日本語
Español
中文
- New York 16:30
- London 21:30
- Barcelona 22:30
- Tokyo 06:30
- Sydney 08:30
Market Thoughts
0
0
9/5/2008 − the current market sentiment
Fri, May 9 2008, 13:29 GMT
by Walid Salah El Din
The single currency is still well supported after Trichet comments inflation remain higher over a rather protracted period of time before gradually declining again. These comments came at the ECB press conference after its unchanged interest rate decision. Trichet has indicated that the ECB evaluation of inflation is still the same in spite of the drop of HICP to 3.3 in April from 3.6% in March. The ECB has not underestimated its growth forecast of the Euro zone which is1.7% this year in spite the recent April EU PMI manufacturing index figure hich came at 50.7 lower than the 52 of March following a disappointing IFO business climate figure of April which has fallen from 104.3 in March to 102.4 in April and increasing the possibility of contracting numbers below 50 next months. These data which have shown that the EU growth performance is negatively impacted by the weak demand and growth of US and the slump of US housing market which is still on giving back worries about the crediting market.Trichet has said that there are signs of an improvement in conditions in some financial markets but the money market is still in persisting tension. His speech has given a hope of a better growth performance latter this year and the high appreciation of inflation currently especially at these current oil prices above 120$ per barrel. The ECB is unlikely to lower rates as it says inflation is its top priority.
Best wishes
FX Consultant
Walid Salah El Din
E-Mail: mail@fx-recommends.com
http://www.fx-recommends.comPublished on Fri, May 9 2008, 13:30 GMT
Archive
- 5/11/2009 - The Current Market Sentiment
Published On Thu, Nov 5 2009, 14:25 GMT - 2/11/2009 - The Current Market Sentiment
Published On Mon, Nov 2 2009, 12:17 GMT - 27/10/2009 - The Current Market Sentiment
Published On Tue, Oct 27 2009, 14:50 GMT - 22/10/2009 - The Current Market Sentiment
Published On Thu, Oct 22 2009, 15:05 GMT - 19/10/2009 - The Current Market Sentiment
Published On Mon, Oct 19 2009, 00:41 GMT
FX Recommends
| Cairo, Egypt
http://www.fx-recommends.com | mail@fx-recommends.com
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.