In our opinion, the market should be thankful that we avoided a possible surge in volatility which could have happened if President Bush picked a more unknown candidate.
Dollar bulls have full control and are taking the data in stride.
Euro/dollar longs and shorts are practically one-to-one right now, which indicates how indecisive the market is.
The dollar is rallying as foreigners snapped up a larger-than-expected amount of U.S. assets.
It's extremely bad and this is bearish for the U.S. dollar, ... This will definitely shift expectations more for a 4 percent Fed funds rate as the last hike we'll see as opposed to 4.25 percent.
You have jawboning from European officials and a lack of concern from U.S. officials. So the market is really confused with what it wants to do with the euro.
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