by Henry Liu on December 9, 2009
3:30am SNB Libor Rate Decision Forecast 0.25% Previous 0.25%
ACTION: USD/CHF SELL 0.50%
SNB (Swiss National Bank) is likely to keep the 3-month libor rate at the current level of 0.25%, as surveyed by reuters today. As a matter of fact, most analysts agree that SNB is likely to keep rates unchanged until mid 2010. As SNB is not in the habit of surprising the market, it is practically 100% that SNB will keep rates at 0.25%; however, just in the event that SNB does hike rates, we will SELL USD/CHF immediately.
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by Henry Liu on December 2, 2009
7:45am (NY Time) EU ECB Rate Decision Forecast 1.00% Previous 1.00%
ACTION: EUR/USD N/A
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.
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by Henry Liu on November 4, 2009
7:45am (NY Time) EU ECB Rate Decision Forecast 1.00% Previous 1.00%
ACTION: EUR/USD N/A
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.
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