The market has been very stretched on high-yielding (currency) positions...what we're seeing is a pullback from those positions. |
The market was looking for a weak number. There was a relief rally when the number came in stronger than expected. |
The momentum is pretty strong -- the market has turned bullish and this is largely due to their inflation fears and on expectations of higher U.S. interest rates, |
The momentum is pretty strong -- the market has turned bullish and this is largely due to their inflation fears and on expectations of higher U.S. interest rates. |
The mood on the dollar is currently negative, the comments are playing into it. The market is short dollar and sentiment is weakening. |
The prospects for the dollar are clearly negative following the speech, especially given the emphasis on the current account. |
The prospects of a strong jobs report at the end of the week will offer some relief to US assets. |
The whole China effect is fading. We are moving back to trading in familiar ranges and the market is realizing it was not a big move. |
There is a recovery story in Asia [while Kosovo] is a way to rationalize what's been happening to the euro, |
There is a recovery story in Asia [while Kosovo] is a way to rationalize what's been happening to the euro. |
Volatilities have also been bid up across the curve and with the yen having breached key technical levels, it now appears to be preparing for an attempt at testing its September 1998 low of 129.03 against the dollar, |
Volatilities have also been bid up across the curve and with the yen having breached key technical levels, it now appears to be preparing for an attempt at testing its September 1998 low of 129.03 against the dollar. |
You will probably start seeing some verbal intervention [by politicians]. But it is in the interest of Europe to have a weaker currency to get greater economic recovery on track. |