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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
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:
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.
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.
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