Steve Barrow Market Quotations

With the FOMC meeting tomorrow the market is hardly going to care too much for the US data today.

Will the market push on for $1.05 this year and $1.10 by this time next year? We definitely believe that it will be the latter.

We don't expect a cut and we're not even convinced there will be a change in the Fed's bias. If the market is factoring in a cut, then it may come a cropper as a result.

There is speculation in the market that a Dutch company is selling euros.

If European companies start to cut dividend yields this could start to hold the market back. The dividend yield cut story is just another excuse for investors to sell stocks.

The market will be interested to see whether any members expressed opinions about the likely end of the cycle.