating: 5
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Dovish Hold by the ECB and Uptick in US Wages will Underscore Divergence

March 02, 2019
The important events take place in the second half of the week ahead: the ECB meeting and the US employment report.  A dovish hold by the ECB is the most likely outcome.  US jobs growth is bound to slow from the heady 304k gain in January, but there won't be anything in it that lends credence to ideas that the world's largest economy is on…
Dovish Hold by the ECB and Uptick in US Wages will Underscore Divergence Dovish Hold by the ECB and Uptick in US Wages will Underscore Divergence Reviewed by Marc Chandler on March 02, 2019 Rating: 5
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Could the Worst be Behind China and Germany? Or Hope Springs Eternal

March 01, 2019
Overview:  News that MSCI plans to substantially boost China's equity weighting in its indices and a better than expected Caixin manufacturing PMI and some easing of India-Pakistan tensions helped bolster the risk-taking appetite going into the weekend.  This lifting equity and weighing on bonds.  China's CSI 300 rose 2.2% for a 6.5% weekl…
Could the Worst be Behind China and Germany? Or Hope Springs Eternal Could the Worst be Behind China and Germany? Or Hope Springs Eternal Reviewed by Marc Chandler on March 01, 2019 Rating: 5
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