Sunday, February 20, 2011

Forex day trading ECB rate change

8 Jul/11:45 ECB 1.00 1.00 1.00
Analysts are in unanimous agreement that the ECB will keep interest rates at 1.00% this month; and officials are likely to repeat verbatim the language of previous statements that current monetary policy remains "appropriate". The official statement will provide the usual recap of the latest economic picture (unlikely to hold any surprising views), but once again, most market and media interest will concern the Q&A portion of the press conference. Trichet is almost certain to be asked to give his opinion on recent Eurozone crisis developments, but don't expect him to reveal too much here as given the sensitivity of Eurozone sentiment he is likely to be politic in his choice of answers.

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