Steve Barrow
Steve Barrow
Steve Barrowis a British reggae historian, writer and producer...
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.
against australia countries currency dollar weakness
There are other countries at the G20 that are aggrieved at the weakness of their currency against the dollar - Australia for one.
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.
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.
again expect fed focus funds higher levels next per year
The focus next year will again be on the Fed -- we expect Fed funds to go up to 5 per cent, higher than levels priced into the markets.
against dollar euro globally hit markets parity robust seem strengthen time zone
The euro will strengthen against the dollar and should hit parity some time in the summer, ... The euro zone is experiencing robust growth, but globally the markets seem to like the dollar at the moment.
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,
closes knows london soon
Everyone knows that as soon as London closes tonight, the U.S. won't intervene.
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.
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.
tough
We think it is unlikely, but it's a tough call.
company dutch market selling
There is speculation in the market that a Dutch company is selling euros.
economy evidence recovery strong
Do we think it's going to happened? Not in the U.S., so then not in Europe, ... But then there's no evidence that the economy is going to show strong recovery either.
buying data fed inflation opportunity saying speakers vigilant
Fed speakers are saying they are going to be vigilant on inflation and if the data suggests they haven't done enough, they will do more. It's a short-term buying opportunity for the dollar.