Building approvals are running at an annual negative pace, while house prices for the major cities declined. |
I can't imagine it's good for any currency but the Aussie and kiwi dollars bear the brunt of global risk events, |
I can't imagine it's good for any currency but the Aussie and kiwi dollars bear the brunt of global risk events. |
I wouldn't stand in the way of that. |
Overall, the dollar is flat but it has been quite soft in the New York time zone. |
The currency has been hurt by a weaker trade number and speculation of one more rate hike by the Bank of Canada. People are not looking to buy the Canadian dollar right now. |
The dollar is largely consolidating after being pummeled the last day and a half and as the market continues to digest the FOMC statement. |
The initial reaction has been to buy dollars, but we've just come back to where we were half an hour before the statement where the dollar was quite weak. |
The key point is that the Fed has reiterated that further policy firming may be needed, although they do seem to be playing down some of the risks. The overall impact on the dollar is broadly neutral. |
The market is getting all lathered up over the prospects of the Bank of Japan rate tightening. This is without a doubt yen positive. |
The market is getting all lathered-up over the prospects of the Bank of Japan rate tightening. This is without a doubt yen positive. |
The market isn't as confident about what the ECB is going to do, but they're more confident about what the Fed will do. The long euro strategy is built on faith, while the long dollar strategy is built on actual economic fundamentals. |
The outlook for the New Zealand economy points to relative weakness. |
There are some pretty good underlying fundamentals of the U.S. economy. A good Philadelphia Fed number will confirm the U.S. economy is solid and boost the dollar. |
There had been shots fired and were being fired while the 911 call was being placed, ... They knew there was a problem when they called. There was a confrontation, but what that was about is speculation. |