03 March 2011

EUR/USD : Initiated Long @ 1.3933

  • 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.

2 comments:

Taichiseal said...

"Rates appropriate" omitted from policy statement.

Taichiseal said...

+1.3945