Paul Mackel
Paul Mackel
against dollar expects fed further greater higher highlight inflation market push risk room towards
The market expects the Fed to be hawkish towards inflation. If they highlight there is a greater inflation risk further out, then there is room for the dollar to push higher against the euro.
confidence europe france key levels pushing riots seeing technical
The riots in France will have impacted confidence over Europe and we're also seeing key technical levels being broken, pushing the euro lower.
market release reminded structural trade weakness
The trade release has reminded the market of the structural weakness of the dollar.
confidence consumer data factor germany investors risk robust run supporting willing
The U.S. consumer confidence data was very, very robust and the data from Germany was a factor in supporting the euro, but a lot of investors are not willing to run any risk at the moment.
adjust ahead comments data fed gun last led meeting next people positions
A lot of people jumped the gun last week, and the comments and data we have had have led people to adjust positions ahead of the Fed meeting next week.
aggressive bit concern given impact katrina people storm tropical watching
There's concern about this Tropical Storm Rita. People are watching that a little bit more closely, given Katrina and its impact on the market. There's some unwillingness right now to take aggressive positions,
abroad bonds buy concerned continue continuing decline investors japan japanese pace people push scope
Japan is signaling that they're not concerned about the pace of the decline in the yen, so people are going to continue to push the yen lower. Japanese investors are continuing to buy bonds abroad and we see more scope for yen weakness.
bonds buy continuing investors japanese scope
Japanese investors are continuing to buy bonds abroad, and we see more scope for yen weakness.
bit dollar due largely seem
The dollar rallied a bit in Asia, which was largely due to Rita, but there doesn't seem to be much follow-up,
data dollar reaction shown
The dollar has shown a very disappointing reaction to U.S. data this week.
affairs amount certain european interested investors market question
The market has become interested in European affairs and there is probably a certain amount of investors out there who question the long-term feasibility of the EU.