European Central Bank: Another 50bp Rate Cut Expected
The biggest event risk this week for the Euro is the European Central Bank interest rate decision. Weak economic data and softer inflationary pressures will force the ECB to take interest rates below 3 percent.
A rate cut will not be a surprise since [...]

Posted in Bank of England, Bernanke, Bloomberg, British Pound, ECB, Forex News, Trichet, ecb rate cut, eur/usd, euro, forex blog No Comments »

The European Central Bank President has finally buckled under the weight of bank failures, recessions and slower global growth. Although the ECB left interest rates unchanged at 4.25 percent this morning, Trichet has paved the way for an interest rate cut before the end of the year. This has driven the Euro to [...]

Posted in Euro Intervention, Forex News, Forex Podcast, Oil, Trichet, ecb rate cut, euro, euro oil, forex blog No Comments »

ECB President Trichet’s lack of commitment towards future monetary policy has led to little volatility in the Euro. After leaving interest rates unchanged at 4.25 percent, Trichet explicitly said that he has “no bias.”
However based upon the number of times he used the words “price stability in his Introductory [...]

Posted in ECB, Trichet, ecb rate hike, eur/usd No Comments »

WHAT IS THE RISK FOR THE ECB?
In yesterday’s Daily Currency Focus, we said that the 1.45 level was significant support in the EUR/USD.A break below that level would have opened the door for a move down to 1.42. Even though the EUR/USD did take out the support to hit an intraday low of 1.4385, what [...]

Posted in Bank of England, ECB, Trichet, forex blog 3 Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 7:48 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
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In the Financial Papers:

 
Podcast Covers:
Jobless Claims Drop Distorted by Seasonality
Australian Employment Numbers Much Stronger than Expected
Bank of England Leaves Interest Rates Unchanged
Ex BoE Goodhart [...]

Posted in Australian Dollar, Bank of England, British Pound, Canadian Dollar, Crude Oil Prices, Dow, ECB, FX Radio, Forex Podcast, Japanese Yen, New Zealand dollar, Trichet, US Dollar, US Economy, Wall Street Journal, euro, forex blog No Comments »