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[Archive!] FOREX - Trends, Forecasts and Consequences (Episode 7: September 2011) - page 90

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tara:

Ta, it's not a move, it's half a move. Shas, let's go upstairs.
Tomorrow - IMF meeting, the day after tomorrow - Trichet's speech ))))
if that's not all, maybe we'll see 3535
[Deleted]
What was the catalyst? The speech, the news, the disasters?
To summarise a little: Twist to be, which makes rates for the long term low. Which in turn should mean a weaker dollar. Greece is carrying out further reforms and deficit reduction measures, which seems to be in favour of the euro. Bundestag committee has approved an economic fund to support Europe and it will take some encouraging from the Bundestag itself but knowing the situation in Germany and the mood in the political circles it is a done deal. Again, it is good for the euro. A downgrade of Italian banks does not help the Euro but three banks were downgraded in the USA as well - let's say a draw. Question: So why is the dollar rising and the euro falling? Obviously I'm missing something. (Too bad Margaret isn't here, she'll have it all straightened out in no time).
sever31:
What was the catalyst? The speech, the news, the disasters?
USinterest rate stayed the same (as expected), which in the current situation in America is a good thing
this hour is down for now, waiting for a pullback
rensbit:
Tomorrow, - IMF meeting, the day after tomorrow - Trichet's speech ))))
According to the calendar, the IMF meeting is on Friday.
s_aullma:
On the calendar, the IMF meeting is on Friday.
Yeah, sorry. Time zones, though.
rensbit:
the US interest rate has remained the same (as expected), which in the current situation in America is a good thing
There is not much lower. It is free to give or pay to borrow money.
s_aullma:
There's not much lower to go on. Give for free or pay to borrow money.
well, they could make the rate as low as 0.000000000000000000000000000000000000000000000001 )))))
1...838485868788899091929394959697...138
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