Michael Woolfolk
Michael Woolfolk
added buy dollar dollars gasoline market order report
This was a report that was made to order for dollar bulls. The market was predisposed to buy dollars and the report added gasoline to the fire.
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This morning's announcement by the Bank of Japan to end quantitative easing is being viewed as an indication that the Japanese economy is returning to health, but appears insufficient to prompt any consistent yen buying as of yet.
asian bank buying dependent states united united-states
The United States is very dependent on Asian bank buying and petrodollars.
buy economic investors less low positive rates risks willing
There's a very positive economic story of investors being more willing to take risks and buy equities and less willing to take low rates on bonds.
buyers curve domestic foreign investors reason recession time yield
The reason why an inverted yield curve need not foreshadow recession this time is that it is foreign investors and not domestic investors who are increasingly buyers of U.S. bonds.
buy canadian economic happy investors market number shows strength willing
The market is happy with the number as it shows strength in Canada's economic growth. Investors are willing to buy the Canadian dollar.
account bush capable current cutting decline deficit destined unless
Unless the Bush administration is capable of cutting the current account deficit in half, the dollar's decline is destined to continue.
believe curve people recession signal wrong yield
The people who believe that the inversion of the yield curve is a signal of recession have it wrong this time.
dollar order report
This was a report that was made to order for dollar bulls.
change consistent data fed
Our Fed watchers say there's a consistent story that the Fed is one and done. Today's data doesn't change this story.
caught data heavy market players week wrong
Market players don't want to be caught the wrong way here going into a very heavy data week in the U.S..
asian bonds conscious demand dollar greatest market policy remains soon threat time unlikely whereas
Whereas Asian demand for US bonds is unlikely to end any time soon as a conscious policy decision, the reversal of petrodollars from the US bond market remains the greatest threat to the dollar in 2006.
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The Bank of Japan is not going to be changing its monetary policy before the fiscal year end on March 31. As corporations close down their books, they don't want any pronounced movements in the dollar-yen rate.
ability deficit given indication market rally strong strongly trade
The US dollar's ability to rally strongly off a better-than-expected trade deficit is a strong indication that the market hasn't yet given up on the dollar.