Marios Maratheftis Market Quotations

His (Weber's) comments are across-the-board hawkish... But the market has to see action. The rhetoric doesn't excite the market anymore.

The payrolls data managed to change interest rate expectations -- the market was pricing in a March (U.S. rate) hike by about 75-80 percent before the payrolls numbers came out. Once they had come out that was pushed towards 90 percent.

The message was consistent with what the market was already expecting.

The dominating theme in the market is yield. That's supporting the dollar and will continue to do so in the short term until the Fed signals it's thinking about the end of the rate cycle.

The market started thinking that the data were just too bad to be true and this helped the dollar.

The market may see this as just rhetoric, and it shows they're not leaving China with any agreement to strengthen the yuan. The yen is most sensitive to changes in expectations on the yuan.

The market has its doubts that the new German government is going to be able to proceed with the necessary economic reforms, ... People aren't going to be buying the euro on the basis of this result, because we need to see some evidence that the new government will deliver.

The market is showing a textbook reaction, buying safe-haven currencies like the Swiss franc and euro and away from the dollar.