Firas Askari
Firas Askari
direct driver obviously
That is obviously a direct driver of inflation.
bit declines dollar market people stock
The stock market declines are a little bit scary. People want to take the dollar weaker.
assuming fed looking places reason sell
I'm still looking for places to sell the dollar. We're assuming that the Fed is nearing the end of its tightening cycle. That's a reason to sell dollars.
markets
Obviously, a little more tepid than what markets were expecting.
everybody people short
It's got everybody on their heels. Most people are short the U.S. dollar.
bank buying canadian central continued continues expect seeing strength talking
We are seeing a lot of new buying of the Canadian dollar. The central bank continues to tighten and everyone is talking about the election. We expect continued strength in the Canadian dollar.
buying canadian dollar people profits seeing selling took
We are seeing a little retraction. Some people took profits by selling the Canadian dollar and buying euros.
although dollar levels support
Although the dollar rallied earlier, we still have some support levels that weren't broken.
bank canada contingent
A lot of this is contingent on the Bank of Canada statement.
buy canadian chance dollar represents
Any weakening of the Canadian dollar represents a chance to buy more of the currency.
bid calling dollar fed people result
As a result of this, people are calling for one or two more Fed moves. The dollar is going to be a little bid on this one.
data falling love people
People are falling out of love with the dollar. The U.S. data was on the disappointing side. That doesn't help.
bond calling fed number obviously people result seen stronger
The ISM manufacturing number was really stronger than expected. Obviously we've seen a sell-off in the U.S. bond market. As a result of this, people are calling for one or two more Fed moves.
average earnings report ticking
I don't think this is a bearish report because average hourly earnings are ticking up significantly,