Steve Barrow
Steve Barrow
Steve Barrowis a British reggae historian, writer and producer...
believe definitely market next push time year
Will the market push on for $1.05 this year and $1.10 by this time next year? We definitely believe that it will be the latter.
again banks central comments crucial intervene larry looking prop summers tone towards treasury
Everyone is looking towards (U.S. Treasury Secretary) Larry Summers from the U.S. to tone down his comments on the dollar. His comments at the G20 are crucial if central banks are to intervene again to prop up the euro.
bit brought comments happens hopeful perhaps pushing slightly trade
Dollar/yen is slightly higher, perhaps as a consequence of that, with some of the comments sounding a little bit more hopeful in the sense of them not pushing on the anti-China trade legislation that they've brought to Congress. But we'll have to see what happens when they get back (to the U.S.).
against australia comment countries currency dollar offer people supportive weakness
People are clutching at straws if they think that the G20 will offer some kind of supportive comment for the euro. There are other countries at the G20 that are aggrieved at the weakness of their currency against the dollar -- Australia for one.
bad driven imports largely news oil reflects rise slide strong underlying
However, it is not all bad news as the slide was largely driven by a strong 27.3% rise in imports. While this reflects oil prices, to some extent, underlying imports are rising, which bodes well for the economy.
again expect fed focus funds higher levels next per year
The focus next year will again be on the Fed -- we expect Fed funds to go up to 5 per cent, higher than levels priced into the markets.
care data hardly market meeting tomorrow
With the FOMC meeting tomorrow the market is hardly going to care too much for the US data today.
against dollar euro globally hit markets parity robust seem strengthen time zone
The euro will strengthen against the dollar and should hit parity some time in the summer, ... The euro zone is experiencing robust growth, but globally the markets seem to like the dollar at the moment.