Mitul Kotecha
Mitul Kotecha
attraction currency despite economic funding further leave market ongoing strength vulnerable weakness yield
The market fixation is back on yield again, and the yen's attraction as a funding currency will leave it vulnerable to further weakness despite ongoing strength in economic data.
continue data euro growth hardly help paint picture point releases
Overall, this week's data releases will help to continue to paint a picture of strengthening growth in the euro zone, but will hardly point to any acceleration.
currently door further higher opening rate rates suggest
Overall, he is opening the door to further rate hikes. It could also suggest that rates could go higher than currently priced in.
bounce consumer government growth likely positive provide spending strongly
Overall, a disappointing number, but growth is set to bounce back strongly in the first quarter, with government consumption set to provide a positive contribution and consumer spending also likely to strengthen.
data difficult dollar likely prior releases remain weakness
It is difficult to see the dollar succumbing to another bout of weakness prior to year-end, especially with (US) data releases likely to remain upbeat.
background capital concerns faded markets portfolio strength structural
Structural concerns have faded into the background (during 2005) as markets have been placated by the strength of capital inflows into US portfolio assets.
background capital concerns faded markets portfolio strength structural
Structural concerns ... faded into the background (during 2005) as markets have been placated by the strength of capital inflows into U.S. portfolio assets.
asset fed growth likely markets means prospects tight trading upbeat
It will be interesting to see how upbeat the Fed will be on growth prospects and how U.S. asset markets will react. Pre-Fed trading means we are likely to see tight ranges today.
across against appears attempt bid curve key low preparing september technical testing
Volatilities have also been bid up across the curve and with the yen having breached key technical levels, it now appears to be preparing for an attempt at testing its September 1998 low of 129.03 against the dollar,
appear currency current euro finance levels major ministers warned zone
Euro zone finance ministers have warned consistently about currency volatility, but current levels appear to be no major concern.
china effect familiar market moving realizing trading
The whole China effect is fading. We are moving back to trading in familiar ranges and the market is realizing it was not a big move.
comments currently dollar market mood playing sentiment short
The mood on the dollar is currently negative, the comments are playing into it. The market is short dollar and sentiment is weakening.
bullish due fears higher inflation interest largely market momentum strong turned
The momentum is pretty strong -- the market has turned bullish and this is largely due to their inflation fears and on expectations of higher U.S. interest rates,
change dollar economy impact likely means neither positive prospects release seen turn
Neither release is likely to be seen to change the prospects for the economy going forward, which in turn means the positive impact on the dollar will be short-lived.