Trade with Europe is being hit by the strength of sterling and the weakness of the euro,
More Quotes from Adam Cole:
What we're likely to get is no move but all the comments suggesting that there will be a move next month.Adam Cole
The risk is that the deficit is rather worse than the market is looking for and if that's the case it may swing the focus back to structural dollar negatives and away from the interest rate focus.
Adam Cole
Having said that, the leading indicators of GDP are pointing to a very significant slowdown. From here it would appear growth for the final quarter will slow and for the first few months of next year as well.
Adam Cole
Fukui's comments are further reinforcing the feeling the BOJ is ending its quantitative policy. It's the vote of confidence in the economy by the BOJ.
Adam Cole
We would expect the Fed to say something about Katrina and what it means for the immediate and long-term impact on activity and I think there's a lot of uncertainty about what they may say.
Adam Cole
I'm a rhythm player, and once I find it, I can contribute offensively.
Adam Cole
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