8:30am NY Time ECB Chairman Trichet Press Conference
ACTION: N/A
We’ll be focusing on the ECB (European Central Bank) Chairman Jean-Claude Trichet press conference today as he releases an official statement from ECB regarding the official Interest Decision, followed with a brief Q&A Session… Here is an overview of the situation
This is a preview of FOREX ECB Trichet Press Conference 03/04/2010. Read More...
ECB (European Central Bank) is likely to once again leave its minimum bid rate at 1.00% or unchanged this month. The majority of analysts agree to this sentiment as according to ECB, it is will keep rates unchaged until 2011.
Euro Zone is still plagued with the imbalanced economic recovery of its member countries, especially Greece, Spain, Portugal, and Italy… As a matter of fact, even with the Austerity Measures issued by Greece yesterday, the risk of a sovereign default is still possible.
This is a preview of ECB Minimum Bid Rate Decision 03/04/2010. Read More...
2:00am German Prelim GDP q/q Forecast 0.2% Previous 0.7%
5:00am EU Flash GDP q/q Forecast 0.4% Previous 0.4%
Action: N/A
We’ll be looking at both German Prelim GDP for the 4th Quarter 2009 GDP measurement. Since this is the first release of GDP for the quarter out of Germany, it is more likely to surprise the market than 2nd or 3rd releases. Since Germany and France are the two largest members of the European Union, their GDP releases makes up over 50% of the entire EU, therefore we’ll be looking at the market during their scheduled release time.
This is a preview of German Prelim GDP q/q & EU Flash GDP q/q 02/12/10. Read More...
8:30am NY Time ECB Chairman Trichet Press Conference
ACTION: N/A
We’ll be participating ECB (European Central Bank) Chairman Jean-Claude Trichet press conference today and he is going to be releasing the official ECB Interest Rate Statement along with a brief Q&A Session… Here is an overview of the situation
This is a preview of ECB Trichet Press Conference 02/04/10. Read More...
ECB (European Central Bank) is expected to leave its official interest rate at 1.00% or unchanged once again this month. The majority of analysts surveyed seems to agree to this sentiment as ECB is likely to keep rates unchaged at the current level until 2011 as the Euro Zone is still plagued with the imbalanced economic recovery of its member countries, especially Greece… As a matter of fact, should Greece default from unable to fulfill its debt obligations, the entire Euro Zone will suffer greatly and EUR could depreciate even below parity against the USD.
This is a preview of ECB Minimum Bid Rate Decision 02/04/10. Read More...
8:30am NY Time ECB Chairman Trichet Press Conference
ACTION: N/A
We’ll be listening to ECB (European Central Bank) Chairman Jean-Claude Trichet releasing official ECB Interest Rate Statement along with a brief Q&A Session… Here is an overview of the situation:
This is a preview of ECB Trichet Press Conference 01/14/10. Read More...
ECB (European Central Bank) is expected to leave its official interest rate once again at 1.00%, or unchanged. Analysts surveyed seem to agree that it is too soon for ECB to hike interest rate. ECB will probably keep rates unchaged at the current level until possible until 2011 as the Euro Zone is still plagued with the imbalanced economic recovery of its member countries, especially with the recent news out of Greece… Therefore there would be no real justification for a rate hike, regardless of what speculators are thinking. However, in order to fight against growing concerns over inflation, ECB has already started a series of withdrawals of their liquidity program since last year, which means that chances for a surprise rate hike would be much less possible, although the gesture of winding down their stimulus is undoubtedly positive for the EURO.
This is a preview of ECB Minimum Bid Rate Decision 01/14/10. Read More...
8:30am NY Time ECB Chairman Trichet Press Conference
ACTION: N/A
Trichet usually delivers an official statement along with a Q&A session 45 minutes after the official rate decision at 8:30am. This press conference is usually very volatile and the market is always looking for clues from Trichet’s tone over future monetary policy directions. If Trichet is hawkish over the future of EURO, namely talking about exit strategey and possibility of rate hikes, then we will see EURO gaining across the board; however, if Trichet is dovish, focused on how slow the recovery might be and also on the issues over the imbalances of recovery within the members of EURO Zone, we’ll probably see EURO trade lower against other currencies… Furthermore, Trichet will never tell you what you want to hear… therefore you need to listen between the lines and keep an eye on the market for confirmation.
This is a preview of ECB Trichet Press Conference 12/03/09. Read More...
It is widely expected that ECB (European Central Bank) is likely to leave its official interest rate once again at 1.00%, or unchanged. Analysts surveyed seem to agree that it is too soon for ECB to hike interest rate. ECB’s next interest rate move is likely to be a hike, but it probably won’t take place until the end of first quarter of 2010 as I’ve pointed out in the analysis during last ECB Rate Decision.
