Intraday Market Thoughts
Ahead of the ECB
by
Sep 5, 2012 17:24
EURUSD is breaking back higher towards the $1.2600 figure on reports that more ECB sources are said to back a bond-buying plan with no limited amounts. The purchases will continue to be sterilized (offset weeks later). It seems that the majority of market participants expect the ECB to cut its refinancing rate to 0.50% from 0.75%. Here are the latest Premium Insights for the day http://www.ashraflaidi.com/products/sub01/access/?a=679 NonSubscribers can join here: http://www.ashraflaidi.com/products/
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