Michael Woolfolk
Michael Woolfolk
compelling hike interest next rates reason
There's a compelling reason to hike interest rates at the next meeting.
dollar faster fed giving itself later pace positive raise rates removal room word
The removal of the word 'measured' ... would be positive for the dollar as it suggests that the Fed is giving itself room to raise rates at a faster pace later this year.
bought coming decides dollars euro low market negative possible quite sent time trading vote weekend weeks
The weekend 'No' vote was deemed to be negative for the euro and has sent the euro/dollar into a new trading range. It is quite possible that in the coming weeks we could get as low as $1.20 before the market decides that it has bought enough dollars for the time being.
choke growth oil prevent prices recovery risen stock view
Oil prices have risen so dramatically that the view now is that this could choke off U.S. growth and prevent any recovery in the stock market.
continue economic expected fed heads interest political rates report rising risk strength underlying
The monthly GDP report fed into underlying CAD strength. With political risk subsiding, rising interest rates and fundamental economic strength are prompting CAD buying, which is expected to continue through year-end as USD/CAD heads for the 1.10 mark.
building caused clothing december demand despite domestic figure fourth previous reflected retail sales strong supplies support
Despite some base-effect distortions caused by surges in building supplies and clothing sales in the previous month, December retail sales reflected broad-based domestic demand that should support a strong GDP figure for the fourth quarter.
asian bank buying dependent states united united-states
The United States is very dependent on Asian bank buying and petrodollars.
beats certain optimistic
This certain beats even the most optimistic forecasts,
added buy dollar dollars gasoline market order report
This was a report that was made to order for dollar bulls. The market was predisposed to buy dollars and the report added gasoline to the fire.
dollar order report
This was a report that was made to order for dollar bulls.
attempting investors positions square
Investors are attempting to square up their positions before the long weekend.
dollar fed interest looks provide rate supporting time until
Interest rate differentials are supporting the U.S. dollar for the time being. Until the Fed pauses, it looks that's going to provide support for dollar bulls.
consumers dollar economy heading keeping next spending strength
Consumers are out there spending and keeping the economy alive. We see dollar strength heading into next year.
bank changing close fiscal japan march monetary movements policy year
The Bank of Japan is not going to be changing its monetary policy before the fiscal year end on March 31. As corporations close down their books, they don't want any pronounced movements in the dollar-yen rate.