Andrew Chaveriat
Andrew Chaveriat
basis fed
The Fed still has a tightening bias. It could go up by 50 basis points.
euro fed move push
A half-point move by the Fed would push the euro down to new lows.
confidence dollar investor market produces stock
If investor confidence produces a stock market rally, the dollar could get a boost.
bottoms concern created due fiscal goldfish highways looks massive monetary nowhere option policy projects public works
They really have not eased monetary policy, and fiscal policy looks to be an unattractive option due to concern over the deficit. Massive public works projects have created highways to nowhere and the cementing over of the bottoms of goldfish ponds.
japan
The only way out for Japan is to see the yen weaken.
content players rally sell short stay
Long-term players are content to stay short the euro, and will sell into any rally attempts.
cut judging market percent rate
Judging by market rates, there is a 70 percent probability of a rate cut by March.
cents critical euro later parity trying
The euro is at a critical stage. It is trying to get back to 97 cents and then parity later this summer.
although cut discount rate sounds
The discount rate cut is really meaningless, although it sounds good.