Market Thoughts (2-Apr-2023) - Flying Higher

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Economics Dashboard:
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- Fed continues to push on with interest rate hikes even despite the US regional bank scare with SVB (which seems to have settled), as inflation is still around 6%. Euro area and UK inflation is still very high so should still see hiking from central banks.

Macro Dashboard:
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- US equity markets continue to go for a rip with SP500 and Nasdaq 100 ripping higher this week. DXY dropping even as US10yr yields are rallying, which is surprising as they usually move together. VIX tanking and sub 19. Brent crude oil had a bounce with risk on sentiment. Etheruem moving higher as well but marginally.

FX Dashboard:
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- Most currencies are rallying against the dollar besides yen. USDJPY has been moving with US interest rates mostly because BOJ is still in their holding pattern on their policy change and not moving interest rates.

Crypto Dashboard:
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- Bigger tokens seeing some small increases but not moving in tandem with equity markets. Think the US banking scare had a positive impact on the larger crypto tokens as individuals moved cash away from banks.

Calendar:
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- We have US PMIs and Unemployment rate coming out this week.

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