Steve Barrow
Steve Barrow
Steve Barrowis a British reggae historian, writer and producer...
company dutch market selling
There is speculation in the market that a Dutch company is selling euros.
action economy fighting looking losing otherwise plans putting reform talk tax together
This talk of tax reform will come and go. But we need the economy looking brighter, otherwise putting action plans together is just fighting a losing battle.
basis fifty markets points
Fifty basis points is most likely; that's factored into the markets already.
bit brought comments happens hopeful perhaps pushing slightly trade
Dollar/yen is slightly higher, perhaps as a consequence of that, with some of the comments sounding a little bit more hopeful in the sense of them not pushing on the anti-China trade legislation that they've brought to Congress. But we'll have to see what happens when they get back (to the U.S.).
again banks central comments crucial intervene larry looking prop summers tone towards treasury
Everyone is looking towards (U.S. Treasury Secretary) Larry Summers from the U.S. to tone down his comments on the dollar. His comments at the G20 are crucial if central banks are to intervene again to prop up the euro.
closes knows london soon
Everyone knows that as soon as London closes tonight, the U.S. won't intervene.
earlier economy far fed general good help indicator key number seen selling strength
We've seen some selling earlier this week, but a good number will show the general strength of the U.S. economy and help the dollar. Payrolls will be the key indicator as far as the Fed is concerned.
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,
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.
bank central euro european help interest raises
There may be some help for the euro if the European Central Bank raises interest rates,
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.
decide heading money problem targets
This is a problem of their own making, ... having two targets for money supply, which is heading higher, and inflation, which is on the way down. The ECB has to decide on one target.