ECB and Rates
Tommorow the ECB makes a rate announcement. The expectation is for no change. The wording is once again key. Currently they are maintaining a hawkish bias. I think that this will have to change and change soon. Although tomorrow may be a bit to early I am looking for a softening of the language over the next two meeting with a view toward's a rate cute in Q1 next year. This will send the Euro lower....MUCH lower.
Please remember I have been attacking the Euro from the short side for quite a while and currently I am sitting short both Euro and Cable.
Good Luck and Good FOREX trading.
Please remember I have been attacking the Euro from the short side for quite a while and currently I am sitting short both Euro and Cable.
Good Luck and Good FOREX trading.
Labels: Markets
posted by Banker at
Wednesday, October 03, 2007
2 Comments:
Banker,
Hope you were in there for the Euro - did the GBP work out for you after all?
Cheers,
energyecon
I actually cut the Euro before the number and re instated after the number. Overall a complete disaster. Luckily I was long EM currecies and short EuroDollar (interest Rate) futures which worked out nicely.
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