Concern about the world economy is still the spotlight, continued fight of deflation and lower oil prices, China economy hard landing hitting the front page, volatile Middle East wars and the never ending tension between Ukraine and Russia seems to sum up a fair amount of uncertainty and volatility.
A healthy correction on the dollar is underway while we reckon this is only temporary at best. There were various discussions about the strong dollar which affect the equity market. Any plans for a rate hike look set to delay until June or September period. Further evidence of better than expected economic data will drive the need to raise interest rates.