- Trichet post-ECB comments : "Monetary policy very accomodative", "Risks to inflation outlook have moved to upside", "Strong vigilance warranted", "Vigilance means rates may rise next month". April rate hike is now 95% done deal.
- Monthly : Messy. No trade here.
- Weekly : Above 1.3861 points to 1.4281.
- Fresh trade : Just bought at 1.3933. Paying for more below.
03 March 2011
EUR/USD : Initiated Long @ 1.3933
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2 comments:
"Rates appropriate" omitted from policy statement.
+1.3945
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