Lee Ferridge Quotes (13 Quotes)

Without fresh good news on the U.S., the current account worries come back to the fore so people worry about the dollar. With stocks it's a question of how much good news is already priced in.

People are still digesting Friday's data and wondering whether the short-term reaction to sell the dollar was right,

We have the FOMC tomorrow and big economic numbers, which are generally seen as upbeat,

The question is Is it economic recovery or government spending that has boosted the yen recently I tend to think it's the latter. There is little incentive to buy Japanese stocks at the present time, and really, little incentive to buy yen.

The euro got bought up toward the end of last week on the prospect of a deal being struck, and so often with these things in the markets, it is buy the rumor and sell the fact,'

Yes, they've reached an agreement, but it remains to be seen whether the grand coalition can work and whether it actually delivers the reforms.

The market did go up a little on the news but now we're coming back down again because I think the good news is factored in,

There is a growing realization that the Chinese move last week was not as huge as some interpreted it to be. Now people have worked out that it is not that significant a move.

After all, it wasn't a bad number. It's just that the market had positioned for something even better.

A lot of people bought the yen following Koizumi's victory and now they're feeling the squeeze. The yen has got about as much as it was going to get from the election result and now people are taking the opportunity to sell.

Trade concerns and concerns over repatriation (of yen by Japanese investors selling U.S. treasuries) are the main components behind the yen's rise,

It was a knee-jerk reaction after the reports of an earthquake. The logic behind the move is that a natural disaster in California could damage the U.S. economy.

We've just seen some stop-losses and it looks like people chose the downside.