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Forex Commentaries and Forecasts
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Huge Crude Oil jump follow after Trichet comments
Thu, Jun 5 2008, 19:13 GMT
by Peter Mill
Forex Trading Signals and Daily Strategy
Live Forex, Stock, CFD, Gold and Crude Oil signals by World-Signals.com.European Central Bank continues to support the politic for strong euro. Today the bank signal that monitors the situation and the high inflation and may boost the interest rates. The inflation is high and the effect by the high oil prices will spread over the rest sectors of the economy that will boost the inflation too high. The ECB probably will necessary to raise the interest rates with more than 1% at the end of 2008 said George Marshal forex analyzer in World-Signals. The strong raise of Euro push the crude oil to jump more than $7 for few hours. The market remain very unstable and the inflation will continue to raise while the oil will set new records very soon said Peter Mill forex expert and chief of World-Signals.com.
Published on Thu, Jun 5 2008, 19:14 GMT
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