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German and Dutch Elections, and FOMC, BOE, and BOJ Meetings

March 13, 2021
The week ahead is one of the most event-packed weeks of the first quarter.  There are elections and central bank meetings in addition to a series of high-frequency data that includes the first look at March surveys (Philadelphia Fed and ZEW).  The central bank meetings (FOMC, BOE, and BOJ) will command the most attention, but the elections come fi…
German and Dutch Elections, and FOMC, BOE, and BOJ Meetings German and Dutch Elections, and FOMC, BOE, and BOJ Meetings Reviewed by Marc Chandler on March 13, 2021 Rating: 5
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The Difference of a Day: Stocks and Bonds Tumbling into the Weekend

March 12, 2021
Overview:  The global capital markets are reversing hard into the weekend.  Yesterday's rally lifted US benchmarks to a record high fizzled even though most Asia Pacific markets (with Hong Kong and India being large notable exceptions) rose.  Europe's Dow Jones Stoxx 600 is ending a four-day advance.  It is off around 0.4% near midday in E…
The Difference of a Day: Stocks and Bonds Tumbling into the Weekend The Difference of a Day: Stocks and Bonds Tumbling into the Weekend Reviewed by Marc Chandler on March 12, 2021 Rating: 5
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Risk Extends Gains Ahead of the ECB

March 11, 2021
Overview: Even though the NASDAQ closed lower yesterday and the reception of the 10-year Treasury auction did not excite, market participants are growing more confident.  Led by China, the major markets in the Asia Pacific region rallied.  The Shanghai Composite's 2.35% gain not only snaps a five-session slide but is the largest rally since la…
Risk Extends Gains Ahead of the ECB Risk Extends Gains Ahead of the ECB Reviewed by Marc Chandler on March 11, 2021 Rating: 5
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Markets are not Yet Convinced that Yesterday's Move Signaled a Trend Change Markets are not Yet Convinced that Yesterday's Move Signaled a Trend Change Reviewed by Marc Chandler on March 10, 2021 Rating: 5
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Turn Around Tuesday Strikes

March 09, 2021
Overview:  It is not clear the trigger, but risk-taking appetites rebounded smartly today after the NASDAQ completed a more than 10% pullback from its highs yesterday.  Ironically, the Dow Jones Industrials set new record highs yesterday too.  Most equity markets in the Asia Pacific region rallied.  The notable exceptions were South Korea and Chin…
Turn Around Tuesday Strikes Turn Around Tuesday Strikes Reviewed by Marc Chandler on March 09, 2021 Rating: 5
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Greenback Trades Higher in Asia before Momentum Stalls in Europe

March 08, 2021
Overview: The attack on Saudi Arabia's largest crude terminal reverberated through the capital markets, where sentiment was already fragile, despite the lack of disruption.   Brent rose to nearly $71.40, and April WTI to almost $68 extended their gains for the fourth consecutive session before being fully unwound.  Most equity markets fell in …
Greenback Trades Higher in Asia before Momentum Stalls in Europe Greenback Trades Higher in Asia before Momentum Stalls in Europe Reviewed by Marc Chandler on March 08, 2021 Rating: 5
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Jobs Data Marked Near-Term Trend Changes in Jan and Feb; What about Now?

March 07, 2021
The US dollar's recovery continued last week, with new highs for the year being recorded against the euro, yen, and Mexican peso.  The key driving force is interest rates and ideas that the US monetary spigot will be turned down before Fed officials acknowledge.  The rise in interest rates and inflation expectations are not just the result of …
Jobs Data Marked Near-Term Trend Changes in Jan and Feb; What about Now? Jobs Data Marked Near-Term Trend Changes in Jan and Feb; What about Now? Reviewed by Marc Chandler on March 07, 2021 Rating: 5
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The ECB: So Much Flexibility and So Little to Do

March 06, 2021
The ECB meeting is the most important calendar event in the week ahead.  It is true that the US reports February CPI figures, but the base effect surge begins with the March reading.  Still, headline inflation will likely be lifted by rising food and energy prices.  The core rate has been flat for the past two months, and a small rise should not b…
The ECB: So Much Flexibility and So Little to Do The ECB: So Much Flexibility and So Little to Do Reviewed by Marc Chandler on March 06, 2021 Rating: 5
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Markets Unsettled, Dollar Rides High

March 05, 2021
Overview: The combination of OPEC+ decision not to boost output next month and Fed Chair Powell's seemingly lack of concern about the level of long-term rates pushed on a door that was already open.  Oil is higher, yields are higher, most equity markets are lower, and the dollar has surged.  The S&P 500 is practically flat for the year aft…
Markets Unsettled, Dollar Rides High Markets Unsettled, Dollar Rides High Reviewed by Marc Chandler on March 05, 2021 Rating: 5
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