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Ireland’s Hurley in no hurry to find the exits
Exit strategy has been a big topic of discussion for Weber, Stark and others on the ECB but for Ireland’s Hurley, it is not on the radar. He says rates must remain accommodative as long as required. Policy will only be adjusted when definitive signs of significant improvement. Inflation will...
Cable rallies again, triggers stops
OK OK, so the bloody middle eastern sellers weren’t so canny this time round. Cable up, triggers stops above 1.6225 and spikes to 1.6238. Technical resitance now 1.6250/55. Elsewhere EUR/USD has been down to test aforementioned support at 1.4900/05, presently back up a shade at 1.4915....
The Greenback Weakens despite Positive Data from U.S
Today’s upcoming G20 Summit of the 20 most industrialized nations in Berlin, Germany today is set to dominate USD trading. Additionally, the forex market is set to go very volatile on the publication on the U.S. Import Prices indicator at 12:30 GMT, and the publication of the U.S. Consumer...
GM flexes their muscle in Opel talks
According to this article it looks like GM are calling the shots in the Opel...
Will or will not ECB raise rate?
Will or will not ECB raise rate? The answer is not as importnat as it seems… What a trader would like to know, is NOT if the ECB gang will or will not raise rate… What a trader would like to know is: which wines will they drinking during the meeting, following PAR ideas and...