Tim Mazanec
Tim Mazanec
across aggressive board dollar indication initially release weaker
The dollar is weaker initially across the board after the release of the minutes. On your first read through you get the indication they may not be as aggressive as some had been predicting.
ahead claims helped looking next tomorrow week
Jobless claims helped (the U.S. dollar), but we're looking ahead to tomorrow and next week at this point.
comments data fed indicative stronger suggest though wait
Even though the data has been inflationary and indicative of a stronger economy, comments from the Fed suggest they're going to wait and see.
costs fed increasing initially labor pause sooner unit
If unit labor costs are not increasing as much as we initially expected, that would get the Fed to pause (rate hikes) sooner than expected.
trend
It's a continuation of the trend we've seen.
backed dollar expected fact hikes inflation means rate strength supported
That really backed up the fact that strength is still expected in the economy, which means more rate hikes to keep inflation at bay, so that has supported the dollar this afternoon.
await continued employment growth market reaction report spot void
The report was spot on expectations, signaling continued growth in the U.S. employment sector. It should bode well for the economy, but the reaction is null and void in the market as we await Greenspan.
benefit consumers euro michigan piece retail strongest survey weakness win
Consumers have been the strongest piece of this economy, so if we see some weakness in retail sales, and the Michigan survey should be off on Friday, we should see the euro win the benefit of the doubt,
definitely higher number spending strong
Overall, the ISM number is definitely a strong figure, as well as the construction spending report, which is much higher than expected.
matter momentum picking
It was all one way. It was just a matter of momentum picking up after 8 a.m..
difference dollar helping horizons interest investment
Interest-rate differentials are what are helping the dollar right now. The difference between U.S. and other investment horizons has widened of late.
closer dollar dove evidence hawk neutrality risk
The risk if you are a dollar hawk is they show they are closer to neutrality and if you are a dollar dove that they show no evidence of being done.
across came dollar expected gains prices report starting stronger
The dollar is starting to show some gains as the report came in stronger than expected across the board; new orders, employment, prices paid.
came higher hikes price rate
The price index came in higher and that kind of confirms expectations for at least two more rate hikes from the Fed.