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ECB velvet glove will undermine Euro
The ECB is likely to take a dovish and downbeat tone on the Euro-zone economic outlook at this week’s policy meeting which will undermine the Euro. The bank is likely to cut benchmark interest rates or signal a cut next month, inflicting further currency damage. Given banking-sector stresses, it will also be forced to engage further in the structural Euro-zone debate by promising improved transmission of monetary policy while insisting on safe-guarding a longer-term commitment to monetary principles in order to keep the Bundesbank onside. Look to sell the Euro ahead of the decision and aim for trailing stop-loss ... (full story)
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- Apr 1, 2013 4:49pm Apr 1, 2013 4:49pm
- alimm0f
- | Joined Feb 2013 | Status: Member | 100 Comments
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- Apr 1, 2013 6:58pm Apr 1, 2013 6:58pm
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir