Trade is pretty random right now. We are just groping. Were it not for the situation in the Capital Building the dollar might not have been off at all.
More Quotes from Mike Malpede:
The top (reason for the US dollar's strength) is the yield differential, ... You have Japan officials saying no abrupt change and mixed signals from Europe.Mike Malpede
He's back-tracking his past statement and he's trying to clarify through the media, which makes him look a little bit less credible. If you have a Federal Reserve board chairman that looks less credible, that could be considered dollar negative.
Mike Malpede
Iran may be moving out of European banks, but no one knows where Iran will move its money and no one knows the size of Iran's reserves. So you can't really make an intelligent trade on the news.
Mike Malpede
There have been rumors in the currency trade that there maybe more changes and possibly John Snow may be replaced and that could lead to speculation that the administration may want to change the dollar policy, which I think is far-fetched.
Mike Malpede
We have had major events this week but the dollar has not been shaken out of its range. The market is not ready to make a move until it has a clearer picture of the Fed's plans.
Mike Malpede
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Based on Topics: Business & Commerce Quotes, Capital QuotesThe idea that to make a man work you've got to hold gold in front of his eyes is a growth, not an axiom. We've done that for so long that we've forgotten there's any other way.
F. Scott Fitzgerald
There are two ways to live: you can live as if nothing is a miracle; you can live as if everything is a miracle.
Albert Einstein
I am searching for abstract ways of expressing reality, abstract forms that will enlighten my own mystery.
Eric Cantona