Week Ahead: It's Still Mostly About The War

Marc Chandler17.14K FollowersFollow5ShareSavePlay(17min)CommentsSummaryThe May WTI contract settled near $111.55 last week, which appears to build in the risk of near-term escalation, but the June contract settled close to $98.Before the war began, the two-year yield settled below 3.40% for the first time in several years. It was around 4.03% a month later. After the March jobs report, it finished last week near 3.82%.The euro lost nearly four cents amid the position adjustment to war and anticipated economic shock. It reached a low near $1.14 around the ides of March.China may report lending figures in the coming days, but it can be counted on to publish March consumer and producer prices at the end of the week.The US dollar-Canadian dollar exchange rate is not as sensitive to changes in oil prices as the conventional narrative suggests. vadishzainer/iStock via Getty Images The Middle East war remains the dominant fundamental condition. There continues to be some indication that market participants are hopeful of a resolution soon. The May WTI contract settled near $111.55 last week, which appears to build inThis article was written byMarc Chandler17.14K FollowersFollowMarc Chandler has been covering the global capital markets in one fashion or another for 40 years, working at economic consulting firms and global investment banks. A prolific writer and speaker he appears regularly on CNBC and has spoken for the Foreign Policy Association. In addition to being quoted in the financial press daily, Chandler has been published in the Financial Times, Foreign Affairs, and the Washington Post. In 2009 Chandler was named a Business Visionary by Forbes. Marc's commentary can be found at his blog (www.marctomarket.com) and twitter www.twitter.com/marcmakingsense