Intraday Market Thoughts

After the FOMC, Premium Trades on Euro, Cable & Eurozone

by Ashraf Laidi
Mar 13, 2012 18:36

The Fed made some minor edits to its FOMC statement to acknowledge the improvement in labor markets and the rise in energy prices. We expect the central bank to signal more meaningful changes at its April FOMC meeting, most likely opening the door for sterilized asset purchases. Euro shrugs off this morning's jump in the ZEW Expectations index as the Current Conditions index fell to 37.6. When economists and analysts see the positive impact of the LTRO on market liquidity rather than on the economy, they have no choice but to give positive responses regarding the future, thereby, impacting the EXPECTATIONS component but NOT the Current Conditions index. See our latest Premium trades on GBPUSD, EURUSD, CADJPY and oil as well as key charts on Germany's PMI/IFO/ZEW as well as GBPUSD. Direct Access here: http://ashraflaidi.com/products/sub01/access/?a=615 NONsubscribers can click here: http://ashraflaidi.com/products/sub01/access/

 
 

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