Trichet leaving Sydney a day early to attend ECB meeting

8 Responses to “Trichet leaving Sydney a day early to attend ECB meeting”

1. david on February 9th, 2010 01:47 GMT
   

   Well off topic, but in NZ the sales tax is looking likely to be hiked:
   http://www.stuff.co.nz/national/politics/3307911/Key-confirms-GST-increase-being-considered

   This might spark some purchases of big ticket items in the near term, but then might dampen the longer term interest rate outlook if consumption takes a hit…
2. simon on February 9th, 2010 01:52 GMT
   

   Sean

   May I canvass your opinion on this whole bailout talk and speculation, considering the mkt is seriously risk averse around the euro with all this talk about sovereign credit, if Germany does bail out Greece, I would expect the euro to get a lift on the back of this and the pound to get sold pretty heavily (miore than it is at the moment)

   Your thoughts opinions on this

   Simon
3. Sean Lee on February 9th, 2010 02:42 GMT
   

   Hi Simon. I’m not as bearish on the EUR and the future of the single ccy as many seem to be. Sure there are some serious problems but I believe that the political will exists at the moment to take care of it. The EUR sceptics have been hoping that this day would come and they are now up on their soap boxes screaming that the end is nigh. Personally I don’t see it. The market would seem to be short EUR/USD at the moment but I don’t care how bearish one is re the EUR, surely nobody can feel overly comfortable sitting long the USD. I prefer to be a dip buyer and I’ll probably get stopped out a few times but the bounce, when it comes, will be pretty fierce, imho.
4. hsbc on February 9th, 2010 02:46 GMT
   

   i agree with u sean
5. Puks on February 9th, 2010 03:14 GMT
   

   G’day Sean,

   So in light with that what do you think is the reason for cable downfall?

   and where do you expect cable to be in very short term (1-2 weeks?)

   thanks
   Puks
6. Sean Lee on February 9th, 2010 03:21 GMT
   

   I think cable will base out around 1.55 somewhere and will move back towards 1.60. If it closes below 1.53 then I’ll give up on the buy-dip strategy. Obviously a lot of bad news still emerging for the pound but I smell a market that can only see one side and that is very dangerous I think
7. simon on February 9th, 2010 03:38 GMT
   

   Thanks for sharing thoughts Sean
8. Asian FX market wrap: focus still on the EUR | ForexLive on February 9th, 2010 05:14 GMT
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