"Some have interpreted remarks by the European Central Bank chief Jean Paul Trichet last week about raising interest rates as similar to comments from the Bundesbank which triggered the 1987 dollar and equity crash. Last Friday’s oil price surge has echoes of the 1970s and...
No surprises from the European Central Bank which delivers a 25bp rate
hike to 3.5%. The real currency action only occurred after the rate
annoucement when ECB President Trichet spoke. He said interest rates are still at low levels,
following the Bank's decision to increase...
created by gracecheng | 2 years ago 440 views | 20 recommendations | 1 comment
The moment I heard the string of alarm rings last night, I knew
something big was happening. Yes, instead of the expected boring price
moves, majors actually staged breakout moves. USD/CHF headed downhill,
and...
US bulls are happily and deliriously riding on NFP (non-farm
payrolls)'s âonce-in-a-lifetimeâ big fat upward revision of employment
figures for the 12 months that ended in March 2006, which will
translate to an average of 236,000 jobs a month, or a whopping...