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Interest Rate Cuts With No Support
Mon, Dec 1 2008, 16:14 GMT
by Anthony Samaha
ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.
A. (01 December US) Latest Impact: December’s Phase: Interest Rate Cuts With No Support
So far, the market erased all previous week gains starting from Gold, Yen Crosses, Sterling and its crosses, and Crude Oil, while equities are tumbling to revisit the prices that were misplaced during Thanksgiving Day.
There are lots of noises this week, and the volatility that the market is talking about has not lessened yet, and can’t be yet trending on the reversal side, at least not this week since we are facing interest rate cut from RBA, RBNZ, ECB, & BOE and ending the NFP most probably with a short trading bar.
ForexSurvivor believes that BOE will cut rate to below 2% and this is going to be an unprecedented level for BOE rate since it was ever found.
ECB meeting this week as well will announce a rate cut of more than 50bp for the first time; 75bp rate cut is the least to be announced and is an amount that has never been chosen before. Trichet might even acknowledge the Euro zone economy could contract next year after already shrinking in the second and third quarters of 2008 to meet the technical definition of recession.
B. ForexSurvivor Signal (Prerequisite: Read Case D below: Risk Certification)
Limit Order Valid till xx December
C. Mission Accomplished:
n/a
Position(s) Closed
D. Risk Certification
The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
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Published on Mon, Dec 1 2008, 16:19 GMT
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