Post Tagged with: "Minimum Bid Rate"
ECB Raises the Rates – EUR/USD Stays Low
As expected, Jean-Claude Trichet delivered on his intention to raise the interest rates in the Euro-zone. The European Minimum Bid Rate was raised to 1.50%. EUR/USD stay just above support, for now. Yesterday I wrote: Is Trichet bold enough to change his mind? The answer is NO. After all the clear thick hints, the “strong
Forex Daily Outlook – July 7 2011
Unemployment Claims in the US and Minimum Bid Rate in the UK are the main highlight on today’s outlook. Let’s see what awaits us today. In the US, ADP Non-Farm Employment Change indicating the number of people employed in the private sector gained only 38,000 in May vs. 177,000 in the previous month. This reading
Monitoring Closely or Very Closely? ECB Preview
Jean-Claude Trichet will meet the press once again. He is likely to appear after the announcement of a rate hike, and the markets will focus on his words at the press conference. What will Trichet hint about the next moves? How will the euro react? ECB Preview. Hiking the rates to 1.50% In the previous
EUR/USD Outlook – July 4-8
Greek austerity eventually boosted the euro in the past week. The Greek story stays with us, but slowly gives way to Trichet’s expected rate hike. There are many additional events this week. Here is an outlook for the events that will shake the euro, and an updated technical analysis for EUR/USD. A rollover of bonds
Forex Weekly Outlook – Jul 4 – Jul 8
Important employment figures from the US including Non-Farm Payrolls, Canadian and Australian employment data together with rate decision in the Euro-Zone, Britain and Australia are this week’s market-movers. Here are the major events lined up for us. Last week Greek legislators voted in favor of the austerity measures posed by the international community as a
EUR/USD Outlook June 6-10
The Euro had a great week, recovering some of the losses it encountered during May. The upcoming week’s highlight is the rate decision with the press conference of Trichet. Here’s an outlook for 9 events awaiting us, and an updated technical analysis for EUR/USD. We’ve seen some risk averse moves in the past week: Bad
Forex Weekly Outlook –June 6-10
Another week saw another sharp downfall of the US dollar. Will this continue into the next week? We have rate decisions in the Euro-Zone, the UK, Australia and New Zealand as well as employment data from the Canada and Australia among other events. Here is an outlook on the important events ahead. Signs of a
EUR/USD Unchanged as Rate Unchanged
As expected the European Central Bank decided to leave the Minimum Bid Rate unchanged at 1.25%. The focus moves to the press conference with Jean-Claude Trichet. The Euro rises a few pips, within a narrowing range. EUR/USD traded at around 1.4830 before the release, right in the middle of the 1.4775 to 1.4882 range that
More Strong Vigilance? ECB Preview
The ECB is expected to leave the interest rate unchanged after the hike last month. The big question is which code words will Jean-Claude Trichet use at the press conference. Here are three factor pushing for a hawkish stance, and three factors pushing for a dovish one. ECB Preview. After two years, the European Central
EUR/USD Outlook for May 2-6
The Euro can thank Bernanke for another great week. The focus will shift towards the Euro – a busy week is expecting us, with Trichet’s rate decision press conference being the best show in town. Here’s an outlook for the events that will rock the common currency, and an updated technical analysis for EUR/USD. The