Soldat
TSP Strategist
- Reaction score
- 2
Dollar rises on news that ECB will not raise rates today. This appears to be a feint of strength seeing as though everyone knew that ECB would not raise the rates in 2 consecutive sessions, the result was 100% expected and accounted for. Look for the ECB to raise rates in may due to rising inflationary pressures across the 12-nation Euro, with an emphasis on Germany. ECB to make statement about the decision later in the day. I feel that the dollar could very well lose the ground it gained, later today. In my humble opinion, the dollar is still heavy and has room to fall.
European markets appear to be without direction, most likely to end flat. It seems to me that the Nikkei will steam on and that Europe will rally on friday, lets hope for oils to stall.
I will not move from my prior allocation of (95%I - 5%F).
On a side note, it seems that the DWCPF is in somewhat of a sideways correction at the moment, and is due strength. It's anyones guess right now (as usual) if the US markets will end in positive territory. I will wager that they end down, though I will not wager my allocation.
For a great article on the EUR/USD and other currency exchanges, read - http://biz.yahoo.com/fxcm/060406/1144338541.html?.v=1
Trade safely.
European markets appear to be without direction, most likely to end flat. It seems to me that the Nikkei will steam on and that Europe will rally on friday, lets hope for oils to stall.
I will not move from my prior allocation of (95%I - 5%F).
On a side note, it seems that the DWCPF is in somewhat of a sideways correction at the moment, and is due strength. It's anyones guess right now (as usual) if the US markets will end in positive territory. I will wager that they end down, though I will not wager my allocation.
For a great article on the EUR/USD and other currency exchanges, read - http://biz.yahoo.com/fxcm/060406/1144338541.html?.v=1
Trade safely.