European Central Bank rate change

[youngMoney]

I see that there is a lot of talk about tommorrow's ECB potential rate hike. Some have even said that they don't expect a rate increase. Reading commentary from ECB President Jean-Claude Trichet it seems the priority is fighting inflation. So I expect to see a rate hike.

I've seen people saying that bad news for oil could out weigh the benefit of the ECB rate hike. The EURO will rally immediately after the rate increase but I've read also that if in Trichet's commentary it is said that this is a "one and done" this will counter the increase in the EURO. Who knows. Here is a link to one of the interesting articles I've read:

http://www.dailyfx.com/story/specia.../EUR_USD__How_To_Trade_The_1215014958054.html

I went 100% I fund this morning. We'll see how it turns out.

Reuben

 

[fedgolfer]

Thanks, interesting and useful article. I could have sworn I already posted a thank you for this but maybe I'm getting old and didn't press "submit reply"

Happy 4th! off to the beach w/ the fam! Here's a sign we're in a recession. I told my 4 year old daughter we're heading to the beach this weekend... she asked, "the beach with the brown water or the blue water?" Last year it was the Atlantis, this year its Bethany Beach, DE. If she asks my why, I'll tell her, "Daddy, forgot to set a stop-loss on AAPL."

 

[Frixxxx]

..... The EURO will rally immediately after the rate increase but I've read also that if in Trichet's commentary it is said that this is a "one and done" this will counter the increase in the EURO....

Hello EURO...serious buy signal on this one.....

I went 100% I fund this morning. We'll see how it turns out.

Reuben

Good luck with that!

 

[fedgolfer]

Hello EURO...serious buy signal on this one.....



Good luck with that!

Frixxxx, are you buying into the FXE (Rydex Euro ETF)? Looks like a month late and technicals are overbought. If you know a good way to play the euro let us know... i don't have a forex acct.