Post Tagged with: "Jean-Claude Trichet"
ECB Italian Job Can Boost EUR/USD at Opening
The European Central Bank is planned to hold an extraordinary meeting on Sunday at 17:00 GMT, to discuss and immediate action to buy Italian bonds and calm the markets. An agreement on wide action in the currently split ECB can boost EUR/USD at the wake of the new trading week. A Sunday afternoon in mid-August
Forex Articles for the Weekend – August 6
The first week of some people’s summer vacations was quite crazy in the market: it included two interventions by central banks, quite a few important rate decisions (with Trichet starring again) and of course, the Non-Farm Payrolls. Well, now the markets are closed, and it’s time to lean back and enjoy some long term reads.
Berlusconi Accepts Orders from the ECB – EUR/USD Jumps
The latest episode of Berlusconi is an economical one: the Italian Prime Minister obeys orders from the ECB, which in turn promises to buy some bonds. Italy will accelerate more reforms that include spending cuts. A promise to lower the raging yields helps EUR/USD bounce back. Yesterday, the ECB returned to the markets and bought
ECB running to catch up
The ECB came out yesterday, but frankly it was too little and too late for markets. Its moves on liquidity and bond buying were not the cause of the global sell-off in markets, but nevertheless the fact that it was only buying Irish and Portuguese debt selectively did not inspure confidence. The sell-off in equities
ECB Supplies Market Liquidity, Limited Market Intervention – EUR/USD Falls
Jean-Claude Trichet said that the ECB is “monitoring very closely”, but immediately announced an LTRO plan to supply liquidity – pushing money to the markets. The ECB intervened in the markets, but at a very limited scale, apparently without touching Spanish and Italian bonds. The best show in town for euro traders ended with a
European Rates Unchanged – Euro Steady – Trichet Awaited
The European Central Bank left the interest rate unchanged at 1.50%, as expected. This pause comes after last month’s 0.25% hike, and was widely expected by the markets. EUR/USD trades steadily in range. Euro/dollar started the day in a very choppy manner, and is now consolidating at around 1.4250, between the 1.4220 and 1.4282 lines.
EUR/USD Aug 4 – Chopping Down Before Trichet
Euro dollar is sliding to lower ground before the press conference by Jean-Claude Trichet. Trading conditions are very choppy. The dollar enjoys the Japanese intervention. Spanish and Italian bond yields started sharply lower, but they are creeping up. Will Trichet join the currency war and intervene in the markets as well? Here’s a quick update on
Stepping Back From The Monitors? ECB Preview
Jean-Claude Trichet will have his monthly rendezvous with the press after the rate decision, and is likely to be softer this time. How will the euro react to Trichet’s words? ECB Preview with four scenarios – one is already priced in. On Thursday at 11:45 GMT, the ECB is expected to leave the interest rates unchanged
Can Jean-Claude Trichet Turn Into Jean-Claude Van Damme?
The markets have no mercy on Europe’s third and fourth largest economies: Italy and Spain. They are close to crossing the point of no return and to lose market access. The only man with the power to stop it is ECB president Jean-Claude Trichet. Can he be the super hero? The point of no return
Yen Intervention Coming Soon?
The current levels of the Japanese yen put the Japanese BOJ and MOF on high alert. David Rodriguez of DailyFX discusses the chances of a big intervention if USD/JPY reaches the historic lows, and answers 4 additional fundamental questions about the debt ceiling, the EU Summit details and more. David Rodriguez is a quantitative analyst