Dislikedmine too, but i shorted gu and eu again,Ignored
Just a reminder... The trend is your friend. I personally don't take countetrend positions. At least usually...
Re: EurUsd short term 15 replies
NFP nice bump up on EURUSD 2 replies
Dislikedis the ecb raising the rates next week?Ignored
DislikedTrichet says July rate decision will be based on all information available then(updating with further comments on second-round inflation effects)
FRANKFURT (Thomson Financial) - European Central Bank (ECB) president Jean-Claude Trichet said the ECB's July 3 interest rate decision will take account of all the information available at that time, and the central bank is not pre-committed to hiking rates despite a strong signal on its readiness to tighten monetary policy.
'We will take our decision in the next meeting on the basis of all information we will have at the moment of our decision,' he told the ECB's monthly news conference.
He said earlier that the ECB could hike rates by a 'small amount' at the July meeting in order to secure the solid anchoring of inflation expectations.
Trichet said a small move would be of the same order as previous ECB rate hikes -- 25 basis points.
DislikedDont you think?
Do you remember the last Press conferences?
Inflation still raising..Ignored
DislikedJust a reminder... The trend is your friend. I personally don't take countetrend positions. At least usually...Ignored
Dislikedya i agree they will do that. it will send this pair up to 1.60 or close to it.Ignored
Dislikedthis is what the fed should of done this week to raise the rates to 25bps. its ashamed that they didnt do that. the dollar would of gained some strength. but look at us now the down closeed at 358 negative. damn you benny,.Ignored
DislikedEventhough I don't really care what they do, since I trade whenever price gets to some "critical" level, I don't blame Benny.
He is pretty much in between two problems if you will.
He's in between internal market "warmth" X inflation.
By internal market warmth, I mean that product consumptio has to rise in the US and therefore more money circulating and therefore more production, more money in people's pockets, more jobs... you know the drill.
So I believe he is skretching his head right now trying to figure what to do.
I personally would not like to be in his pants.
Hope this makes sese to you.
Cheers to all.Ignored
Dislikedhey jupiter thanks for the reply yes makes sense lower prices makes people buy more product, but i think he knew that if he didnt cut the rate like everybody would like him to do, that its going to weaken the dollar therefore sending the dow into a suicide spin from 50000 feet. i dont know that much about economics but i know the basic principle behind it. never took that subject in college. thanks againIgnored