Demo Trading Account Open a Live Account Deposit Funds Account Forms FXDD Home
Past performance is not a guarantee of future results. Please remember that technical analysis is only a tool for trading and even targeted analysis is no guarantee of profits. Forex trading carries a substantial risk of loss and only discretionary capital should be used in trading.

Forex News: Trichet comments covers it all

Posted by Greg Michalowski on Thu, 08/07/2008 - 7:53am in

The comments first focused on inflation, then growth, then both.  This indicates that the ECB is sufficiently confused to keep things where they are for the foreseeable future. 

A couple of key comments were wage settelements will be eyed.  The unions have been getting higher than expected wage concessions of late and this has a permanent effect on inflation.  The second key comment was that "current policy will help achieve objective" suggesting rates are unbiased with risk of another increase less likely.

EURUSD approaches the downside support of 1.5398

Reply
The content of this field is kept private and will not be shown publicly.