Michael Klawitter
Michael Klawitter
concerns economy focus general moving range terms
In general terms were are still in a $1.20/1.21 range for euro/dollar ... but the focus is moving away from concerns that the U.S. economy is slowing.
cautious euro future half market numbers rate respect second year zone
In the euro zone numbers have been better than expected. In respect to the second half of the year the market is too cautious on the ECB and future rate hikes.
cautious euro future half market numbers rate respect second year zone
In the euro zone numbers have been better than expected. In respect to second half of the year the market is too cautious on the ECB and future rate hikes.
confirm data federal front market reassuring reserve respect stronger
On the U.S. data front we did not get very reassuring numbers. To confirm market expectations in respect of Federal Reserve tightening this year, we need significantly stronger numbers.
aftermath bit came focus inflation jobs wage
It's still the aftermath of the jobs data, which came as a bit of a shock. For the dollar, now the focus is on wage inflation and inflation in general.
banks central costs dollar energy environment expect fact fed given increases looking market people raising rate rates start worry
People would start to worry about growth, and given the fact that the market is already looking for the Fed to end its rate increases this could be a dollar negative. No one would expect central banks to be raising rates in an environment where energy costs are going up sharply.
dollar growing iran likely negative tension
The growing tension with Iran is likely to be dollar negative news.