Forex news from the European trading session – 15 March 2021
Headlines:
– NZD leads, AUD lags on the day
– European equities higher; E-minis up 0.3%
– US 10-year yields flat at 1.625%

Dow futures point to yet another gain after five record closes in a row last week for the cash index
After the early scare from the selloff in China, Europe has took to things more calmly and there hasn’t been much notable movement that aside. The dollar is steadier, trimming some of its earlier gains while

Bitcoin falls further below $55,000 after pushing to a record high near $62,000 over the weekend
As always with most major milestones that Bitcoin tends to hit, the volatility swings that follow can be pretty brutal and we are already seeing a plunge from $60,000 to levels just under $55,000 today as price falls by more

Equities keep modestly higher on the day so far
European stocks have looked to have completely shrugged off the rout in China, as major indices are posting modest gains to start the session. Meanwhile, US futures have also turned losses into slight gains now as the earlier jitters in Asia abate:

AFP reports
This isn’t so much so a major surprise if you follow the closely. Even though COVID-19 patients requiring intensive care have fallen in recent weeks, that still hasn’t done much to ease the overall burden on intensive care units in general.

Five things to look for when there’s nothing to see
Headlines, financial TV and traders all love to focus on
fast-moving markets but if you know how to spot a crouching tiger, you’ll be the first to hear the roar.

Forex news for North American trade on March 12, 2021:
Markets:
– Gold flat at $1721
– S&P 500 flat at 3940
– US 10-year yields up 9 bps to 1.63%
– WTI crude down 42-cents to $65.61
The rise in Treasury yields had markets off balance coming into the day but this time was indeed different. A strong consumer sentiment

Nasdaq lags once again. Russell 2000 also closes at a record
The Dow and the S&P closed at another record high.  
The final numbers are showing:

Weekly 4X futures positioning data for the CFTC for the week ending Tuesday, March 9, 2021
Highlights:

Impressive milestone
History has shown many times that when the American war machine gets going it’s unstoppable.
Biden moved up the goal to full availability at May 1 this weekend. It looks like they could do it even faster. The good news is that the entire world is likely on a quicker curve as well.