Post Tagged with: "Jean-Claude Trichet"
ECB Leaves Rates Unchanged – EUR/USD Still slides
The European Central Bank decided to leave the Minimum Bid Rate unchanged at 1.50%. Contrary to previous decisions, the outcome of this one was uncertain. Given the chances of a rate cut, this move should have been positive for the euro, at least until Trichet opens his mouth. But given the uncertainty towards the rate
EUR/USD Oct. 6 – Recapitalized Before Trichet
Euro dollar is moving higher within a channel as talk about massive recapitalization of banks cheers the euro, despite another sign of weakness from Germany. This is not the classical “calm before the storm” trading that precedes the ECB rate decisions. The outcome of the rate decision is quite unclear this time. The only certainty is
Trichet’s Final Cut? ECB Preview
Jean-Claude will make his final rate decision after 8 years as the president of the ECB, and he may be forced to reverse recent policy and cut the rates. The decision is only a warm up before the bigger show – the press conference, and this time it is of higher importance, given the extraordinary
EUR/USD Oct. 4 – Licking Wounds on Low Ground As Gloom Takes Over
Euro dollar is now looking to consolidate in a low range after a terrible beginning to the new quarter. With another delay in the next tranche of Greek aid and the emergency at the French/Belgian bank Dexia, hope is hard to find. The heads of both central banks will testify today. Here’s a quick update on
Forex Daily Outlook – October 4 2011
Ben Bernanke’ and Jean-Claude Trichet’ speeches are the highlight of today’s events. Here is an outlook on the market-movers awaiting us. In the US, Ben Bernanke testifies at the Joint Economic Committee, in Washington DC. His words have a major impact on the market. Later in the US, Sarah Bloom Raskin FOMC member is scheduled
Surprising Jump in European Inflation Lowers Chances of 0.50% Rate Cut
According to the initial release of CPI in the euro-zone, prices rose at an annual pace of 3% in September, much higher than 2.5% that was expected and the highest level in many years. In his last rate decision, Jean-Claude Trichet will probably refrain from cutting the interest rate by 0.5% and perhaps he won’t
Forex Daily Outlook – September 23 2011
BBA Mortgage Approvals in the UK is the major market-movers. Let see what awaits us today. Group of Twenty (G20) Meetings -Day 2, an influential worldwide policy-making group that is working at the highest level and impact the currency markets. International Monetary Fund (IMF) Meetings that are usually been held twice a year for the
EUR/USD Sep. 15 – Rising in Upper End of Channel, Enjoying Swiss Moves
Euro dollar continues moving forward at the high end of a distinct uptrend channel. Hopes for a prevention of a Greek default, eurobonds and a small push from the SNB all help the euro, as it approaches critical resistance. We have a big bulk of US news today – important information towards the FOMC meeting next
Forex Daily Outlook – September 15 2011
US inflation data, Unemployment claims and Philly Fed Manufacturing Index are the main highlight on today’s outlook. Let’s see what awaits us today. In the US, Inflation rate, Headline inflation increased by 0.5% in July following 0.2% decrease in the previous month. This reading was above the 0.2% increase predicted. Meanwhile, Core prices increased by
Forex Daily Outlook – September 12 2011
We start the week with Richard Fisher speech in Dallas and Trade Balance in Australia as the main highlight on today’s outlook. Let’s see what awaits us today. In the US, Richard Fisher, Federal Reserve Bank of Dallas President is due to deliver a speech in Dallas. In Europe, Jean-Claude Trichet, European Central Bank (ECB)