EUR/USD has found another pocket of liquidity in the 1.4690 area, where Asian central banks have buy orders … Stops are seen in the 1.4675 area, again below 1.4650, with larger ones around 1.4625/30. German yields are falling rapidly since … Continue reading
More down at 1.4630. 1.4750/60 should provide resistance now on rebounds. Looks as though a top is in near-term as Trichet signals the next rate hike will come in July rather than June. He remains quite hawkish overall, however.
As widely expected.
Or should I more rightly say, what I think the market is thinking. As Jamie mentioned earlier, a lot will hinge on the wording of the ECB statement with use of the term ‘strong vigilance’ taken to mean that the … Continue reading
Apparently alot of arguements being heard in favor of early move. Meanwhile EUR/USD sits at 1.4855. BIS selling above 1.4870 has so far managed to cap the latest rally at 1.4878.
Still sitting with EUR 76 bln worth it does not want but has been unable to pawn-off on EFSF…