Steve Barrow
Steve Barrow
Steve Barrowis a British reggae historian, writer and producer...
closest fed official peak perhaps rates suggesting
This is perhaps the closest any Fed official has come to suggesting the peak on rates for now.
against australia comment countries currency dollar offer people supportive weakness
People are clutching at straws if they think that the G20 will offer some kind of supportive comment for the euro. There are other countries at the G20 that are aggrieved at the weakness of their currency against the dollar -- Australia for one.
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.
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.
chance entry euro markets nervous next outlook pricing remote
Markets are nervous about the outlook for euro entry. The market is pricing in the possibility of a remote chance of entry into the euro in the next parliament.
chance entry euro markets nervous next outlook pricing remote
Markets are nervous about the outlook for euro entry, ... The market is pricing in the possibility of a remote chance of entry into the euro in the next parliament.
clear data december divert failed fed following hurricane minutes monetary policy saw weaker
The Fed has been on 'autopilot' with its monetary tightening so that even bouts of weaker data, such as we saw after hurricane Katrina, failed to divert the Fed off course. But now, following the minutes of the December meeting, it is clear that policy will become more data dependent.
argument cuts tax
If there are no tax cuts (planned for the budget) then that may be used an argument to cut rates,
companies cut european excuse hold investors market sell start yields
If European companies start to cut dividend yields this could start to hold the market back. The dividend yield cut story is just another excuse for investors to sell stocks.
consumer demand message raise slow spending view
I don't think the bank's message has really changed. The one view is that if consumer demand doesn't slow down, it will have to raise rates. But the other view is that consumer spending will come down.
bad driven imports largely news oil reflects rise slide strong underlying
However, it is not all bad news as the slide was largely driven by a strong 27.3% rise in imports. While this reflects oil prices, to some extent, underlying imports are rising, which bodes well for the economy.
bank canadian currency face hike meeting next performing rate retail slightly week
The Canadian currency is still performing very well especially in the face of a slightly disappointing retail number. The Bank of Canada's meeting next week will be the focus. A rate hike next week is most likely.
adjust dollar good increases looks people rate
The dollar still looks like a good buy. People are going to need to adjust to more rate increases from the Fed, so that's going to give the dollar a push.