How Will a Volatile Market React to the Fed Decision, US GDP?
While the markets may have recovered ground this past week, investors are far from optimistic. Anxiety pervades and a heavy round of key event risk ahead threatens to easily revive volatility - if not fear.
Technically, the Greenback (USDollar specifically) has advanced for fourth consecutive weeks through Friday’s close.
The ECB did as was widely expected and hinted at possible policy action in March. However, the Euro’s decline amid the prospect of fresh easing was rather mild compared to its broader reaction after the October 2015 meeting. Are markets taking the ECB’s threat of action seriously?
The British Pound finally showed signs of life as it recovered from multi-year lows to finish the week higher versus the Euro and the US Dollar.
The Australian Dollar launched an aggressive recovery last week but a busy docket of high-profile event risk threatens spark volatility and cap upside momentum.
The more that a rubber band is pulled back, the harder the corresponding snap forward will be.
The yuan offshore rate (CNH) gained slightly against the dollar this week as the Chinese central bank continued to slow the pace on devaluation in the yuan.
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