6 Quotes by John Cholakis

  • Author John Cholakis
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    We want to see what his line of reasoning was and if it's a valid argument, then perhaps the dollar sells off. If his comments are not as dovish as people might fear, the dollar might rally.

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  • Author John Cholakis
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    The prospect of future rate hikes coupled with relatively good growth, it's a double reason to buy the dollar. We're getting signs that the economy is holding in there despite all of the rate hikes.

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  • Author John Cholakis
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    This is definitely bullish for the euro. European yields are edging higher, and the speculation is that the ECB is going to have to tighten sooner rather than later.

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  • Author John Cholakis
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    The Bank of Japan is going to be on hold while the Fed and the ECB are proactively raising rates. The yen is the hardest currency to buy.

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  • Author John Cholakis
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    The initial jobless claims number wasn't as dire as it could have been. We saw some dollar buying after that.

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  • Author John Cholakis
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    The market's kind of worried they may suggest they are coming to an end of the aggressive tightening cycle. There is some dollar selling as a result of that.

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