Tim Mazanec
Tim Mazanec
backed dollar expected fact hikes inflation means rate strength supported
That really backed up the fact that strength is still expected in the economy, which means more rate hikes to keep inflation at bay, so that has supported the dollar this afternoon.
benefit consumers euro michigan piece retail strongest survey weakness win
Consumers have been the strongest piece of this economy, so if we see some weakness in retail sales, and the Michigan survey should be off on Friday, we should see the euro win the benefit of the doubt,
await continued employment growth market reaction report spot void
The report was spot on expectations, signaling continued growth in the U.S. employment sector. It should bode well for the economy, but the reaction is null and void in the market as we await Greenspan.
clear mistake shift trend
There's shift in ranges, but still nobody's going to mistake this for a clear trend reversal or anything.
balance forecasts percent push toward trade
The trade balance was narrower than expected, so that should push most (U.S.) GDP forecasts toward 5 percent in the first quarter,
fed june meetings next
Come the Fed meetings around April, May, June next year, this may have an impact.
fed focused potential rather sooner
The market's focused on the potential for the Fed to pause. That could be sooner rather than later.
aggressive dollar fed gains lead remain
The dollar should remain firm. The ECB may not be as aggressive as the Fed and that should lead to dollar gains in 2006.
buying data dollar euro interest strength
The dollar reacted to data strength initially, but for the euro there is buying interest around $1.2230.
across aggressive board dollar indication initially release weaker
The dollar is weaker initially across the board after the release of the minutes. On your first read through you get the indication they may not be as aggressive as some had been predicting.
across came dollar expected gains prices report starting stronger
The dollar is starting to show some gains as the report came in stronger than expected across the board; new orders, employment, prices paid.
against definitely dollar further swimming trying twin
The dollar is definitely swimming against the tide, trying to make further gains against the twin deficits.