Ian Stannard
Ian Stannard
Ian Stannardis an English track and road racing cyclist for UCI ProTour team Team Sky...
fed hold near raising rates reasonably
The Fed will be pausing after raising rates in May. Sterling is going to hold up reasonably well in the near term.
dollar further hikes looking market rate supported
The market is now looking for some further rate hikes in the U.S. and that is going to keep the dollar supported in the near-term.
adjustment believe dollar event further minutes peak putting rates seen suggesting
The minutes are a very important event today, with any adjustment suggesting that the peak in rates is close, as we believe it is, seen putting the dollar under further pressure.
comments economy european growth helped improving inflation raised rate requires thinks
They've raised their inflation and growth forecasts, which suggests that the ECB thinks the European economy is improving and requires more rate hikes. These comments have helped the euro.
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.
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.
assuming couple decline euro hiking market next open rates
The market is assuming that the ECB won't be hiking rates in the next couple of months. The way is open for the euro to decline further.
building coming comments euro hike likely rate regarding seeing start top
Speculation regarding a ECB rate hike is likely to start building further, especially coming on top of the more hawkish comments we have been seeing from the ECB officials, so that will be euro supportive,
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.
impact katrina message officials
The message from officials is that the impact from Katrina will be limited.
dollar gain minutes rather similar stay supported tone
If the minutes are in a similar tone to that of the FOMC statement, then the dollar should stay supported rather than gain significantly.
adding euro pressure problems today
The euro is under pressure already today and this is adding to its problems.
backdrop canadian gains positive provided
Gains in commodities provided a positive backdrop for the Canadian dollar.
clearer fact investors provide returned seem signs
Investors do seem to be comfortable with the Koizumi agenda. The fact that there are ever clearer signs that he is going to be returned is going to provide the yen with support.