Edit
) no-repeat top center;background-size:cover'>

Curiouser and Curiouser

July 28, 2006
In response to the disappointing preliminary Q2, the market took bond yields lower and the dollar with it. The market downgraded the likelihood of a Fed hike on August 8. Indicative pricing in the Fed funds futures market implies the odds of a hike have fallen to about a 33% chance, the lowest since mid-June and well off the 85% chance seen at the…
Curiouser and Curiouser Curiouser and Curiouser Reviewed by magonomics on July 28, 2006 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Bernanke Preview

July 18, 2006
Given the heightened uncertainty about the near-term outlook for US monetary policy, this week’s semi-annual congressional testimony by the Federal Reserve Chairman will be closely scrutinized for clues. Federal Reserve Chairman Ben Bernanke’s semi-annual testimony before Congress this week is looked.
The risk is that the market is disappointed. F…
Bernanke Preview Bernanke Preview Reviewed by magonomics on July 18, 2006 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Could Bernanke be Dollar Negative?

July 14, 2006
The US dollar has recovered nicely from the sell-off that culminated in the immediate aftermath of the disappointing jobs data at the start of the month. These gains were scored despite the movement of interest rate differentials against the US. The fact that the premium the US offers over the euro-zone has narrowed also means that US debt instrum…
Could Bernanke be Dollar Negative? Could Bernanke be Dollar Negative? Reviewed by magonomics on July 14, 2006 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Policy Dilemma Eases

June 16, 2006
US data in recent days helped ease concern that the economy is not strong enough to withstand the kind of tightening the Federal Reserve may need to enact in order to return inflation and inflation expectations back within officials comfort zone. And make no mistake about it, the pendulum of market sentiment has swung hard, abandoning the one and …
Policy Dilemma Eases Policy Dilemma Eases Reviewed by magonomics on June 16, 2006 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

How Now Greenback

June 09, 2006
We can identify thee main considerations when trying to ascertain the near-term outlook for the US dollar: market positioning, interest rates and the G7/IMF. Let’s review each, but to cut to the chase, the first two seem dollar supportive, though the third may exert pressure in the other direction.
Market Positioning
The market had amassed substanti…
How Now Greenback How Now Greenback Reviewed by magonomics on June 09, 2006 Rating: 5
Powered by Blogger.