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euro zone

ECB Trichet Press Conference 12/03/09

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.

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EU German ZEW Economic Sentiment 08/18/09

by Henry Liu on August 17, 2009

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.

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