Post Tagged with: "Jean-Claude Trichet"
EUR/USD Sep. 9 – Settling Above Critical Support After Trichet’s Blow
Euro dollar is settling in an area last seen two months ago, after Trichet’s blow. Things are getting worse for Greece and as long as news from the US are stable, the pair has a chance of taking a deeper fall to a 6 month low. How will it end the week? Here’s a quick update
EUR/USD Softens as Trichet Softens Tone and Expectations
Trichet has clearly softened his tone towards inflation and lowered official expectations for growth and inflation. His words are critical for the exchange rate of the euro which is softening as well. EUR/USD fell below support at 1.4030 as Trichet began speaking softly. It is just under the round number of 1.40 and above support at
EUR/USD Sep. 8 – Consolidating on Low Ground Before Trichet
Euro dollar is now getting comfortable in a lower range, still enjoying the German court decision. But this isn’t likely to last long, as the market awaits the rate decision and the press conference by ECB president Trichet. Also in the US, many important indicators are released, with the head of the central bank speaking as
Hint of a Rate Cut? ECB Preview
No change is expected in the upcoming rate decision in the euro-zone. Trichet is likely to soften his stance on inflation. But how soft will he be? ECB Preview. In the recent rate decision, Jean-Claude Trichet remained upbeat on inflation risks. He used the code words “very closely monitoring”, which mean that a rate hike
EUR/USD Sep 6 – Swiss Sugar Rush Fades Away
Euro dollar was saved from the abyss by the super strong Swiss move to hold EUR/CHF above 1.20. But this effect is fading away as the reality of the debt crisis resumes its weight on the pair. Here’s a quick update on technicals, fundamentals and what’s going on in the markets. EUR/USD Technicals Asian session: Downfall
EUR/USD Outlook – September 5-9 2011
Euro/dollar couldn’t break out of range and it ended the week 300 pips lower. Will it climb back within range or break lower? The upcoming week is very busy and consists of the rate decision among other events. Here is an outlook for these events, and an updated technical analysis for EUR/USD. The now quarterly
August’s swings and roundabouts
There’s no doubt that August has been a pretty treacherous and volatile month in markets and there’s a decent push to end the month on a modest high. Some of this came on the back on the stronger spending numbers from the US yesterday, with this providing a modest antidote to some of the weaker
EUR/USD Aug 30 – Sliding to Support As Londoners Return
Euro dollar is now sliding to support as London reopens after a holiday. European banking troubles, Greek bailout issues and a softer tone from Trichet on inflation are the main reasons for this slump. The pair is still high. Important US data lies ahead. Here’s a quick update on technicals, fundamentals and what’s going on in
EUR/USD Aug 29 – Breakout Attempt Failed
Euro dollar kicked off the week with a move above the range and reached a one month high. This was short lived, and the pair is back in range. European worries are growing in two fronts: the stability of the European banking system and the passage of the new powers for the bailout funds are in
Opposition to Bailouts Reaches Unsustainable Levels
In the never ending European debt crisis, the concept of bailouts has been used over and over again. Similar to the core debt problems, opposition is also mounting to unsustainable levels against the core solution: bailouts. Will we see disorderly defaults? Or perhaps a brave new solution? The problem: The story was the same for