Ashraf Laidi
Ashraf Laidi
bottom half industrial january output prospects slow woods
Industrial output does show we are still in a slowdown, but it does show we may be nearing the bottom of a slowdown. We are still not out of woods yet. January was a slow month, but we could see some brightening of prospects after the first half of this year.
advantage against beginning canadian carry japanese overseas wanting
(The Canadian dollar) has been a big play from overseas players, especially those who are wanting to play it against the Japanese yen to take advantage of the carry trade, which is right now beginning to overturn.
continue curve expect fed further retreat signs stocks yield
We expect the yield curve to invert further as long as US stocks continue to show no signs of a retreat and the Fed is priced to tighten.
further march natural serve trigger
This could further serve as the natural trigger for the March 8-9 move.
concerns currency deficit eliminated markets mean trade
This does not mean that currency markets have completely eliminated all concerns about the trade deficit when assessing the dollar,
money
This is how you make money without venturing abroad.
basically door further hikes interest last opens rate rates shows speech statement totally
The speech is as expected. He opens the door basically for further interest rate hikes. It shows he totally agrees with the last FOMC statement that said short-term interest rates hikes 'may' be needed.
albeit asks attractive dollar face levels players rush selling technical
One asks how can players rush into selling the dollar -- albeit at these attractive technical levels -- in the face of the Fed's bolstering, anti-inflation rhetoric?
became china currency fall rid thai yuan
If China was to completely get rid of its currency peg, and the yuan became completely convertible, it would fall under pressure. It would become another Thai baht.
currency decline faster good relatively signal treasury wants weaker
It's good for the U.S. to see a relatively weaker dollar, but it's not a good idea for the U.S. Treasury to signal it wants a weaker dollar. The decline in the U.S. currency could be faster than they wish.
below billion came due expecting figure mounting oil report
The report came in below the psychologically important $60 billion figure many had been expecting due to mounting oil imports.
difficulty finance good increased number swelling trade
The number is not good for the dollar. There is increased difficulty for the U.S. to finance its swelling trade deficit.
demand exports partners slowing trading
With our trading partners slowing down, they're not going to demand a lot of exports from us.
china coming duck fastest finance forefront growing lame nation president relations secretary time
This story is important because I don't think we are going to have a lame duck secretary at a time when the president of the fastest growing nation in the world is coming here and when the forefront of relations between China and the US is on finance issues.