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The NFPs this past Friday capped off a quick slide for the US Dollar through the past week. Now, the Greenback finds itself stationed at the crossroads of a dense round of support and facing a crisis of confidence in its bullish convictions. With the crucial FOMC rate decision (March 16) another week away, a decisive catalyst cannot be counted on to decide this benchmark’s next move. Bigger picture themes, surrounding event risk and general sentiment will dictate the Dollar’s bearings for the time being. For ‘risk trends’, the sparks are a little more substantial and readily available. China will be a serious contender for global investors’ attention. The National Peoples’ Congress over the coming week will offer a vague compliment to specific catalysts including trade, foreign reserves and financing data. Top event risk ahead is the European Central Bank’s rate decision which has been built up by remarks that suggest the policy authority is heading for another escalation of accommodation. We look at the big technical and fundamental threats ahead.

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