With a number of longer-term moving averages signaling reversals in several currencies, fresh record highs in a number of global equity market measures and crude oil prices managing to hold $10 to $12 a barrel above their 2015 lows, global macroeconomic prospects are improving.
Disappointing Performance in First Quarter of US Economy
The quickest and cleanest track to a major top in the Dollar was for US economic numbers to remain strong and for US economic strength to pull the Euro zone into self-propagating growth.
The Outlook for Physical Commodities Might Remain Negative
Without a dose of improved US economic news and a reversal in the Dollar’s uptrend, the outlook for physical commodities might remain negative.
Positive Shift in Demand Prospects
While the latest string of US economic data sparked some concern over growth prospects, there have been a number of bright spots from China and the Euro zone.
Negative Psychology From First Quarter to Remain
While US economic activity appears to have faltered a bit, evidence of recovery in the Euro zone is starting to surface.
Global Economic Condition Remains Suspect
From the recent action in Treasuries, stocks and physical commodities, one could come to the conclusion that the global economic condition remains suspect.
Is the Outlook Toward the US Economy Too Lofty?
This week we have to wonder if the outlook toward the US economy is too lofty for the recent valuation in the Dollar.
Evidence of US Growth Has Pushed the Dollar Up
The US economy has bulldogged its way to growth in February, despite adverse weather, ongoing energy sector layoffs, adverse foreign exchange rate action and periodic talk of rising US interest rates.
Global Economic Outlook for 2015 Should Outdistance 2014!
Economic skies continue to brighten as some of the most troubled areas of the world (the Euro zone and Japan) are beginning to show some improvement and the only major nations that appear to be degrading are Brazil and Russia.
Migration Toward a Global Recovery
Not surprisingly, the Euro zone debt crisis continues to linger, and the situation in the Ukraine remains highly fluid.