This is a preview of ECB Minimum Bid Rate Decision (Interest rate decision) 12/03/09. Read More...
Trichet will deliver an official statement along with a Q&A session afterwards. This press conference is usually very volatile and the market is always looking for clues from Trichet’s tone for future monetary policy directions. If Trichet is hawkish over the future of EURO, namely talking about exit strategey and possibility of hikig rates, then we will see EURO gain; if Trichet is dovish, focused on the real picture of the recovery, then we will see EURO trade lower against all other currencies.
This is a preview of ECB Trichet Press Conference 11/05/09. Read More...
ECB (European Central Bank) is likely to leave its official interest rate once again at 1.00%, or unchanged. Analysts surveyed by different news agencies (Bloomberg, Reuters, etc…) seem to agree that it is too soon for ECB to hike interest rate and the time has passed for further rate cuts. ECB’s next interest rate move is likely to be a hike, but it probably won’t take place until the end of first quarter of 2010.
This is a preview of ECB Minimum Bid Rate Decision 11/05/09. Read More...
Trichet will once again deliver a statement along with a Long and boring Q&A session afterwards. This press conference is usually very volatile and the market is always listening to Trichet’s tone for future ECB policies. If Trichet is hawkish, then we will see EURO gain, if Trichet is dovish, then we will see EURO lose against all other currencies.
This is a preview of ECB Trichet Press Conference 10/08/09. Read More...
ECB (European Central Bank) will most likely leave rates at an unchanged level of 1.00% once again. It is almost impossible for ECB to surprise the market at this point and cut or hike current rate by 0.25%. Numerous of ECB officials, including chairman Trichet, stated recently that the current rate is appropriate, the expectation for ECB rates among analysts is pretty much neutral.
This is a preview of ECB Minimum Bid Rate Decision 10/08/09. Read More...
Trichet will deliver a statement along with a Long and Boring Q&A session after. This press conference is usually very volatile and the market is always looking for Trichet’s tone for future ECB policies. If Trichet is hawkish, then we will see EURO gain, if Trichet is dovish, then we will see EURO losing against all other currencies.
This is a preview of ECB Trichet Press Conference 09/03/09. Read More...
ECB (European Central Bank) will probably leave rates at an unchanged level of 1.00%. It is very unlikely for ECB to surprise the market and cut or hike current rate by 0.25%. As numerous of ECB officials stated recently that the current rate is appropriate, the expectation for ECB rates among analysts is pretty much neutral. Furthermore ECB is concerned over the imbalanced economic recovery over its member countries, therefore there would be no justification for a rate hike; and God forbids should ECB cut the current rate and send the world a message that ECB has been incompetent and clearly behind the curve and needs a rate cut at this late stage in order to somehow stimulate their economies…
This is a preview of ECB Minimum Bid Rate Decision 09/03/09. Read More...
5:00am (NY Time) EU German ZEW Economic Sentiment Forecast 45.2 Previous 39.5
ACTION: N/A EUR/USD
I normally don’t trade this release but I feel it is important to mention it today since this report has been gaining popularity by traders as Germany is one of the biggest economies in the Euro Zone; therefore better German economy means better European economy as a whole.
The ZEW Economic sentiment is a survey of around 350 German institutional investors and analysts on their opinion of the economic outlook for Germany in the next 6 months. This report is considered as a leading indicator, which reflects the sentiment of these professionals, but not the actual health of the economy. But since these professionals are highly informed in their respective fields, this indicator is highly regarded by traders as early signs of market trend.
This is a preview of EU German ZEW Economic Sentiment 08/18/09. Read More...
Trichet will deliver a statement along with a pretty-lengthy Q&A session after. This press conference is usually very volatile and the market is always looking for Trichet’s tone for future ECB policies. If Trichet is hawkish, then we will see EURO gain, if Trichet is dovish, then we will see EURO losing against all other currencies.
If you have never traded this release, it is better to stay out of the market. Wait until around 9:30am then follow the trend. If Trichet is hawkish, EUR/USD will gain throughout the session and may even carry over to Friday. Therefore there are plenty of opportunities to trade after the market has already established itself.
This is a preview of ECB Trichet Press Conference 08/06/09. Read More...
ECB (European Central Bank) is once again to leave rates at an unchanged level of 1.00%. It is very unlikely for ECB to surprise the market and cut current rate or even hike the rate by 0.25%. As numerous of ECB officials stated recently that the current rate is appropriate, the expectation for ECB rates among analysts is pretty much neutral.
This is a preview of ECB Minimum Bid Rate Decision 08/06/09. Read More...
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