Independent Strategy

Macro Category

Special Post: Technicals

19th March, 2019 » IS Technicals 19th March

Dollar remains in a corrective phase overall, but the longer-term bull trend still looks good, meaning an eventual push through 98.00 on DXY.  On the rate side core bonds are in ranges for the moment, reflecting the adjustment central banks have made with regards to monetary policy guidance.

Manufacturing weakness persists, with strong energy output insufficient to offset broader downshift.  Looking at Fed survey orders data we’re not yet at a point to bounce.  So production side likely to remain an overall drag on economic activity over the remainder of the first quarter.

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