22 ordspråk av Kathy Lien
Kathy Lien
At this point, the market is likely to consolidate and look to next week's trade balance and retail sales data to determine the direction of the pair for the near term.
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Despite the weak GDP report, fed funds expectations for a March rate hike actually ticked higher to about 76 percent because of the rise in the core PCE price index.
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Dollar bulls have full control and are taking the data in stride.
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Euro/dollar longs and shorts are practically one-to-one right now, which indicates how indecisive the market is,
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Euro/dollar longs and shorts are practically one-to-one right now, which indicates how indecisive the market is.
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Given the relative weakness of the (jobs) data, the dollar bullishness that we are seeing at the moment should be limited.
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Going into the Jan. 31 FOMC (Federal Open Market Committee) meeting, a lot of people believe that with oil prices picking up, the Fed may be more neutral in their comments.
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In our opinion, the market should be thankful that we avoided a possible surge in volatility which could have happened if President Bush picked a more unknown candidate.
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It's extremely bad and this is bearish for the U.S. dollar, ... This will definitely shift expectations more for a 4 percent Fed funds rate as the last hike we'll see as opposed to 4.25 percent.
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It's extremely bad and this is bearish for the U.S. dollar. This will definitely shift expectations more for a 4 percent Fed funds rate as the last hike we'll see as opposed to 4.25 percent.
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It's more the flushing out of dollar shorts.
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Overall, the headline figures are solid. January inventory figures are still on the path for solid growth in the first quarter.
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The dollar is rallying as foreigners snapped up a larger-than-expected amount of U.S. assets.
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The focus will be back on trade.
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Those comments, along with other factors, pushed the dollar lower.
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