ECB is expected to hike interest rate during today’s meeting, as analysts agree after the last ECB Press Conference where Trichet signaled the market by using the code word “strong vigilance”. Trichet repeat the same code words once again last week, confirming to the market of ECB’s resolve on hiking rates, erasing any doubts that by Friday, ECB’s temporary short-term rate will be at 1.50%.
Euro
8:30am NY Time ECB Chairman Trichet Press Conference
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 at 7:45am today, and after the prepared speech, he will have a brief Q&A Session… Here is an overview of the situation
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 at 7:45am today, and after the prepared speech, he will have a brief Q&A Session… Here is an overview of the situation
Greece got a 45 Billion Euro rescue package at 5% interest rate, which is below the 6.98% rate. As reported in the Bloomberg Article, managing director of BlueGold Capital Management LLP in London said”
“This is a huge amount,” “This is more than a bazooka. They have gone nuclear on the issue of Greece. In the short run the market is short Greek assets so we’ll get a rally in those.”
For more on the article from Bloomberg, click here
8:30am NY Time ECB Chairman Trichet Press Conference
ACTION: N/A
We’ll be concentrating 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 at 7:45am today, and after the prepared speech, he will have a brief Q&A Session… Here is an overview of the situation
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
… Taken from my Weekly Outlook Report February 22~26, 2010… After this analysis we saw perfect SELL entries on both EUR/USD close to 1.3700 and GBP/USD 1.5580 area… If you had a chance to read this report before the drop, you’d have been on the right side of the market.
Written on 02/21/2010 just before the risk aversion sentiment on Monday/Tuesday
