Lee Ferridge
Lee Ferridge
data direction durable goods market move quiet
The durable goods data could give us some direction but the market is pretty quiet before the big events. I don't think we'll move much before the Fed.
behind california damage disaster logic move natural reaction reports
It was a knee-jerk reaction after the reports of an earthquake. The logic behind the move is that a natural disaster in California could damage the U.S. economy.
reaction reports
It was a knee-jerk reaction after the reports of an earthquake.
data dollar people reaction sell whether wondering
People are still digesting Friday's data and wondering whether the short-term reaction to sell the dollar was right,
stand strong trend
The trend is very very strong -- you don't want to stand in the way of it at the moment.
economic generally seen tomorrow
We have the FOMC tomorrow and big economic numbers, which are generally seen as upbeat,
account current fresh good news people question stocks worries worry
Without fresh good news on the U.S., the current account worries come back to the fore so people worry about the dollar. With stocks it's a question of how much good news is already priced in.
agreement coalition grand reached remains seen whether work
Yes, they've reached an agreement, but it remains to be seen whether the grand coalition can work and whether it actually delivers the reforms.
chose looks people seen
We've just seen some stop-losses and it looks like people chose the downside.
euro funds including longs pension start
There are players, including hedge funds and pension funds, establishing new longs in the euro at the start of the year.
behind components concerns investors japanese main selling trade
Trade concerns and concerns over repatriation (of yen by Japanese investors selling U.S. treasuries) are the main components behind the yen's rise,
bought election feeling following opportunity people result taking victory
A lot of people bought the yen following Koizumi's victory and now they're feeling the squeeze. The yen has got about as much as it was going to get from the election result and now people are taking the opportunity to sell.
bad market
After all, it wasn't a bad number. It's just that the market had positioned for something even better.
chinese growing huge last move people week worked
There is a growing realization that the Chinese move last week was not as huge as some interpreted it to be. Now people have worked out that it is not that significant a move.