Thread: USD bears 2
View Single Post
Old 29-02-2004, 23:29   #16
novice
Super Moderator
 
Join Date: Oct 2003
Posts: 1,222
Downloads: 0
Uploads: 0
Rep Power: 0novice is an unknown quantity at this point
ECB meeting will likely be of most importance.

The EUR/USD may fall slightly ahead of the meeting on the fear of a interest rate cut.

If there is no cut the EUR/USD may start to rally. Other USD pairs will likely follow the EUR/USD up.

The ECB will most likely do nothing at this meeting. Any interest rate cut will likely only come when the EUR/USD is above the pain threshold (sighted at about 1.30+).
novice is offline   Reply With Quote