by Henry Liu on December 2, 2009
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.
Click on post title above to read the full article.
by Henry Liu on November 24, 2009
10:00am (NY Time) US New Home Sales Forecast 408K Previous 402K
ACTION: USD/JPY or USD/CHF BUY 480K SELL 330K
Our focus is on the New Home Sales, which is expected at 408K; our tradable deviation is going to be 70K, so if the release is lower, it would be bad for USD and risk sentiment, so we will look to SELL USD/JPY or possible the USD/CHF pair; if the number is higher, it would be good for USD and risk sentiment, we could see a rally in USD and BUY USD/JPY or USD/CHF.
Click on post title above to read the full article.
by Henry Liu on November 4, 2009
8:30am (NY Time) EU Trichet Press Conference
ACTION: EUR/USD BUY (Hawkish) SELL (Dovish)
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.
Click on post title above to read the full article.
