Thursday, 8 March 2018

Mar 8, 2018 - Market Update (ECB bit hawkish, tomorrow's US NFPs' earnings bit weaker can push EURUSD above 1.2500; EURUSD weekly - a funny joke 1998-2000; Fed- 5 hikes in 2018?; S&P 500 still a bit rich but reasonably attractive; USD and US deficit correlating as before dot.com bubble; USD decline impacting reserve currency status; Aramco IPO going against OPEC?)

Short recap Asia in green after strong US session yesterday On Trump softer on tariffs – but do not get mislead by risk on mood Europe opening flat to higher ECB today likely to confirm a gradual shift But still not major change in wording Draghi to talk down any hawkish views despite strong EZ economy Fed 4 hikes warranted, eventually 5 in 2018 according...