Niels From
Niels From
against beginning favor seen september since spread stronger widening
The spread has been widening since the beginning of September in favor of the pound. We have seen a stronger sterling against the euro.
economy economy-and-economics optimistic pound reason
There's not much reason to be optimistic about the U.K. economy for now. As rate-cut speculation increases, the pound will come under more pressure.
china happen hurt selling value
China wouldn't want to hurt the value of the dollar, which is what would happen if they started selling their U.S. assets.
consumer continue prices quite
It's going to take quite a while for the BOJ to be able to act, even if consumer prices rise. The yen will continue to weaken for now.
market
There's a lot of uncertainty in the market before the data.
hugely next
The yen is hugely undervalued and I see it strengthening next year.
discussion dollar ongoing rising united united-states
The whole discussion about rising protectionism, especially in the United States, is a dollar negative. It's an ongoing story.
close flowing half investors massive movements normal position sharp traders year
I wouldn't position for sharp movements -- so close to the New Year investors won't want to take massive positions. My traders say that liquidity flowing is half of a normal market.
afternoon bit data dollar focusing risk upside
I will be focusing on the data this afternoon out of U.S. I think the risk is on the upside and could give the dollar a bit of support.
early expect hike people supporting
People now expect the ECB to hike in the first quarter, or even as early as December. This has been supporting the euro.
data favor fed given hiking housing supporting
The Fed is not done hiking rates, and that should favor the dollar. Given the housing data we're getting today, that's supporting our view.
continue fed hike rates
The Fed will continue to hike rates in the very near-term.
coming data dollar economic environment rate
In this environment, there's still going to be dollar strength. The economic data coming out of the U.S. is still very strong, and there'll still be more rate increases.
advantage against driving gaining pound yield
The yield advantage is the driving story in the pound gaining against the euro.