Mitul Kotecha
Mitul Kotecha
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.
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.
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.
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,
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.
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.
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.
jobs offer prospects relief report strong week
The prospects of a strong jobs report at the end of the week will offer some relief to US assets.
clearly current dollar emphasis following given negative prospects speech
The prospects for the dollar are clearly negative following the speech, especially given the emphasis on the current account.
currency data positive releases
The data is positive for the euro, being one of the only data releases that the currency reacts to.
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,