When you have a catalyst like today, the recovery tends to be much quicker and sharper than the decline because people are getting stopped out.
More Quotes from Richard Franulovich:
For a number of years now in a big picture sense, price action in Aussie seems to lead global growth. There is something like a 12 - 18 month lag.Richard Franulovich
This should improve dollar sentiment ... as it alleviates a lot of the structural concerns about the dollar.
Richard Franulovich
It's a neutral to a decent number. I don't think this number adds to the argument that the Fed is stopping (rate rises) at 4.5 percent.
Richard Franulovich
Stepped-up U.S. appetite for foreign securities and less foreign appetite for U.S. Treasuries have come together to make this a weak number.
Richard Franulovich
The West Coast Port data suggest underlying trade volumes will provide a decent offsetting boost to the U.S. trade picture, with...U.S. exports outperforming in December.
Richard Franulovich
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