Steve Barrow
Steve Barrow
Steve Barrowis a British reggae historian, writer and producer...
early factor fed pauses risk stopped supporting
If the Fed pauses at 4.5 percent, the risk would be the Fed has stopped too early and they would have to restart the tightening process. That would be a big supporting factor for the dollar.
boost currency history shown
History has shown currency intervention is a long drawn-out battle. It will take weeks, if not months, with or without the U.S., to boost the euro. It'll take a miracle.
boost currency history shown
History has shown currency intervention is a long drawn-out battle, ... It will take weeks, if not months, with or without the U.S., to boost the euro. It'll take a miracle.
half inflation neck percentage raise rates
We feel that the ECB should take inflation by the scruff of the neck and raise rates by a half percentage point,
change convinced cut expect market
We don't expect a cut and we're not even convinced there will be a change in the Fed's bias. If the market is factoring in a cut, then it may come a cropper as a result.
against believe cents danish euro joining referendum slide
We believe the euro could slide to 85 cents and things could get a lot worse, with the Danish referendum going against joining the euro.
care data hardly market meeting tomorrow
With the FOMC meeting tomorrow the market is hardly going to care too much for the US data today.
believe definitely market next push time year
Will the market push on for $1.05 this year and $1.10 by this time next year? We definitely believe that it will be the latter.
belief euro fall firm hold level likely
We still hold firm to the belief that the euro will fall to 80 cents. At that level the ECB is most likely to intervene.
belief euro fall firm hold level likely
We still hold firm to the belief that the euro will fall to 80 cents, ... At that level the ECB is most likely to intervene.
economy happens higher hike inflation meeting moving next pushed rate underlying weeks
We'd like to see it at the next meeting on Nov. 30. Underlying inflation is moving higher and Europe's economy is still strong. We will have to see what happens in the next two weeks ? it may be the next rate hike is pushed into next year.
dashed fed likely process support thoughts
Any thoughts that the Fed may end the tightening process are likely to be dashed and that will probably support the dollar.
head inflation lower target
Inflation in the short-term could head lower than 1.5 percent, that would be at the lower end of the government's target range,
argument cuts tax
If there are no tax cuts (planned for the budget) then that may be used an argument to cut rates,