Edit

Quarter-End Adjustments Blunt Trend Moves

March 31, 2021
Overview:  The US dollar is paring its recent gains against most major and emerging market currencies today, mainly on the back of month and quarter-end position adjustments.  The euro held the $1.1700 level, while the Japanese yen continues to trade heavily.  Better than expected PMI readings from China appeared to help sentiment.  The JP Morgan …
Quarter-End Adjustments Blunt Trend Moves Quarter-End Adjustments Blunt Trend Moves Reviewed by Marc Chandler on March 31, 2021 Rating: 5
Edit
US Yields Push Higher, Lifting the Greenback Especially Against the Euro and Yen US Yields Push Higher, Lifting the Greenback Especially Against the Euro and Yen Reviewed by Marc Chandler on March 30, 2021 Rating: 5
Edit

Markets Look for Direction after Large Block Trade and Before Key Data

March 29, 2021
Overview:  The large block trade (~$20 bln) before the weekend, apparently from a family office, continued to have ripple effects today, but the MSCI Asia Pacific Index barely noticed.  It extended its pre-weekend rally of 1.3%, and only South Korea and Australia fell among the major markets.  Europe's Dow Jones Stoxx 600 edged to new highs si…
Markets Look for Direction after Large Block Trade and Before Key Data Markets Look for Direction after Large Block Trade and Before Key Data Reviewed by Marc Chandler on March 29, 2021 Rating: 5
Edit

Euro and Dollar Index Targets Met, Now What?

March 28, 2021
The dollar set new highs for the year against the euro, yen, Swiss franc, the Swedish krona, Australian and New Zealand dollars, and Chinese yuan last week.  There was some consolidation ahead of the weekend, but the divergence meme remains intact.  Two developments next week may underscore it:  Biden's initial proposals for the large (~$3 tri…
Euro and Dollar Index Targets Met, Now What? Euro and Dollar Index Targets Met, Now What? Reviewed by Marc Chandler on March 28, 2021 Rating: 5
Edit

What to Look at Next Week

March 27, 2021
The US dollar extended its recent gains even as the yield on the 10-year Treasury pulled back by more than 15 basis points.  The euro, the 7-Up to the dollar's cola, fell to its lowest level since last November and the greenback rose to new highs for the year against most of the major currencies, save sterling and the Canadian dollar.  While r…
What to Look at Next Week What to Look at Next Week Reviewed by Marc Chandler on March 27, 2021 Rating: 5
Powered by Blogger.