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The Dollar's Technical Condition at the Start of Q2

March 31, 2019
The US dollar rose against most of the major currencies in the last week of March.  The stronger than expected January GDP (0.3%) helped lift the Canadian dollar (~0.6%), which was the notable exception.  The Australian dollar's rise ahead of the weekend and the end of Q4 allowed it to secure a small gain for the week (~0.2%). 
The risk that th…
The Dollar's Technical Condition at the Start of Q2 The Dollar's Technical Condition at the Start of Q2 Reviewed by Marc Chandler on March 31, 2019 Rating: 5
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The Green Shoots of Spring

March 30, 2019
Investors have worked themselves into a lather. Equities crashed in Q4 last year amid on corporate earnings and concerns about growth. The Fed’s tightening decision in December was made unanimously.  The above-trend growth, the preferred inflation measure was near target, unemployment was the lowest in a generation and real rates were historically…
The Green Shoots of Spring The Green Shoots of Spring Reviewed by Marc Chandler on March 30, 2019 Rating: 5
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Equities Bounce While Bonds Pullback to End Q1

March 29, 2019
Overview:  The global growth scare may be subsiding.  It had been fanned by the ECB and Fed statements and projections.  Poor US jobs growth reported in early March and the poor flash EMU PMI late in the month contributed.  The slowdown in China and the flurry of measures to combat it also had a role.  The economic soft patch, late in the business…
Equities Bounce While Bonds Pullback to End Q1 Equities Bounce While Bonds Pullback to End Q1 Reviewed by Marc Chandler on March 29, 2019 Rating: 5
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Brexit Uncertainty Deepens as Parliament is Divided, while Turkey's Short Squeeze Falters Brexit Uncertainty Deepens as Parliament is Divided, while Turkey's Short Squeeze Falters Reviewed by Marc Chandler on March 28, 2019 Rating: 5
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Global Bond Rally Continues, Greenback Remains Firm

March 27, 2019
Overview: The US 10-year yield is trading below the Fed funds target.  The two-year yield is trading below the lower end of the Fed funds target range.  A warning by New Zealand that the next rate move could be a cut sent New Zealand and Australian yields to new record lows.  In Japan, the 10-year yield slipped below the overnight unsecured call r…
Global Bond Rally Continues, Greenback Remains Firm Global Bond Rally Continues, Greenback Remains Firm Reviewed by Marc Chandler on March 27, 2019 Rating: 5
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Cool Video: Bloomberg--Sterling and the Euro

March 26, 2019
I joined Shey Ann and Amanda Lang on the Bloomberg set to talk about sterling and the euro.The media makes it sound like there was a coup in the UK and Parliament has taken control of Brexit.  This is an exaggeration. The House of Commons did secure tomorrow to have "indicative votes" on the different alternatives.  These votes are not b…
Cool Video: Bloomberg--Sterling and the Euro Cool Video: Bloomberg--Sterling and the Euro Reviewed by Marc Chandler on March 26, 2019 Rating: 5
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Semblance of Stability Re-Emerging

March 26, 2019
Overview:  The sell-off in equities seemed to peak yesterday, and US indices were narrowly mixed. Traders found comfort in that performance, even though the S&P 500 finished a little below 2800, and took the markets in the Asia-Pacific region higher, except in China, where the Shanghai Composite fell 1.5%.  Chinese shares saw the most foreign …
Semblance of Stability Re-Emerging Semblance of Stability Re-Emerging Reviewed by Marc Chandler on March 26, 2019 Rating: 5
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Europe and China

March 25, 2019
The US-China trade talks look like they may very well continue through most of the second quarter, despite how much progress is being claimed.  Meanwhile, the tariffs remain in effect, but the market's sensitivity to developments has slackened since it was clear the Trump and Xi were not going to meet at the end of this month.  
Europe's r…
Europe and China Europe and China Reviewed by Marc Chandler on March 25, 2019 Rating: 5
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Monday Blues: Equities Pare Quarterly Gains

March 25, 2019
Overview:  Global equities have soured after the US shares dropped the most since very early in the year before the weekend.  Asia's sell-off was led by the 3% decline in Nikkei, while Malaysia fared among the best, surrendering 1%.  Europe's Dow Jones Stoxx 600 is off for a fourth session. It lost 1.2% at the end of last week and gapped l…
Monday Blues: Equities Pare Quarterly Gains Monday Blues: Equities Pare Quarterly Gains Reviewed by Marc Chandler on March 25, 2019 Rating: 5
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