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Adam Cole Quotes
I think the market has got too pessimistic on interest rates.
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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.
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Adam Cole
Expectations for euro zone growth have been so depressed, it's not taking an awful lot to deliver an upside surprise. Markets have adapted to the very strong growth backdrop in the U.S.
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Adam Cole
Even if they don't change at this week's meeting the delay is only one month. It will take three months to withdraw excess liquidity before they can target zero interest rates. So the policy shift might not have a material impact.
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Adam Cole
Even if these (falls) reverse partially next month, this is very bad news on domestic demand.
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Adam Cole
Consolidation ahead of payrolls on Friday is likely to be the story in the short term unless we get any news in today's (service sector) data that changes the view on the payrolls.
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Adam Cole
At the moment it seems like a pretty ring-fenced issue and it doesn't look like it's going to spill over into the market at large, but any risk aversion resulting from problems with trading would be dollar negative.
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Adam Cole
(Dollar short covering) does suggest that the policy move by the Bank of Japan is in the price and there isn't a lot more to go for in that story.
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Adam Cole
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