Kathy Lien Market Quotations

Going into the Jan. 31 FOMC (Federal Open Market Committee) meeting, a lot of people believe that with oil prices picking up, the Fed may be more neutral in their comments.

You have jawboning from European officials and a lack of concern from U.S. officials. So the market is really confused with what it wants to do with the euro,

At this point, the market is likely to consolidate and look to next week's trade balance and retail sales data to determine the direction of the pair for the near term.

Euro/dollar longs and shorts are practically one-to-one right now, which indicates how indecisive the market is,

In our opinion, the market should be thankful that we avoided a possible surge in volatility which could have happened if President Bush picked a more unknown candidate.