The vast majority of recent comments by ECB officials showed a true reluctance to intervene. |
There are still some signs of tightness in the labor market. |
There has been some unwinding of the premium attached to the dollar, |
There has been some unwinding of the premium attached to the dollar. There are limits to how far the euro will rally, but the United States has more room to slow than Europe, which could take more wind out of the dollar's sails. |
There is speculation that the BOJ could raise rates as early as July, ... I'm not convinced, however, that this bout of yen strength is going to be maintained that much longer. |
There is speculation that the BOJ could raise rates as early as July. I'm not convinced, however, that this bout of yen strength is going to be maintained that much longer. |
There will be a lot of talk, but not a lot of position taking until the election results are known. |
There will be no change in rates in June, |
There's no reason to think that the latest political developments will correct those imbalances. |
This has resulted in an attractive real rate environment in the United States. |
Trading this week will be overshadowed by the Fed meeting. |
U.S. growth is outstripping expectations. |
Ultimately, we think the yen will weaken again, and Japanese investors will continue to look abroad. |
We expect a softer tone to the data after the weakness in the August employment report, |
We knew we could play with them. We knew that at the beginning of the season but we got killed by them twice this year. Tonight we made them suffer for the press and shut them down at the other end. |