EUR: ECB Will not raise Interest Rates on Thursday
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Quoting cesarncDislikedSource?Ignored
DislikedThe Future.
Its regarding this thread here:
http://www.forexfactory.com/showthread.php?t=19848
But this time it was a grouped work, so it can't be credited to me alone.
This thread can be for talking about the interest rate statement in general, so... don't feel disturbed by myself. And I'm not sure what it really means if the Internet rate Statement is not raised. I trade more technical and have not really a clue whats all about economic news and how the market will react on them.
So would someone have an edge if he knew beforehand the interest rate would not be raised, opposed to what is expected? How would the market react on something like that?Ignored
QuoteDislikedINSIGHT TO ECB PRESS CONFERENCE SCHEDULED TO START AT 8:30AM ET
- European Dealer notes the following:
- Key phrases to watch for in Mr Trichet press conference speak today are "accomodative" and "2008 inflation forecast".
- Notes that Combination of accomodative and increase in 2008 inflation forecast, the most bullish for eur/usd, as will result in increased tightening getting priced in quite quickly.
- Most bearish is dropping of "rates remain accomodative" mantra and benign 2008 forecast.
QuoteDislikedECB'S TRICHET: POLICY IS ACCOMODATIVE AND KEY ECB RATES ARE MODERATE
- Rate increase will help anchor price expectations
- Liquidity remains ample
- ECB is to monitor price risks closely
- ECB will act in a firm and timely manner to ensure price tability
- Sees ongoing robust growth, the expansion is sustained and broad-based
- Business investment is likely to remain dynamic
- Domestic demand is expected to maintain momentum
- ECB staff sees growth between 1.9 - 2.9% in 2007 versus previous forecat of 1.7 - 2.7%
- Sees 2008 gorwth between 1.9% - 2.9% versus 1.8 - 2.8% previously
- CPI is seen between 2.1% and 2.9% versus 1.5% - 2.5% in Dec.
- Risks are broadly balanced in shorter term for growth but on the downside in the longer term
- Inflation will likely fall in spring and summer and rise after summer
- Euro-zone inflation outlook is still subject to upside risks including risks from energy prices, indirect taxes and wage developments
DislikedSo much for Clairvoyance.....The ECB as much as said it out loud, rates were gonna be moved.
I give you an A+ for sticking your neck out and taking a stand, and an F for your "system".
Though good luck with it.Ignored