Steve Barrow
Steve Barrow
Steve Barrowis a British reggae historian, writer and producer...
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.
bank central euro european help interest raises
There may be some help for the euro if the European Central Bank raises interest rates,
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.
cautious corporate decide ditch far happening investors maybe rally recovery stocks takes throw trust
I don't trust this rally as far as I could throw it. It maybe takes a while for investors to decide to ditch even more stocks and become even more cautious about corporate debt. I don't see what's happening here as a harbinger of recovery for the market.
bad danish denmark fallout huge stays
I don't think it's necessarily that bad if Denmark stays out. I don't think there will be a huge fallout in Danish markets,
bit clearly data dependent dollar expect fed hence starting view volatile
But clearly any view on the Fed now is dependent on how the data comes through and hence we can expect the dollar to be a bit more volatile on data releases, starting with Friday's payrolls.
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.
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.
argument cuts tax
If there are no tax cuts (planned for the budget) then that may be used an argument to cut rates,
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.
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.
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.