Ian Stannard
Ian Stannard
Ian Stannardis an English track and road racing cyclist for UCI ProTour team Team Sky...
concerned fed interest market possible rate whether
The market is still concerned about the interest rate and whether the Fed is on a possible pause.
believe clear coalition difficult either election form german grand hostility outcome possible result seems side worst
I believe the German election result is the worst outcome possible for the euro. Not only is there no clear winner, it will be difficult for either side to form a coalition and there seems to be hostility to the idea of a grand coalition.
clear coalition difficult drag either form grand hostility looks months outcome possible seems side weeks worst
This is the worst outcome possible for the euro. Not only is there no clear winner, it will be difficult for either side to form a coalition and there seems to be hostility to the idea of a grand coalition. It looks as if it could drag on for weeks if not months and that uncertainty is the worst thing for markets,
couple easy low next solution testing weeks
I see euro/dollar testing the $1.1870 low in the next couple of weeks as there is no easy solution to this.
coming news putting quite
There is quite a lot of news coming out of Japan, which I think is putting the yen under some weakness.
agreement coalition compromise grand obviously
Under the grand coalition agreement, some compromise will obviously have to take place for things to work,
mandate outright reform strong victory
The reform mandate is probably not going to be as strong as it would have been under an outright victory by Merkel.
backdrop canadian gains positive provided
Gains in commodities provided a positive backdrop for the Canadian dollar.
continue inflation market peak quite rates soft
If we see inflation to continue to come in on the soft side, then the market will intensify its speculation that the peak in U.S. rates is quite close.
although banks behind central citing global reasons reserve
Central bank's reserve diversification is now a global trend, although different central banks are citing different reasons behind the change.
auction bond dollar foreign level market renewed thus
Expectations in the bond market have been high, thus any disappointment over the auction (particularly with the level of foreign participation) could put the dollar under renewed pressure.
dollar failure market meet peak perception putting rates reinforce renewed
Failure to meet market expectations here will reinforce the market perception that the peak in US rates is clear, putting the dollar under renewed pressure.
test
We will get a test of the $1.10 low.
carry central drained driver excess global next year
We think next year will be a very different story as excess global liquidity, the driver for carry trades, is drained by central banks.