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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
1 hr tunnel blasted thru finally, now retreat back to mid, mho.
safe trade..
Jacek...congrats.u placed a full trade info with the variables..
worthy step...and it hit a spike..for big profits.
see, that wasn't so hard, was it?
Now act like you've been there before, and no 'spiking in the endzone' like POTUS said. :)
from the credit where credit is DUE dept.
g'morn Ashraf..good luck on the bullets
European Central Bank will take the lead in policy hawkishness and transparency if Trichet and company follow the script set out in its monthly bulletin. As we indicated in the past, a reference to the ECB monitoring inflation "very closely" - statement directly from the last monthly ECB publication - should be followed with an explicit claim to exercise "strong vigilance." This would solidify expectations for a June rate hike and help reverse today's euro slide back toward $1.50.
There are 3 reasons for the likelihood of this scenario playing out today: 1)ECB wants to avoid ambiguity as it transitions to an exit from accommodative stance, and it can afford to do so at this juncture given the recent inflation data; 2)Higher rates and stronger Euro is the "quid" in the latest Portugal bailout "pro quo"; 3)A more hawkish bias solidifies the credentials of the incoming Bundesbank representative to the ECB, helping Germany save face for not taking the presidency with Weber in the fall.
By GG - of AshrafLaidi.com
Ashraf