Steve Barrow
Steve Barrow
Steve Barrowis a British reggae historian, writer and producer...
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.
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.
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.