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Big Week Begins Quietly, with the Greenback Still Under Pressure

April 26, 2021
Overview: What promises to be a notable week has begun off quietly: the US, EMU, and South Korea report Q1 GDP.   The eurozone also provides its first estimate of April inflation.  Corporate earnings feature tech and financial firms.  Equities are mostly firmer in the Asia Pacific region and Europe.  Hong Kong, China, and Australia were exceptions…
Big Week Begins Quietly, with the Greenback Still Under Pressure Big Week Begins Quietly, with the Greenback Still Under Pressure Reviewed by Marc Chandler on April 26, 2021 Rating: 5
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The Dollar is Heavy ahead of What is Expected to be a Dovish Fed

April 25, 2021
The US dollar had another rough week, and the poor close ahead of the weekend warns that the downside may not be exhausted.  Despite unmistakable signs that the US economy is accelerating, and by more than expected, the US 10-year yield is around 25 bp off the end of March high.  This seems to dampen the enthusiasm for holding the greenback.  The …
The Dollar is Heavy ahead of What is Expected to be a Dovish Fed The Dollar is Heavy ahead of What is Expected to be a Dovish Fed Reviewed by Marc Chandler on April 25, 2021 Rating: 5
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Next Week's Alphabet Soup: FOMC, BOJ, GDP, CPI

April 24, 2021
The week ahead is important from a macro perspective.  The Bank of Japan and the Federal Reserve meet.  The US and the eurozone provide the first estimates of Q1 21 GDP, and the preliminary April EMU CPI will be reported.  The data will be interesting even if not market moving.  The divergence meme that helped the US dollar trade broadly higher in…
Next Week's Alphabet Soup: FOMC, BOJ, GDP, CPI Next Week's Alphabet Soup: FOMC, BOJ, GDP, CPI Reviewed by Marc Chandler on April 24, 2021 Rating: 5
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Greenback Slips into the Weekend

April 23, 2021
Overview:  Many narratives link the prospect of higher capital gains tax on about a third of 1% of Americans as the catalyst for losses in US equities yesterday (and Bitcoin) and weakness in some global shares today.  Of the large markets in the Asia Pacific region, only Japan, which is reimposing a formal emergency in Tokyo, Osaka, and two other …
Greenback Slips into the Weekend Greenback Slips into the Weekend Reviewed by Marc Chandler on April 23, 2021 Rating: 5
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ECB in Focus, while Australia Pokes the Panda

April 22, 2021
Overview:  The capital markets are mostly quiet ahead of the ECB meeting, today's highlight.  The rise in US equities yesterday is helping lift equities today.  The MSCI Asia Pacific Index snapped a two-day fall, and Europe's Dow Jones Stoxx 600 is rising for the second session.  US shares are little changed.  The bond market is subdued as…
ECB in Focus, while Australia Pokes the Panda ECB in Focus, while Australia Pokes the Panda Reviewed by Marc Chandler on April 22, 2021 Rating: 5
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