Greg Gibbs
Greg Gibbs
against australian dollar few happened market moved numbers occasions quite several strong turn
The Australian dollar has moved up against all other currencies quite sharply. The market has been wrong-footed by the Australian dollar, as has happened on several occasions this year. You get a few strong numbers in Australia and the market has to turn around again.
against europe fall hikes large market next prevent quarter rate thinking
Against that, the market has started thinking about rate hikes in Europe in the first quarter of next year. That is going to prevent a large fall in the euro.
calming comments expecting market maybe obviously prepared
Obviously the market was well prepared for a change. Maybe the market is expecting some more calming comments from Fukui.
adequate assets bank central chasing commodity concern curtail economic global growth higher markets overall policy recovering risk strong
Recovering equities and still overall strong commodity markets suggests that there is little broad-based concern that central bank policy tightening will curtail global economic growth and there is still adequate global liquidity chasing higher risk assets and capping risk premiums,
hurricane market trading
The market has been trading on the hurricane news.
basis currently economic hikes market numbers rate strong toward year
The market is currently factoring in rate hikes toward the end of the year of as much as 50 basis points. That's about right, considering the kind of strong economic numbers we have got out of Japan.
against currency euro hike markets middle next pricing rate year
The currency and rate futures markets are pricing in a rate hike by year-end and two by the middle of next year and this is why the euro has strengthened, especially against the yen.
associated australian behavior cyclical global greater growth strong stronger
Strong cyclical equities are often associated with greater global growth confidence, risk-seeking behavior and a stronger Australian dollar.
australian best days dollar feeling past terms
The Australian dollar has underperformed because there is a feeling it's past its best days in terms of a high-yielding currency.
australian both dollar dragged months several zealand
The Australian dollar has been dragged down by the New Zealand dollar. Both currencies may well go through several months of under-performance.
concern economy fed hold plays quite slow
The Fed is probably going to hold to see how the economy plays out. There's even some concern the U.S. economy had already started to slow down before the hurricane. If that's the case, it's quite bearish for the dollar.
dollar grind higher might quiet states united united-states
The U.S. dollar might grind a little higher as the United States comes back from a long weekend. But I think it is going to be a quiet week.
bottom couple days large last move range shift testing
There is some kind of a shift under way, with the large move over the last couple of days testing the bottom of its range for the last year.
currency fallen negative number quite surprised
This number is quite a shock. This is a short-term negative for the currency and I'm surprised it hasn't fallen further.