Alex Beuzelin
Alex Beuzelin
appeal enhances interest pound rate relative
It enhances the dollar's interest rate appeal relative to the euro, pound and yen,
federal headline interest raising rates reserve surprise track upside
That was an upside surprise in the headline PPI index. That's going to keep the Federal Reserve on track in raising interest rates at an incremental pace,
concerned effects fed high hiking measured near oil prices rate remains supportive
The Fed remains concerned about the inflationary effects of high oil prices and that is going to keep it on a measured rate hiking path. In the near term, I think that is supportive for the U.S. currency.
continuing deter fed measured rate short term
Overall, in the short term this is not going to deter the Fed from continuing its measured rate tightening campaign,
currency filtering lifting market rally sharp street wall
The sharp rally on Wall Street is filtering through the currency market and lifting the U.S. dollar.
continued euro further gathered momentum sentiment
The euro gathered further upward momentum as traders' sentiment for the euro-zone continued to brighten,
catalyst declining familiar japanese latest move perception tokyo wants weaker
The familiar combination of declining fundamentals and the market's perception that Tokyo wants to see a weaker yen was the catalyst for the Japanese currency's latest move down,
coming market monetary risk
The risk would have been coming out with someone the market doesn't know, or who is a monetary hawk.
attempts dollar key narrow push remained technical traders
The Dollar/Yen remained hemmed in narrow ranges as traders were unsuccessful in their attempts to push the dollar through key technical resistance.
assumption due holiday single trading
Lighter-than-usual trading volumes, due to the Assumption Day holiday in Europe, facilitated the single currency's gains,
vastly
They are still vastly under-performing the U.S. economy,
days favor good japan market promise sentiment shift
If, in the days going forward, Japan does not make good on its promise (of weakening its currency), market sentiment could shift back in favor of the yen.
concern expression green light resume since traders
Since there was no expression of concern at the yen's strength, traders interpreted this as a green light to resume their yen buying,
talked walk
They talked the talk, now they have to walk the walk.