My sense is we're basically moving sideways. All we did today is chop around.
More Quotes from Marc Chandler:
The quiet in the market has more to do with the holiday than it does with the strike. Foreign exchange is such a global market that if there's a staffing problem in New York City, they can pick up the slack in London or in other centers.Marc Chandler
The data shows that the housing market is not falling off the edge of a cliff, and the consumer confidence numbers are also better than expected so we're seeing a knee-jerk rise in the dollar.
Marc Chandler
I'd say hedging has nothing to do with what we've seen in the trade data.
Marc Chandler
The pendulum has swung back in favor of a March rate hike. The dollar-bull camp is based on the interest-rate differentials. They have really renewed their widening.
Marc Chandler
You have to wonder why some companies didn't hedge, because there was plenty of time along the way when they could have.
Marc Chandler
Readers Who Like This Quotation Also Like:
Based on Topics: Sense & Perception QuotesI guess the worst day I have had was when I had to stand up in rehab in front of my wife and daughter and say 'Hi, my name is Sam and I am an addict.'
Samuel L. Jackson
I really feel like the sky is the limit with the Innocent Criminals today.
Ben Harper
Well, pioneers always suffer. I don't care who is the first to embark upon things. For instance, settlers that settled the West, Western Canada and the U.S... they went though hell doing it, but it had to be done.
Bobby Hull