eToro – Forex Trading Forum

[daranuel]

At 12:45 GMT, we will have Interest Rate statement out of Euro zone. The probability that they will change the interest rate is about 98.3% .so am expecting a change. If they hike the rates, EUR/USD is going to spike and probably there will be a lot of people wanting to take profits so after the spike up we might see a lot of selling pressure. Therefore, I might be selling EUR/USD right after the initial spike. If they leave the rates unchanged, it will be a clear sell signal on EUR/USD, good for 70 pips or so.


At 13:35 GMT. we will have Trichet speaking. HE SAID ON WEDNESDAY AND I QUOTE,
"If we are not resolute, there is a risk that inflation will explode. If we act decisively, then we can master the situation," he told German weekly Die Zeit, according to an advance copy of a feature about Trichet to appear on Thursday.

Figures on Monday showed euro zone inflation hit a record 4 percent in June, and the ECB is expected to raise its main interest rate when it meets on Thursday.

ANY QUESTION?