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Asian equities ease, US dollar steady - MarketPulse


Asian equities ease, US dollar steady
March 17, 2021SharePrint
Asian markets ease, dollar firm as FOMC looms
Asian equities have eased over today’s session as investors reduce exposure ahead of tonight’s FOMC. Not helping sentiment was Blinken comments about Chinese aggression, and that, along with China’s ongoing tech crackdown, has made mainland exchanges today’s underperformers.
The overnight session was nondescript, with the S&P 500 edging 0.16% lower, the Nasdaq rising just 0.90%, and the Dow Jones retreating 0.39%. US index futures have edged lower with their Asian peers this morning.
The Nikkei 225 has 0.17% lower, while Samsung’s warning on semi-conductor shortages has seen the Kospi fall by 1.05%. In mainland China, the Shanghai Composite has fallen 0.50%, with the CSI 200 down 0.25%. Both indexes were sharply lower a short time ago, suggesting that China’s “national team” may be in supporting prices at the moment. ....

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Higher US yields send dollar upwards - MarketPulse


Higher US yields send dollar upwards
March 15, 2021SharePrint
The US dollar continues to play bond market ping-pong
The direct correlation between moves in US bond yields and the US dollar saw the greenback spike higher after a surprise leap in US long-end bond yields on Friday. The dollar index climbed 0.20% to 91.68 on Friday. The index fell this morning after US 10-year futures climbed (yields fell) but has moved back to unchanged as the bond futures moved into negative territory.
The US dollar’s advance versus the major and commodity currencies on Friday has left the majors drifting in the middle of their weekly ranges. The Australian and New Zealand dollars remain just below their multi-month support lines, while the Canadian dollar has moved out of danger, for now, USD/CAD falling to 1.2480 on Friday. Overall, the G-10 group is almost unchanged in moribund Asian trading. ....

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GBP/USD Daily Forecast – Test Of Resistance At 1.3925

GBP/USD Daily Forecast – Test Of Resistance At 1.3925
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The US dollar pushes higher again - MarketPulse


The US dollar pushes higher again
March 9, 2021SharePrint
US dollar gains on US yields, inflation fears
The dollar index pushed higher again overnight, rising 0.37% to 92.31. Rising US yields, structurally short positioning and a myopic fixation on growth-driven inflation continue to lift the greenback, notably versus G-7 and commodity currencies.
Nowhere is that more apparent then EUR/USD, where the single currency has fallen to a 4-month low at 1.1800. With the ECB expected to be dovish this week, in contrast to Federal Reserve Governors’ nonchalance, the downward pressure is expected to continue. EUR/USD will target 1.1600 over the coming week if it breaks materially through 1.1800. ....

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