Steve Barrow
Steve Barrow
Steve Barrowis a British reggae historian, writer and producer...
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.
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.
closest fed official peak perhaps rates suggesting
This is perhaps the closest any Fed official has come to suggesting the peak on rates for now.
doubt economy german interest needs raise rates slide slow stop
The ECB needs to raise interest rates to stop a big slide in the euro, ... We doubt the German economy will slow down as is predicted.
doubt economy german interest needs raise rates slide slow stop
The ECB needs to raise interest rates to stop a big slide in the euro. We doubt the German economy will slow down as is predicted.
bank canadian currency face hike meeting next performing rate retail slightly week
The Canadian currency is still performing very well especially in the face of a slightly disappointing retail number. The Bank of Canada's meeting next week will be the focus. A rate hike next week is most likely.
adjust dollar good increases looks people rate
The dollar still looks like a good buy. People are going to need to adjust to more rate increases from the Fed, so that's going to give the dollar a push.
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.
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.
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.