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.

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,

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.

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

It's extremely bad and this is bearish for the U.S. dollar. This will definitely shift expectations more for a 4 percent Fed funds rate as the last hike we'll see as opposed to 4.25 percent.

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