David Gilmore
David Gilmore
David Gilmoreis an American session jazz guitarist...
bullish economy enjoying inflation low market picking stock strong tough
The market is pretty bullish on the dollar. With the U.S. economy enjoying low inflation and strong growth, and with the stock market picking up again, it makes it a tough go for the euro.
bullish market
The market is pretty bullish on the dollar,
across focused high higher interest market rates rather yield
The market is not focused on imbalances, but rather interest rates and in the US right now they are high and getting higher across the yield curve.
emerging global government major opportunity period trading virtually
It's become virtually an unprofitable period for most institutions trading major currencies and government bonds. The real opportunity has come from commodities, global equities and emerging markets.
bank central european federal reserve
The Federal Reserve is nearing the end of its tightening cycle, and the European Central Bank could tighten more.
control failure minister party prime ruling seen widely
The failure of reformers to wrest control of the ruling party away from Prime Minister Yoshiro Mori is widely seen as a setback for revitalizing Japan,
believe quarter
We believe the yen will weaken substantially into the first quarter of 2001,
again demand expected fed next raise rates serious signs unless
Unless we get some more serious signs of demand slowing, the Fed is expected to raise rates again at its next meeting,
attention elevates loads risk theme
Look for the imbalances theme to get loads of attention at the G-7 meeting. Doing nothing elevates the risk of a disorderly adjustment.
believe cut fed follow quickly rate relatively
We believe the ECB will follow the Fed rate cut relatively quickly with one of its own,
buy currency help interest investors japanese key rates risk
Removing currency risk is key to getting Japanese investors to buy U.S. assets, which will help keep U.S. interest rates down.