Richard Franulovich
Richard Franulovich
higher looking lower oil prices
It's not a big surprise. A lot of the things we were looking at such as lower oil prices and higher Boeing deliveries have all conspired to make it a better number.
closely effects hurricane negative oil risk traders trading
We're oil traders now because currencies are trading so closely off oil. All the risk now is that the hurricane does not have all the negative effects for the U.S. economy.
adds argument decent fed neutral number stopping
It's a neutral to a decent number. I don't think this number adds to the argument that the Fed is stopping (rate rises) at 4.5 percent.
concerned fed hikes means measured policy rate remains
The Fed is much more concerned that policy remains accommodative, which means that rate hikes will be measured going forward,
aided australian definite gold strength
There's some definite independent strength in the Australian dollar, aided by gold and commodities.
boost coast data decent exports port provide suggest trade underlying volumes west
The West Coast Port data suggest underlying trade volumes will provide a decent offsetting boost to the U.S. trade picture, with...U.S. exports outperforming in December.
fed pause policy
Some well-known commentators on Fed policy have come out and said that the Fed has finished, the Fed is on pause or the Fed should take a pause,
euro fresh given higher highs punch sharp short
Net-net, given the sharp U.S. upward revisions to payrolls, for the euro to punch higher to fresh highs is nothing short of spectacular,
euro levels lower momentum people picking targeting
More people are targeting lower levels in the euro and momentum is picking up,
data japan softer
The data from Japan was universally softer than expected. It is conspiring to take the yen lower.
dollar performing speaks
It speaks to a U.S. dollar that is performing very well.
appetite dollar foreigners love
Foreigners love U.S. assets, ... just broad-based appetite for dollar assets.
action aussie global lead month number picture price seems
For a number of years now in a big picture sense, price action in Aussie seems to lead global growth. There is something like a 12 - 18 month lag.
basically euro far hikes interest rate square united year
In so far as this is already discounted by the interest rate futures markets, it is also priced into the euro and we're basically back to square one, where we started the year -- two more hikes here (in the United States), and two more in the euro (zone).