How to speak E.C.B.
Young FX monkeys, always wondered how to preempt rate hikes? Always wanted to know what signals traders look for at Central Bank press cons?
Well read on because this might be for you.
Jean – Claude Trichet is a man of words, and while most credit the Euro’s swan dive to the silver bloodbath, fact of the matter is it was his words that helped push it off the ledge.
Scrapping the “vigilant” and “monitoring very closely” rhetoric, the ECB chief surprised traders expecting a rate hike to dump the common currency.
What the hell do those mean anyway?
Well, here a quick intro to Trichetanese.
Not convinced? Here's an older historical graph.
Loving the fact that the tiniest things you notice ends up as graphs.
Today he says the ECB's "extremely alert" and that they're monitoring developments "very closely", so lets see what Monday will bring.
Have a good one WSO.
Damn solid post. Will keep that image stored. Thanks.
Yeah thanks for posting this! Definitely something good to keep around
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