Hints and tips:
...“We finally got some relief in producer prices, following consecutive reports where both headline and core measures have consistently beaten expectations,” said Michael Woolfolk at Bank of New York Mellon...
...“Despite improvements in the overall economy, housing continues to drift lower and weaker”, said David Blitzer, chairman of the Standard & Poor’s index committee....
...Click to enlarge: 6) Perspective in a graph, from Calculated Risk: 7) UPDATE: David Leonhardt has posted this excellent chart comparing the jobs growth shown by the two surveys....
...Speaking before the Fed decision, David Semmens, US economist at Standard Chartered in New York, said that the Fed is unlikely to cut its asset purchase programme short of $600bn....
...Michael Woolfolk, at Bank of New York Mellon, said the ensuing sell-off in the euro indicated that the market reacted negatively to the ECB’s reluctance to consider lowering rates on weaker growth as long...
...Michael Woolfolk at Bank of New York said: “Confidence is falling as consumers become saddled with high oil prices. The market psychology is to sell dollars.”...
...David Woo, at Barclays Capital, said the data supported his view of an upside risk to Swiss inflation....
...“The real story is the [yield] curve which reflects the credit story,” said David Ader, strategist at RBS Greenwich Capital....
...David Woo at Barclays Capital says the fact that the Australian dollar and New Zealand dollar, the best-known vehicles for yen-funded carry trades, were among the biggest casualties of the recent sell-off...
...But Michael Woolfolk, strategist at the Bank of New York said Tuesday’s consumer confidence figures ran counter to that view....
...Michael Woolfolk, strategist at Bank of New York, said the market was looking to next week’s producer price and consumer price data for direction....
...There was no obvious newsflow behind this weakness, but David Bloom, currency analyst at HSBC, argued that the role of the euro was changing and it was no longer mechanically rising across the board whenever...
...Michael Woolfolk, senior currency strategist at Bank of New York, argued there was now a 75 per cent chance that the BoC will hike in July, especially given that inflation data released on Tuesday showed...
...David Bloom, currency analyst at HSBC, said it might be time for traders to get used to volatile intra-day movements in the dollar....
...It would be goodnight London then,“ said David Bloom, currency analyst at HSBC, who saw scope for the pound to fall to the low $1.60s....
...“It was quite shocking,” said David Bloom, currency strategist at HSBC....
...Not even warnings about unsustainable US imbalances from the International Monetary Fund to New York Fed president Timothy Geithner can stick on the Teflon dollar,” said David Gilmore, analyst at consultancy...
...David Bloom, currency analyst at HSBC, saw a 20 per cent chance of sterling diving 10 per cent if France was to vote Yes, so he was among those surprised by sterling’s weak performance yesterday....
...“There really was no silver lining to this cloud,” said Michael Woolfolk, strategist at Bank of New York....
...David Dodge, the governor of the Bank of Canada, predicted solid growth rates and said interest rates would have to rise over time....
...Now his comments tie in with what is happening in the market and have captured the market sentiment,” said David Bloom, currency analyst at HSBC....
...David Bloom, currency analyst at HSBC, saw the potential for the dollar to firm to $1.28 to the euro as cyclicals continued to hold sway, before an eventual sell-off as the structural problems of the US...
...“This was a red flag to euro bulls who wanted to sell dollars,” said Michael Woolfolk at the Bank of New York. Much will now depend on today's US non-farm payrolls data....
...“There is a growing consensus that the Bank of England may only hike another 25 basis points this cycle,” added Mr Woolfolk....
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