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Waiting for the Fed

March 17, 2021
Overview: The US dollar and Treasury yields firm ahead of the outcome of the FOMC meeting.  The failure of US stocks to hold on to early gains yesterday lends itself to the continued consolidative tone today.  Asia Pacific equity markets were mixed, but a downside bias was evident.  Europe's Dow Jones Stoxx 600 is paring yesterday's gains.…
Waiting for the Fed Waiting for the Fed Reviewed by Marc Chandler on March 17, 2021 Rating: 5
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Equities Firm, but Markets Tread Gingerly

March 16, 2021
Overview:  Yesterday's new record highs in the S&P 500 and Dow Jones Industrial helped set the tone for today's advance in the Asia Pacific region and Europe.  The MSCI Asia Pacific Index snapped a two-day decline, with other major markets rising today.  The Dow Jones Stoxx 600 had edged to new highs as it continues to approach the pre…
Equities Firm, but Markets Tread Gingerly Equities Firm, but Markets Tread Gingerly Reviewed by Marc Chandler on March 16, 2021 Rating: 5
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Big Week Begins Quietly

March 15, 2021
Overview:  The capital markets are beginning a new and busy week in a non-committal fashion.  Equities are mixed.  Except for Japan, Hong Kong, and Australia, most markets in the Asia Pacific region were lower, led Chinese and Indian shares.  Europe's Dow Jones Stoxx 600 ended a four-day advance ahead of the weekend but has come back bid today…
Big Week Begins Quietly Big Week Begins Quietly Reviewed by Marc Chandler on March 15, 2021 Rating: 5
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FX Price Action: Beginning or End of the Punch?

March 14, 2021
The recovery in equities that saw the S&P 500 set new record highs, the US raise $120 bln in coupon sales, and an ECB that promised to "significantly" boost bond purchases immediately fizzled ahead of the weekend.  The US dollar rebounded too after key supports held and interest rate differentials widened further.  Although the price…
FX Price Action: Beginning or End of the Punch? FX Price Action:  Beginning or End of the Punch? Reviewed by Marc Chandler on March 14, 2021 Rating: 5
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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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