Richard Franulovich
Richard Franulovich
cannot damaged deficit given respond truly wider
If EUR cannot respond to a wider deficit going into the U.S. long weekend, take as a given that EUR is a truly damaged currency,
appetite foreign less securities together weak
Stepped-up U.S. appetite for foreign securities and less foreign appetite for U.S. Treasuries have come together to make this a weak number.
concerns dollar improve sentiment structural
This should improve dollar sentiment ... as it alleviates a lot of the structural concerns about the dollar.
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When you have a catalyst like today, the recovery tends to be much quicker and sharper than the decline because people are getting stopped out.
data japan softer
The data from Japan was universally softer than expected. It is conspiring to take the yen lower.
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We're oil traders now because currencies are trading so closely off oil. All the risk now is that the hurricane does not have all the negative effects for the U.S. economy.
economy fed greenspan message represent speaking transitory
Greenspan is speaking on the economy and ... the unmistakable message from the Fed is that hurricanes only represent a transitory risk.
euro levels lower momentum people picking targeting
More people are targeting lower levels in the euro and momentum is picking up,
euro fresh given higher highs punch sharp short
Net-net, given the sharp U.S. upward revisions to payrolls, for the euro to punch higher to fresh highs is nothing short of spectacular,
aided australian definite gold strength
There's some definite independent strength in the Australian dollar, aided by gold and commodities.
fed pause policy
Some well-known commentators on Fed policy have come out and said that the Fed has finished, the Fed is on pause or the Fed should take a pause,
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The West Coast Port data suggest underlying trade volumes will provide a decent offsetting boost to the U.S. trade picture, with...U.S. exports outperforming in December.
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In so far as this is already discounted by the interest rate futures markets, it is also priced into the euro and we're basically back to square one, where we started the year -- two more hikes here (in the United States), and two more in the euro (zone).
dollar performing speaks
It speaks to a U.S. dollar that is performing very well.