ECB Bini Smaghi is also speaking
Written November 19, 2009 at 1:57 PM EST by Greg Michalowski
He comments that the pace of expansion is likely to be gradual and uneven. He sees the effects of the fiscal stimulus fading and that the inventory correction cycle won’t last either. Commodity price climb could slow recovery but the low rates could fuel unwarranted speculation.
He commented that some banks are still reliant on the ECB liquidity and as a result the exit from measures could be damanging at this point. Finally, he said that all the liquidity measures will be needed to the same extent.
The EURUSD is back up testing the resistance at the 1.4916 level. A break moves toward the 100 hour MA at the 1.4925 level currently.
Categories: Forex Trading | Tags: ECB Bini Smaghi
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Is there anyway you can have a up-to-date economic calendar on this site? A page dedicated to when ‘new’ news will be released. I am asking this because when i click on the “economic statistics” link it only shows the most recent post that referenced the economic calender.
thanks
shawn
Go to http://www.fxdd.com/en/forex-trading-tools/economic-calendar.html There is a link there that says “Date Range”. Click on that to get other days other than today.
I hope this helps…. Greg