Marc Pado Quotes

The futures are off to a slightly lower start after the [Group of Seven industrial nations] made a firmer call for China to accelerate the exchange rate of the yuan. The dollar got hit in response.

- Marc Pado

Tags

Futures | Slightly | Start | Group | Industrial |

comments powered by Disqus

Random

Today, we're keeping an eye on the same old catalysts, rates and crude. The drop in interest rates overshadowed a rise in crude [Tuesday] . However, crude is still well entrenched in its trading range, on a long-term basis. - Marc Pado

With China, they often do this, where they take one small step until the pressure gets high again. It's unlikely that China is really going to move aggressively to slow their economy. It would take aggressive moves in order to make an impact on China's growth at this point. - Marc Pado

Those very short-term support levels were broken yesterday, but the supports under the current levels are substantial. Now that the Fed has made it clear that we will see one if not two more rate hikes, the uncertainty has been removed. We expect the focus to shift to first-quarter earnings results, and they are expected to be good. - Marc Pado