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Date : 25th March 2021. EURUSD in the spotlight. The US Dollar has posted fresh highs in a continued divergence from US Treasury yields, which have remained broadly stable over the last day. Global stock and commodity markets remain in turbulent waters, which has been maintaining a safe haven...

Date : 24th March 2021. Market Update – March 24 – Better PMI data for UK & Eurozone. EURGBP, H1 Preliminary March UK PMI survey data came in much stronger than expected, with the headline composite reading rising to a seven-month high of 56.6, up from 49.6 in February. The median forecast...

Date : 23rd March 2021. US Update – March 23 – New Homes, Richmond Fed, Powell & Yellen Testify. EURUSD, H1 US new home sales plunged -18.2% in February to 775,000, weaker than expected. Sales were up 3.2% to 948,000 in January and 7.2% to 919,000 (was 885,000) in December. The largely...

Date : 18th March 2021. Dollar on Bid | 18 March 2021. The market cheered as Fed Chair Powell assured that there would not be a pre-emptive tightening. Yields pulled back from session highs initially, leaving modest gains on the longer dated issues and pulling short and medium term yields...

Date : 17th March 2021. Yields nudged higher – Cautious ahead of FOMC. Action remains mixed and subdued ahead of today’ s FOMC results. The Treasury yield has lifted 1.2 bp to 1.63% as markets position for the FOMC announcement, which will take centre stage today. Markets are preparing for a...

Date : 16th March 2021. FX Update – March 16 – Sterling the weakest today. GBPUSD, H1 Currencies have mostly been trading with stability amid a benign backdrop of buoyant stock markets and softer yields as markets anticipate dovish guidance from the Fed and tomorrow’s conclusion of the FOMC...

Date : 15th March 2021. Events to Look Out this Week. Welcome to our weekly agenda, our briefing of all the key financial events globally. The week ahead is expected to be a massive one, as three of the major Central Banks – the Fed, BoJ and BoE – will announce their rate decision and hold a...

Date : 12th March 2021. Market Update – March 12 – USD Rallies, JPY Pressured. Market News Today – The USD dips and then finds a bid. Stimulus Bill signed by Biden – targets July 4 as “normalcy”. Stocks closed higher (Nasdaq +2.5%), Weekly Claims close to November low (712k), 30-yr auction...

Date : 11th March 2021. Market Update – March 11 – USD & Yields cool. Market News Today – USD slips – Core inflation missed (0.1%) and 10-yr auction was filled at 1.52%, better than expected. DOW closed at new ATH (+1.46%; 32,297) – Nasdaq flat – Stimulus bill passed – $1400 check to those on...

Date : 10th March 2021. Market Update – March 10 – USD holds ahead of key auction. Market News Today – USD holds its bid, big bounce back from Nasdaq (+3.69%, AAPL +4.06%, TSLA +19.64%, NIO +17.45%), Yields consolidate around 1.55%. Stimulus bill will pass into law later today. Nikkei closed...

Date : 9th March 2021. Market Update – March 9 – Yields & USD lead others follow. Market News Today USD holds its bid, 10-yr Yields rally. Yellen calls the $1.9t stimulus package “very strong” for the US economy. Nasdaq closed down -2.4% (10% below Feb high, a technical correction) but DOW...

Date : 8th March 2021. Market Update – March 8 – Yields Sharply into Focus. Market News Today The $1.9t stimulus package passes Senate with few changes, final ratification could be this week. Strong NFP on Friday boosted Stocks (+1.95%), Yields (1.554%) and USD (91.90) into close. Yield...

Date : 5th March 2021. Market Update – March 5 – Jobs, Jobs, Jobs. What Fed Chair Powell did not say that shook up the markets. Wall Street turned sharply lower following Fed Chair Powell’s remarks, even though it was not what he said but what he did not mention that undermined equity...

Date : 2nd March 2021. Forex Update – March came in like a bull for Wall Street. Market News Today Yields spike (10-yr +9.27% – over 1.52), Equities tank (Nasdaq -3.52%, Nikkei -4%), USD off 3-year lows. Commodity, EM currencies & Sterling cool from highs. Oil holds up (US attack on Iranian...