Featured \Nick Nasad \ 2:44 PM EST \ March 4th, 2010
The ECB, while extending some stimulus measures in its interest rate meeting, also took some small steps to tighten monetary policy. The Euro was pressured as a positive report on weekly jobless claims contrasted with the fiscal problems in the Euro-zone. Also we had a downgrade of Deutsche Bank, a negative for the Euro. The BOE did not expand its quantitative easing policy, and the Pound gave up overnight gains in NY trading on general greenback strength.
alaidi: Pretty much replicated $EURUSD shorts on Thurs nite as on Tue; results were the same, peaks at 1.32 back to hit 13080s targets #forex 5 hours ago from TweetDeck
kathylienfx: Co-chairs of Greek Creditors Committee flying into Athens this w/e - either tough decisions need to be made or a deal is ready to be closed 18 hours ago from web
JohnKicklighter: ...great quote from Sebastien Galy at Soc Gen in that article, “The SNB’s hand is being forced and it will likely be fairly brutal.” 18 hours ago from TweetDeck
JohnKicklighter: According to a good FT article on SNB political pressure for solid intervention, the options market is pricing in a 30% chance of 1.20 break 18 hours ago from TweetDeck
JohnKicklighter: That's a hearty drop in net dollar long interest from the COT figures. Good indicator for establishing a time frame for dollar's tumble. 19 hours ago from TweetDeck
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Daily Video Recap: Greenback Strengthens; ECB and BOE Lack Surprises
Featured \ Nick Nasad \ 2:44 PM EST \ March 4th, 2010The ECB, while extending some stimulus measures in its interest rate meeting, also took some small steps to tighten monetary policy. The Euro was pressured as a positive report on weekly jobless claims contrasted with the fiscal problems in the Euro-zone. Also we had a downgrade of Deutsche Bank, a negative for the Euro. The BOE did not expand its quantitative easing policy, and the Pound gave up overnight gains in NY trading on general greenback strength.
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