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EUR intrest rate statment

  • #21
  • Oct 5, 2006 2:31pm Oct 5, 2006 2:31pm
Quoting DePastino
Thanks FXopp, though I'm still not sure about the logic.

Weaker economy = stronger currency



I begin to see why the failure rate for forex traders is so high.
If you would allow me to interpret. They are basically saying that they beleive the USD has a greater influence on the pair (no kidding) B U T, investor sentiment is hinged on a hawkish Trichet. They are suggesting that if investors are not completely re-assured of Trichet's hawkishness that there will be a euro sell off. The mild sell off we saw today was an example of this.
Profit is where readiness meets Opportunity
  • #22
  • Oct 5, 2006 3:10pm Oct 5, 2006 3:10pm
Quoting FXopportunist
If you would allow me to interpret. They are basically saying that they beleive the USD has a greater influence on the pair (no kidding) B U T, investor sentiment is hinged on a hawkish Trichet. They are suggesting that if investors are not completely re-assured of Trichet's hawkishness that there will be a euro sell off. The mild sell off we saw today was an example of this.
Ahhh...

The wording was slightly abiguous. Still, when they're talking about a drop to 2340, that's pretty dramatic.

Thanks for clarifying.
  • #23
  • Last Post: Oct 5, 2006 3:39pm Oct 5, 2006 3:39pm
Quoting DePastino
Ahhh...

The wording was slightly abiguous. Still, when they're talking about a drop to 2340, that's pretty dramatic.

Thanks for clarifying.
LOL

I think they were suggesting a cause and effect long term scenario.
Profit is where readiness meets Opportunity
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