Ian Stannard
Ian Stannard
Ian Stannardis an English track and road racing cyclist for UCI ProTour team Team Sky...
behind dollar driving financial flows force hence main market months portfolio summer support
Portfolio flows had been the main driving force behind dollar strength. During the summer months we see a slowdown in financial market activity, and this reduces the flows into the U.S. and hence reduces support for the dollar.
behind dollar driving financial flows force hence main market months portfolio summer support
Portfolio flows had been the main driving force behind dollar strength, ... During the summer months we see a slowdown in financial market activity, and this reduces the flows into the U.S. and hence reduces support for the dollar.
coming factors few holding namely renewed supportive ultimately
Ultimately we will see sterling coming under renewed pressure. There are few supportive factors which are just holding it in place at the moment, namely M&A activity.
dollar gain minutes rather similar stay supported tone
If the minutes are in a similar tone to that of the FOMC statement, then the dollar should stay supported rather than gain significantly.
dollar further hikes looking market rate supported
The market is now looking for some further rate hikes in the U.S. and that is going to keep the dollar supported in the near-term.
backdrop comments dollar focus foreign issue negative reserves term
The backdrop for the dollar is negative. G-7 comments were negative while the foreign reserves issue has come back into focus and is going to be a long term negative factor.
comments economy european growth helped improving inflation raised rate requires thinks
They've raised their inflation and growth forecasts, which suggests that the ECB thinks the European economy is improving and requires more rate hikes. These comments have helped the euro.
biggest dollar factor gold negative oil pressure prices putting rise sentiment turning
The sentiment is turning dollar negative -- probably the biggest factor putting the dollar under pressure is the rise in oil prices and rise in gold prices.
fed hold near raising rates reasonably
The Fed will be pausing after raising rates in May. Sterling is going to hold up reasonably well in the near term.
impact katrina message officials
The message from officials is that the impact from Katrina will be limited.
adjustment believe dollar event further minutes peak putting rates seen suggesting
The minutes are a very important event today, with any adjustment suggesting that the peak in rates is close, as we believe it is, seen putting the dollar under further pressure.
both dollar negative potential provide
Both have the potential to provide dollar with negative surprises.
carry central drained driver excess global next year
We think next year will be a very different story as excess global liquidity, the driver for carry trades, is drained by central banks.
adds allow asian banks central impression interest prepared raise strength ultimately
This adds to the impression that Asian central banks are going to be prepared to raise interest rates, and ultimately allow more strength in their currencies.