Todd Elmer
Todd Elmer
ahead although bit data forecast major optimistic outlook played relatively seem
This is a bit of consolidation ahead of the major data that we get tomorrow. The forecast for the data is relatively optimistic, although that optimistic outlook does not seem to be played out in the markets.
short
If you look at this from a directional standpoint, I think you'd look to be short of dollars.
china currency easier name scope singled
It's easier to name China a currency manipulator now that they have been singled out on an international stage. There is considerable scope for the yen to strengthen.
dollar markets modest seeing surprising
Markets had been going for a modest pullback. In that light, it is not surprising that we're seeing some dollar strength.
position profit successful taking
A lot of this comes on the back of year-end profit taking on what has been a successful position for the market.
dollar mainly position seeing weaker
We're seeing a weaker dollar mainly because of position covering.
april begin easing forecast interest months several
There are expectations for quantitative easing to end in April - that's our forecast too - but it will probably take several months (after that) before they begin tightening interest rates.