Continuum Economics
  • Search
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
  • Calendar
  • Forecasts
  • Events
  • Data
  • Newsletters
  • My Alerts
  • Community
  • Directory
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
    • All
    • Thematic
    • Tactical
    • Asia
    • EMEA
    • Americas
    • Newsletters
    • Freemium
    • Editor's Choice
    • Most Viewed
    • Most Shared
    • Most Liked
  • Calendar
    • Interactive
      • China
      • United States
      • Eurozone
      • United Kingdom
    • Month Ahead
    • Reviews
    • Previews
  • Forecasts
    • Forecasts
    • Key Views
  • Events
    • Media
    • Conference Calls
  • Data
    • Country Insights
    • Shadow Credit Ratings
    • Full CI Data Download
  • Newsletters
  • My Alerts
  • Community
    • FX
    • Fixed Income
    • Macro Strategy
    • Credit Markets
    • Equities
    • Commodities
    • Precious Metals
    • Renewables
  • Directory
  • My Account
  • Notifications Setup
  • Account Details
  • Recent Devices
  • Distribution Lists
  • Shared Free Trials
  • Saved Articles
  • Shared Alerts
  • My Posts
Published: 2024-03-05T11:28:22.000Z

Psychology for major markets Mar 5

byAdrian Schmidt

Senior FX Strategist
-

Still mostly rangebound. Powell testimony, ECB and employmnt report may move markets this week

EUR/USD – EUR/USD still holding the 1.08 -1.09 range, having survived a test of the bottom end. Hard to see a near term break, but focus on Powell on Wednesday, the ECB on Thursday and the US employment report Friday, all of which could trigger a significant move.

USD/JPY – USD/JPY still holding above 150 despite yield spreads moving in the JPY’s favour. Low vol and resilient equities helping to support sentiment, but Powell testimony Wednesday has potential to trigger a move.

EUR/GBP- GBP still stuck close to 0.8550. Mild upside bias seen given greater risks of a downward repricing of UK rate outlook. UK Budget likely to be neutral for monetary policy.

AUD/USD – AUD hovering around 0.65 with sentiment still dependent on global equity sentiment, but 0.6450-0.6550 range likely to hold near term.

EUR/CHF – CHF continuing to weaken with EUR/CHF reaching its highest since early January. More upside still possible as SNB remain one of the more dovish central banks.

Equities – US markets remaining close to all time highs helped by strong corporate earnings, but may be vulnerable to any further decline in easing expectations. Focus on Powell testimony and employment report.

Continue to read the article for free
Login

or

or

Topics
Foreign Exchange
Psycho
FX & Money Markets Now!
FX & Money Markets Now! (Asia)
FX & Money Markets Now! (Europe)
FX & Money Markets Now! (North America)

GENERAL

  • Home
  • About Us
  • Our Team
  • Careers

LEGAL

  • Terms and Conditions
  • Privacy Policy
  • Compliance
  • GDPR

GET IN TOUCH

  • Contact Us
Continuum Economics
The Technical Analyst Awards Winner 2021
The Technical Analyst Awards Finalist 2020
image