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eternalfuture · 07-11-2004, 18:41

Bear Stearns expected euro/usd at 1.35-1.40 sometime next year.
As for rate hike in December, for now I think it's almost in the bag. Even if the next payrolls will be softer, around 100k or so, the Fed may still tighten its policy. Just watch what the voting members say. I think the Fed's pretty determined to take the rates above 2%. Next week's hike is surely already discounted sometime two months ago.

The capture of Osama may not mean much, Mick. The capture of Saddam was a perfect example of it. If you think the capture Osama will end the conflict in Iraq and the other parts of the world, think again. Because it will be the reverse. It will intensify the degree of conflicts.

07-11-2004, 18:41	#16 (permalink)
eternalfuture Padawan Join Date: Aug 2003 Posts: 892 Rep Power: 0	FOMC in Dec and Osama Bear Stearns expected euro/usd at 1.35-1.40 sometime next year. As for rate hike in December, for now I think it's almost in the bag. Even if the next payrolls will be softer, around 100k or so, the Fed may still tighten its policy. Just watch what the voting members say. I think the Fed's pretty determined to take the rates above 2%. Next week's hike is surely already discounted sometime two months ago. The capture of Osama may not mean much, Mick. The capture of Saddam was a perfect example of it. If you think the capture Osama will end the conflict in Iraq and the other parts of the world, think again. Because it will be the reverse. It will intensify the degree of conflicts.