Archived IMT (2011.03.31)
2.6% CPI and a little more hawkishness is enough for the euro. Ezone Flash March CPI jumped to 2.6% from 2.4% vs exp 2.3% justifying the latest hawkish talk from the ECB. EURUSD was already rallying before the data when after ECB board member Lorenzo Bini Smaghi said the bank should introduce series of gradual rates hikes in the Ezone. One of the reasons markets ignored last nights comments from Kansas Feds Hoenig that the Fed indicating the Fed needed to get on with tightening current ultra loose policy is that i) Hoenig is NOT a voter at this years FOMC and ii) Hoenig was the ONLY consistent hawkish dissenter throughout all of last year, therefore, his demands for tightening are NEITHER new or effective. And so that is why I quipped earlier today that ONE Hawkish ECB comments was nearly worth THREE times the impact of Hawkish Fed comments? 2 days ago I emphasized EURUSD would remain supported above the Feb 14 trendline support of 1.3980. Now resistance emerges at 1.4255.
Latest IMTs
-
ندوة سويسكوت مساء اليوم مع أشرف العايدي
by Ashraf Laidi | Mar 11, 2025 15:46
-
Forecaster App التطبيق الذي كنت تنتظره
by Ashraf Laidi | Feb 23, 2025 23:00
-
Charting gold storage in NY تحليل مخزونات الذهب في نيويورك
by Ashraf Laidi | Feb 21, 2025 19:45
-
آخر ضربة تعريفات ترامب على الأسواق
by Ashraf Laidi | Feb 7, 2025 19:52
-
تداول فوضة تعريفات ترامب
by Ashraf Laidi | Jan 31, 2025 21:19