If Greenspan signals more of a turning point in the U.S. rate cycle, that could be positive for the dollar, but we don't expect that in the near term. |
The euro was well supported after IFO. We believe it can go up higher but prefer to buy it on dips. I expect euro/dollar to test the next resistance of $1.2323 today. |
The market was impressed by the ISM but how long will it last is the question, ... A lot of Japanese exporters were happy to see levels they did not expect so they could sell their dollars. |
The market was impressed by the ISM but how long will it last is the question. A lot of Japanese exporters were happy to see levels they did not expect so they could sell their dollars. |
We don't have a sense of panic in the market yet. |
We have to wait and see how this storm develops, ... We don't have a sense of panic in the market yet. |
We have to wait and see how this storm develops, going into Texas, |
We have to wait and see how this storm develops, going into Texas. We don't have a sense of panic in the market yet. |
We set a new high [in euro/dollar] on Friday and the market is a bit exhausted and overdone, |
We set a new high [in euro/dollar] on Friday and the market is a bit exhausted and overdone. |