Greg Gibbs
Greg Gibbs
adequate assets bank central chasing commodity concern curtail economic global growth higher markets overall policy recovering risk strong
Recovering equities and still overall strong commodity markets suggests that there is little broad-based concern that central bank policy tightening will curtail global economic growth and there is still adequate global liquidity chasing higher risk assets and capping risk premiums,
hurricane market trading
The market has been trading on the hurricane news.
australian continue interest rate support
Interest rate expectations will continue to support the Australian dollar.
australian best days dollar feeling past terms
The Australian dollar has underperformed because there is a feeling it's past its best days in terms of a high-yielding currency.
calming comments expecting market maybe obviously prepared
Obviously the market was well prepared for a change. Maybe the market is expecting some more calming comments from Fukui.
dollar grind higher might quiet states united united-states
The U.S. dollar might grind a little higher as the United States comes back from a long weekend. But I think it is going to be a quiet week.
chatter impending last months policy rally sharp six week
The sharp rally in the yen last week may not last. There is chatter about an impending policy tightening by the BOJ, but this is still around six months away at least.
asian definite definitely eye hope influence korea move suspect
The yen has been a definite influence on Asian currencies. Korea definitely has one eye on the yen. I suspect Korea would hope the yen would move more than the won.
associated australian behavior cyclical global greater growth strong stronger
Strong cyclical equities are often associated with greater global growth confidence, risk-seeking behavior and a stronger Australian dollar.
appears bonds china coming flag foreign frequently global growth investment japan makers policy regard rising risk trust volumes
Much of this liquidity appears to be coming from China and increasingly Japan where investment trust growth is supplying significant volumes to foreign bonds with little regard to the rising global imbalances that policy makers frequently flag as a risk to the global economy.
canadian federal good helping hiking hurricane juice news oil possible prices reserve season year
A lot of the good news is already priced into the Canadian dollar. It's possible before the year is out that the hurricane season will be over, the Federal Reserve will still be hiking rates, and oil prices will come off, helping take some of the juice out of the Canadian dollar.
australian bullish difficult dollar quite rising
It's quite difficult to get bullish on the Australian dollar when the U.S. dollar is rising on interest-rate differentials.
australian built head rate support week
Rate speculation this week has built up a head of steam. This will support the Australian dollar.
certainly currency discourage economy further hold lower negative struggle taken talking trend year
The RBNZ has been talking the currency down for over a year and certainly won't discourage further falls. A negative trend in the currency has taken hold and the presumption that the economy will struggle this year, without a much lower currency, will keep it trending lower.