Alex Beuzelin
Alex Beuzelin
aggressive appears assessment caution economic extended gains government japanese lull reason recent traders
The pre-FOMC caution and lull in the marketplace appears to give traders little reason to put on aggressive positions, ... The Japanese yen extended its recent gains as the Mori government upgraded its assessment of economic conditions.
across adhere against although bit board continues dollar lower major recent
Although a bit lower across the board this morning, the U.S. dollar continues to adhere to its recent ranges against the world's major currencies.
against await behavior continues despite economic economy euro exchange factors foreign hit japanese low market next outlook peak positive recent role support technical traders trading
The market's positive outlook for the Japanese economy continues to support the yen as it hit a two-month peak against the dollar, ... Technical factors continue to play a determining role in the behavior of the foreign exchange market as traders await next week's FOMC meeting. Despite recent encouraging euro-zone economic data, the euro is trading at a two-week low against the U.S. dollar.
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,
appears economy slower
It appears that the slowdown in the U.S economy was slower than anticipated,
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,
appeal enhances interest pound rate relative
It enhances the dollar's interest rate appeal relative to the euro, pound and yen,
again direction dollar economic key lack linked volatility wall
With a lack of any key economic news, once again the direction of the dollar is linked to the volatility on Wall Street.
concern deficit high large number record serves trade
Today's record high trade deficit number only serves to play up the market's concern about the large imbalance in the U.S. trade account,
ahead amount event finance marking meeting ministers risk temper tending time traders
Traders are marking time ahead of the G7 finance ministers meeting on Friday. I think there is still a significant amount of event risk and that is tending to temper the dollar's movement,
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.
capable carries credible experience knowledge near prove reassuring respected seen terms
He carries a lot of credibility in the marketplace. He's well respected in terms of his knowledge and his experience at the Fed. He is seen as very capable and credible that would prove reassuring in the near term,
continues dollar exchange foreign pessimism
U.S. dollar pessimism continues to pervade the foreign exchange market.
creation job labor pace shows slack
Undoubtedly it's a dollar-negative report. This pace of job creation shows there is still slack in the labor markets.