Steve Barrow
Steve Barrow
Steve Barrowis a British reggae historian, writer and producer...
half inflation neck percentage raise rates
We feel that the ECB should take inflation by the scruff of the neck and raise rates by a half percentage point,
dashed fed likely process support thoughts
Any thoughts that the Fed may end the tightening process are likely to be dashed and that will probably support the dollar.
expressed interested likely market members opinions whether
The market will be interested to see whether any members expressed opinions about the likely end of the cycle.
accused boxed caring cuts rates risks taking
The ECB is in a no-win situation. If it cuts rates it will be accused of taking risks with inflation, and if it doesn't cut rates, it will be accused of not caring about growth. It's boxed in.
argument cuts tax
If there are no tax cuts (planned for the budget) then that may be used an argument to cut rates,
comments looks recent remain sights stumbling
Our sights remain on a plunge to 80 cents. If Duisenberg's most recent comments are correct, it looks as if intervention is stumbling already.
deliver euro fact hike hikes pull rate skeptical whether year
I'm still skeptical whether we will see a hike from the ECB this year. The fact the ECB won't deliver on rate hikes this year will probably pull the euro back.
boost currency history shown
History has shown currency intervention is a long drawn-out battle. It will take weeks, if not months, with or without the U.S., to boost the euro. It'll take a miracle.
closes knows london soon
Everyone knows that as soon as London closes tonight, the U.S. won't intervene.
bodies call groups industry policy research
Politicians, industry groups and research bodies are all uniting to call on the ECB for policy action.
economy happens higher hike inflation meeting moving next pushed rate underlying weeks
We'd like to see it at the next meeting on Nov. 30. Underlying inflation is moving higher and Europe's economy is still strong. We will have to see what happens in the next two weeks ? it may be the next rate hike is pushed into next year.
against australia countries currency dollar weakness
There are other countries at the G20 that are aggrieved at the weakness of their currency against the dollar - Australia for one.
earlier economy far fed general good help indicator key number seen selling strength
We've seen some selling earlier this week, but a good number will show the general strength of the U.S. economy and help the dollar. Payrolls will be the key indicator as far as the Fed is concerned.