Steve Barrow
Steve Barrow
Steve Barrowis a British reggae historian, writer and producer...
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.
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.
expressed interested likely market members opinions whether
The market will be interested to see whether any members expressed opinions about the likely end of the cycle.
tough
We think it is unlikely, but it's a tough call.
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.
comments looks recent remain sights stumbling
Our sights remain on a plunge to 80 cents. If Duisenberg's most recent comments are correct, it looks as if intervention is stumbling already.
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.
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.
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.
deliver euro fact hike hikes pull rate skeptical whether year
I'm still skeptical whether we will see a hike from the ECB this year. The fact the ECB won't deliver on rate hikes this year will probably pull the euro back.
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.
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.
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.