Niels Christensen
Niels Christensen
Niels Anton Christensenwas a Danish-American inventor whose principal invention was the O-ring, the ubiquitous hydraulic seal...
current dollar environment fight hang investors short
A lot of investors want to hang on to short dollar positions. In the current environment, you don't want to fight the trend.
boost building consensus economy good means move news quickly
There's a consensus building that the BOJ isn't going to move quickly and that means the good news for the economy isn't enough to boost the yen further.
certainly few flows fresh major news parts
There may be a few flows from some parts of Europe, but there are no major flows, and there's certainly no fresh news to trade, and there's been no surprises.
bottom convinced door hike line market open rate
The bottom line is that the door is more open for a rate hike and the market is convinced we will have another rate hike.
build concerned exchange foreign japanese markets movements moves officials rapid statements stronger
Japanese officials make statements like that when we see very rapid movements in the foreign exchange markets because they are concerned such moves can build into stronger trends.
people positive rates report rise saying
People are saying the report suggests that rates won't rise rapidly, and that's not positive for the yen.
beginning chance economic hike outlook people price rate recovery
People are reassessing the U.S. economic outlook because they had thought the recovery was jobless. People are beginning to price in the chance of a rate hike by August.
bit dollar economy-and-economics european market people positive selling tired view
People already have a more positive view of the European economy, so they are not that fussed. The market is a bit tired after all the dollar selling this week.
boost brought comments half overnight
It got a boost from comments from Poole overnight so that brought euro/dollar down by half a big figure.
limited people positions positive seeing suddenly
It is more a squaring of positions than suddenly people seeing anything positive about the dollar. Intervention has a limited and short-lived impact. It has not started an uptrend in dollar/yen.
aversion happen investors market nervous rising risk
Risk aversion is rising in the market and investors are nervous about what will happen when U.S. equities open.
affecting dollar fears higher japanese oil stocks
Higher oil prices, and fears over Japanese stocks are affecting the dollar more than any other currency.
chances continue higher holding increases interest investors japanese less prospects rates rise
Higher interest rates make it much more comfortable for Japanese investors to be holding dollars. The chances of rate increases in the U.S. continue to rise while in Japan the prospects are much less certain.
confirmed current hikes minutes pricing rate
The minutes confirmed the current pricing of rate hikes in the market.